Rugby League Players Association boss Clint Newton admits cryptocurrency payment for game players will be part of the collective bargaining agreement
“The players have been positive and supportive of the club’s decision,” Perth Heat general manager Steven Nelkovski said, speaking to the Herald the United States. “The response elsewhere has been phenomenal.
“There were 179 million people at the November 17 announcement. We announced the same day that the Staples Center was renamed to Crypto.com Arena – and our announcement was hailed as more important by leading voices in the Bitcoin community.
“What we previously did in three years selling merchandise online, we eclipsed it in four weeks with bitcoin jerseys. The response was overwhelming.
“Three months later, I’m spending time in the US talking to bitcoin-related businesses about what we’re going to be doing over the next 12 months and into the future.
“I really think it’s a takeover. This is a warning to other teams – either you join or you are left behind. The next step will be, when will the next contract be in the value of Bitcoin and not AUD? It’s not slowing down.
NRL’s deal with Swyftx, which will include naming rights from 2023 to the Bunker, its multimillion-dollar video review system, has been hailed as “the biggest cryptocurrency partnership of all.” sports in Australia”. Swyftx employs 200 people, but is growing so quickly that it has 100 vacancies.
But the NRL deal did not please everyone.
Gambling reform lawyer Reverend Tim Costello argued that cryptocurrency was even less regulated than sports betting, and that young men like NRL players were particularly susceptible to the volatile nature of gambling. investing in digital stock.
Newton agrees and says the gamers union is aware of the risk cryptocurrency poses to its members.
“We are aware of the interest in the cryptocurrency market as a potential source of income for athletes and more will follow,” he said.
“We have seen both huge gains and serious market corrections with cryptocurrency, which highlights the dynamic nature of the sector. It is important to remember that at present it is unregulated, which means it carries significant risk for investors.
The discussion of non-fungible tokens is also expected to be part of upcoming labor negotiations between the NRL and gamers, such as Ryan Papenhuyzen and Kenny Bromwich who have established their own collections of NFTs on a blockchain.
South Sydney were the first NRL club to sign a deal with Sportemon Go, a physical and virtual token sports start-up.
The Rabbitohs said the club would be working on plans to release a series of digital assets via NFTs.