Matai Tagoa’i, a talented young football player, has decided to receive part of his payment in Bitcoin
$97,406.71
.
Following in the footsteps of professional athletes like Russell Okung and Odell Beckham Jr., Tagoa’i is adopting this payment method as part of his “name, image, and likeness” (NIL) deal with the University of Southern California (USC).
Tagoa’i will receive a portion of his NIL earnings through the Strike app. Other college athletes have earned payouts under similar agreements. For example, Shedeur Sanders reportedly received up to $4.7 million for his NIL partnership.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
Paper Hands vs Diamond Hands: Crypto Slang Explained (ANIMATED)
Tagoa’i noted that the deal is a game-changer. He stated, “By taking part of my NIL earnings in Bitcoin, I’m setting myself up for long-term financial growth”. He added:
I’m proud to be part of this innovative collaboration that’s redefining the future of college athletics and finance and hope to set an example for other young athletes to think about their financial future.
NIL deals allow organizations to use an athlete’s name, image, or likeness in various ways, such as on merchandise, in video games, or for brand endorsements. These deals have created new opportunities for athletes to monetize their personal brand while still in college.
As athletes like Tagoa’i embrace Bitcoin, cryptocurrencies continue making waves in other sports arenas. Recently, Crypto.com sponsored a golf tournament, offering a $10 million prize pool in its native Cronos token. Could this sponsorship bring excitement to golf players? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
