The New England Patriots are in their post-Brady era, and as the NFL season gets into full swing, so too does the Patriots’ partnerships team. The club has locked in a new deal with NFT software firm Chain this week. Let’s look at the details of the deal, and what we can expect to see as the partnership comes to life in the months ahead.
The Patriots & Chain: What The Deal Looks Like
The press release hit the public earlier on Thursday, and outlined a new partnership between not just the Patriots, but controlling holding company Kraft Sports + Entertainment. That means that the sponsorship deal with Chain will encompass the Patriots along with other Kraft properties, including the MLS club New England Revolution as well as Gillette Stadium and nearby shopping center Patriot Place.
Kraft’s VP of sales, Murray Kohl, echoed a sentiment seen throughout the press release: the company was present at the emergence of ‘web2’ and desires being just a present for the early stages of whatever ‘web3’ brings us. Kohl cited their web2 wins, from being the “first pro sports team with a website” and beyond. The release went on to proclaim that “with Chain, we’ll look to innovate that same way with their cutting-edge blockchain technology.” Chain is focused on blockchain infrastructure and generally offers blockchain-related services under a SaaS model.
Some outlets have reported a rumor that the team has also purchased ENS domain patriots.eth for 75 ETH as part of the deal. However, we were unable to confirm the veracity around that claim.
The Patriots’ Positioning
The club is clearly showing a desired interest to play in blockchain technology – we’ll see how it plays out with Chain.
Chain’s newly launched token, XCN. Source: XCN-USD on TradingView.com
Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
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