Baseball team to pay players in bitcoin in world first for professional sport
An Australian baseball team became the first professional sports team in the world to pay its players and staff by bitcoins.
Perth Heat, which plays in the Australian Baseball League, will also sell merchandise, club memberships and tickets with bitcoin after partnering with cryptocurrency OpenNode payment company.
The self-proclaimed “Bitcoin Baseball Team” announced on Wednesday that it had appointed a bitcoin manager to move its corporate treasury from Australian dollars to bitcoin.
“As part of the sport’s worldwide exclusivity, Perth Heat will put Hodl Bitcoin on the club’s balance sheet,” the club said in a statement.
Perth Heat CEO Steven Nelkovski said: “We strongly believe that the mindset bitcoin brings to network participants will be felt by our players, coaches, staff and loyal fan base and we are eager to set the bar for a sport’s worth. organization can bring to a community in the age of bitcoin.
“We know the community views the Perth Heat as a model for success and we hope that our adoption of a Bitcoin standard will inspire others to embrace a monetary system that requires the creation of value to thrive.”
Perth Heat is the latest sports franchise to embrace cryptocurrency, following top sponsorship deals for Premier League football clubs and even corporate naming rights for stadiums.
The famous Staples Center in Los Angeles, home of the LA Lakers basketball team, will soon be renamed Crypto.com Arena following a $ 700 million deal between the cryptocurrency platform and the owner of the AEG site which will remain in place until 2041.
“Over the next several years, people will remember that moment when crypto broke through the chasm into the mainstream,” said Crypto.com CEO Kris Marszalek. LA Times. “The next decade belongs to crypto.”
The home of the NBA team, Miami Heat, also saw its stadium receive a crypto-themed rebranding earlier this year after a $ 135 million deal with the FTX cryptocurrency exchange. .