Web3 Firm Chain Reveals Multi-Year Partnership With the New England Patriots – Blockchain Bitcoin News

Chain, a Web3 software company, announced that it has entered into a partnership with Kraft Sports + Entertainment. Kraft Sports + Entertainment is the owner and operator of New England Patriots and New England Revolution as well as Patriot Place and Gillette Stadium. Chain details that the multi-year deal will allow the company to serve as the company’s “official blockchain and Web3 sponsor.”

Chain Inks a Deal With Kraft Sports + Entertainment, Web3 Company Plans to Work With New England Revolution and the NFL’s New England Patriots

Chain, a blockchain- and Web3 company, announced Thursday that it had signed a multiyear agreement with Kraft Sports + Entertainment. The deal was led by Robert Kraft and Jonathan Kraft. The firm founded in 1998 provides operational services to the NFL’s New England Patriots, the charter club of MLS’s New England Revolution, and Gillette Stadium.

Web3 Firm Chain Reveals Multi-Year Partnership With the New England Patriots
New England Patriots, an AFC East division National Football League(NFL) team is now the New England Patriots. They were originally established in 1959 under the name of Boston Patriots. The Patriots joined the NFL in 1970. They are currently tied with the Pittsburgh Steelers in winning the most Super Bowls of any team in the NFL.

Chain is a blockchain company that is backed by Visa and Citigroup and the company recently worked with Tiffany & Co. and the Nftiff project. By working with Kraft, Chain “will work hand in hand to develop state-of-the-art Web3 experiences while utilizing Chain’s award-winning suite of products and services.”

“We are proud to partner with Kraft Sports + Entertainment to envision the future of Web3 for Gillette Stadium, the New England Patriots, and New England Revolution,” the CEO of Chain, Deepak Thapliyal said in a statement on Thursday. “Our team is excited to help Kraft Sports + Entertainment build cutting-edge experiences for stadium visitors utilizing Chain’s proprietary blockchain technology.”

Chain, a blockchain-based tech company, was established in 2014. It has received $40 million from Fiserv Capital, Citigroup, Orange Ventures, Visa, Khosla Ventures and Pantera Capital. Stellar purchased Chain in 2018 and was repurchased in 2020.

Following a series of deals in sports over the past year, Chain and Kraft Sports + Entertainment have signed a deal with Chain. For instance, in mid-April, Blockchain.com inked a deal with the Dallas Cowboys and at the end of August, the company signed a deal with the Cowboys’ star quarterback Dak Prescott.

Furthermore, NFL players have also been in on the blockchain and crypto industry in some form or another.. Tom Brady, Saquon Barkley, Russell Okung, Patrick Mahomes, Aaron Jones, Rob ‘Gronk’ Gronkowski, and Odell Beckham Jr. have either been paid in crypto, done commercials, or backed an NFT project. Murray Kohl, the vice president of sales for Kraft Sports + Entertainment said his firm has “always strived to be leaders in innovation.”

“From being the first pro sports team with a website and creating the first nightly internet show to having the longest continuously running podcast in the world, we’ve embraced the opportunities that advances in technology have presented for us and our fans,” Kohl said on Thursday. “Together with Chain, we’ll look to innovate that same way with Web3. Our fans will be able to connect with the Patriots and Revolution in ways never before possible,” the Kraft Sports + Entertainment executive added.

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Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman joined the cryptocurrency community in 2011 and has been an active participant ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for Bitcoin.com News, with over 6,000 articles on disruptive protocols.

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