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World’s First Olympic Athlete Paid in Cryptocurrency

Adam James · February 11, 2018 · 10:00 am

Canadian velocity skater Ted-Jan Bloemen has develop to be the first Olympic athlete to be paid in cryptocurrency, following a care for 2 new technology corporations. A ‘entire new frontier’ For the first time in historic previous, an Olympic athlete has been paid in cryptocurrency. According to CNN, Canadian velocity skater Ted-Jan Bloemen — a double worldwide report holder — has signed a one-year sponsorship look after cryptocurrency-focused social group onG.social, in addition to agreeing to phrases with

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Canadian velocity skater Ted-Jan Bloemen has develop to be the first Olympic athlete to be paid in cryptocurrency, following a care for 2 new technology corporations.


A ‘whole new frontier’

For the first time in historic previous, an Olympic athlete has been paid in cryptocurrency.

According to CNN, Canadian velocity skater Ted-Jan Bloemen — a double worldwide report holder — has signed a one-year sponsorship look after cryptocurrency-focused social group onG.social, in addition to agreeing to phrases with digital truth developer CEEK VR.

Olympics

According to his agent, Bloemen is exploring a “whole new frontier” referring to Olympic athletes funding their pursuit of fine fortune, by way of accepting cryptocurrency as a kind of payment. He outlined:

This is definitely an entire new frontier. It will probably be thrilling to look how cryptocurrency can work for Ted-Jan, in particular, however in addition the have an effect on it will have on the sport promoting commerce as an entire.

Bloemen’s deal is reasonably easy. In commerce for documenting and sharing his Olympic journey on onG.social and starring in a 360° digital truth take pleasure in with CEEK VR, he’s compensated in cryptocurrency.

CEEK VR founder and CEO Mary Spio sees large doable for sports-focused digital truth studies, and is thus glad to have Bloemen on board, explaining:

Bloemen’s reinforce for cutting-edge utilized sciences is reflective of his proclivity for pushing the bounds. We think about Virtual Reality isn’t merely good for our goal market (Ceekers) nonetheless will in the top be used for teaching and maximizing participant effectivity and doable.

Bloemen himself could also be stoked to be on the vanguard of latest technology and new payment methods.

It’s worth noting that Bloemen isn’t handiest paid by way of the corporations in cryptocurrency, alternatively. He moreover received some cash, explaining:

For me, the precise probability of not getting the rest isn’t there, on account of I got barely (cash) out of it already. And that combination makes this sponsorship truly amusing, correct. Because we’re going to help each totally different. I’m seeking to get them barely additional publicity to trigger them to achieve success, and that may help all folks, correct.

According to CoinMarketCap, onG.social (ONG) has an entire market cap of $6,322,255 on the time of this writing.

Like the cryptocurrency market, Bloemen isn’t any stranger to controversy. After breaking Sven Kramer’s 10-year-old 5,000m worldwide report by way of 1.5 seconds, Bloemen notoriously smashed the world’s label displaying his former teammate’s establish and time.

Do you suppose Bloemen is on the vanguard of an entire new frontier of athletic sponsorships, or is his look after onG.social and CEEK VR little larger than a publicity stunt? Let us know in the suggestions underneath!


Images courtesy of Shutterstock, Twitter, and Bitcoinist archives

CanadaOlympic GamesPyeongChangSouth KoreaSpeed Skating Show suggestions

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