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NASCAR Fans Unhappy as Team Penske Announce Partnership with Tom Brady’s NFT Platform, Autograph

Published 04/13/2022, 5:55 AM EDT

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USA Today via Reuters

Earlier, the Team Penske organization announced a new partnership. Together with the Indianapolis Motor Speedway and IndyCar, they are tying up with Autograph. This is a brand that NFL living legend, Tom Brady, co-founded. However, not many fans were too thrilled at the news.

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This reaction had nothing to do with Team Penske or Tom Brady himself. Instead, most of the ire was directed toward the product that Autograph was selling. To be precise, no one liked the idea of NFTs, which is what Autograph is selling. It is also worth mentioning that Autograph has also tied with Dale Earnhardt Jr.

Admittedly, some tried to defend the partnership. As per their justification, it will help the sport grow and get more popular. At the same time, it will help the sport make money. However, the naysayers continued to insist that NFTs are nothing but scams, and will be detrimental to the sport’s popularity.

What else did the fans say about the Team Penske deal?

All in all, the general attitude towards NFTs was rather negative. However, many NASCAR drivers seem to be quite taken with the cryptocurrency wave. In 2020, there were several cryptocurrency companies sponsoring NASCAR teams. Last year, Xfinity driver Landon Cassill revealed that he would take his wages in cryptocurrency.

Even the likes of Denny Hamlin and Hendrick Motorsports expressed an interest in going in the NFT direction. Suffice to say, the fans were not too happy about that either. None of them appreciated that many celebrities think that NFTs are going to be the next big thing in the world.

For them, a better investment is something that can be physically held in the palm of one’s hand. They all still maintain that, not only is it a scam, but it could result in losses for the teams and drivers.

“This is Trash” – NASCAR Fans Outraged as Hendrick Motorsports Teases a Shift to NFTs

For example, they cited Odell Beckham Jr, who also elected to have his salary paid in cryptocurrency.

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Unfortunately, calculations revealed that he would undergo a loss. As a result, fans are worried that this newfound craze for NFTs could be financially detrimental for everyone.

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Written by:

Dhruv George

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Dhruv George is a senior Motorsports author for EssentiallySports, having authored nearly 12000 articles spanning different sports like F1, NASCAR, Tennis, NFL, and eSports. He graduated with a PG Diploma in Journalism from the Xavier Institute of Communications. Dhruv has also conducted interviews with F1 driver Pierre Gasly and Moto2 rider Tony Arbolino.
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Edited by:

Vibhanshu Kumar