Rumors broke yesterday that sure-fire Hall of Fame quarterback Tom Brady was going to hang it up after 22 seasons, 7 Super Bowl wins, and countless other records. Now since the rumors broke both his father, Tom Brady Sr., and now it appears Brady himself has cast immense doubt on if he has decided to hang it up or not. One thing that caught my attention by this sudden decision was that it was not that long ago Brady's newest endeavor crushed a fundraising round.
Typically when an athlete retires it is always iffy on if they can make the financial transition to retirement. Tons of athletes who have made tens if not hundreds of millions of dollars have lost it all but with Tom Brady, it is extremely unlikely. My reasoning for this is because well he isn't even the breadwinner for his household that title goes to his wife Supermodel Gisele Bündchen. Brady though is already planning for life after football and that would be via the NFT Agency he founded.
Tom Brady is the co-founder of Autograph which was founded to serve a very niche role that until its founding was not filled. The agency is designed to be a go-between for celebrities athletes and entertainers to navigate the NFT space. When you think about it sports agents are not equipt to deal with this rapidly emerging sector. Rather than these agents agencies having to bring people inhouse right now to try and deal with it they can outsource it to Autograph to help guide them. This also allows for celebrities and athletes to have some autonomy from their agents and be able to chose what they want when they want from this agency.
With the NFT sector taking off as it has it should not be surprising to hear that Brady's agency raised $170 million from Andreessen Horowitz among others. The roster that Autogrpahs has already established is industry leading as well and encompasses several sports including Tiger Woods, Tony Hawk, Derek Jeter, The Weeknd, Simone Biles, and even Wayne Gretzey among others. An important thing to note is how these people have trancended the sports or industries that they initially were in! All of the sports players are known for other things and The Weeknd is an all around known celebrity beyond jsut his singing now!
This funding amount is huge monitarily speaking, but also who it is coming from. Andreessen Horowitz is a huge venture capitalist in the space and has immense resources to help guide and launch an agency like this. It will be interesting to see if different sports agents partner with Autograph to help guide or if atheles come independently to them. Bringing specially curriated athlete NFTs to fans can really help encourage fan engagement and facilitate future generations!
Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_
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