SBF, The Weeknd Join Board of Tom Brady’s NFT Platform

FTX’s Sam Bankman-Fried, whose cryptocurrency exchange just hit a new valuation of $25 billion after a recent $420 million funding round, has been appointed to the board of directors of NFL star Tom Brady’s non-fungible token (NFT) company Autograph.

The exchange founder is joined by singer The Weeknd, SCS Financial Services co-founder Peter Mattoon and Discovery Land Company founder Michael Meldman.

“Autograph is at the forefront of the digital collectable space, and I look forward to helping them expand their capabilities,” Bankman-Fried said in a statement.

Bankman-Fried is joining the team as the industry is booming. NFT trading volume surged 700% to $10.7 billion in the third quarter of this year, CoinDesk reported earlier this month.

This isn’t the first time that the seven-time Super Bowl champion and Bankman-Fried have entered a partnership. In June, Brady and his wife Gisele Bundchen became stakeholders of FTX Trading LTD, the company behind FTX and FTX.US.

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Helene Braun

Helene is a New York-based news reporter at CoinDesk covering U.S. crypto exchanges and Wall Street. She is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks where she talked about the market. She holds BTC and ETH.

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