Kansas City Chiefs QB Patrick Mahomes Mixed Up In Crypto Biz Questions

Kansas City's favorite sports hero is one of many athletes and church leaders who confront question about a crypto biz that hasn't yet lived up to promises. 

We didn't think the report was such a big deal until we noticed that Paddy's pitch for the company was pulled down shortly after the article by Forbes was published. 

Here's fair use screen cap proof that we've seen it . . .

About the story . . .

Paddy isn't the only superstar who pitched an online biz during the crypto gold rush. 

We doubt he has much to do with this company beyond what we've seen. 

However . . . 

It's fair to note that many celebs have been endured quite a bit of criticism and a myriad of challenges after their crypto work. 

Now that the blockchain market has crashed . . . This company is under seemingly impossible pressure to live up to expectations and we doubt they'll get much help from the Super Bowl champ in the future. 

Here's the basics and a link to the story . . .

"When fundraising in 2019, the founder of crypto venture VirtualStax told potential investors his company would bring in $97 billion revenue in three years. But its tokens and its celebrity endorsers’ digital trading cards have yet to launch . . .

"The app has not yet appeared in Android or iOS (though there is a video demo of an iPhone app on virtualstax.com) and the associated website features VirtualStax cards owned by some college athletes that are available for a few cents. But Stax cards issued by celebrities like Mahomes, who began promoting the company in 2021, are not.

"Markgraaff told Forbes Mahomes was one of several Stax cards that was due to be auctioned this month. But auctions for most of the celebrities’ Stax, including Mahomes, were delayed this week for another three months."

Read more via www.TonysKansasCity.com link . . .

Patrick Mahomes, Megachurch Leaders And Celebrities Boosted Obscure Crypto Company Claiming To Be Worth $15 Billion

Like many crypto companies, VirtualStax had a surefire way to generate hype: a roster of celebrities willing to tout its blockchain-based digital trading cards. NFL Superbowl champion Patrick Mahomes, former American Idol judge Randy Jackson, Orlando Magic NBA player Wendell Carter Jnr. - they all endorsed VirtualStax's cards to their fans.

Developing . . .