Frederik “NoWay” Hinteregger is one of the biggest German streamers on Twitch and is completely dedicated to the MOBA League of Legends. In a stream, he talked about the most lucrative offer he has received so far and explained why he is glad he did not accept it.
What was the offer? In a stream in mid-March, NoWay explained that the crypto exchange FTX had offered him 2 million euros for a one-year advertising deal. However, he can count himself lucky for not having accepted it back then.
Why can he count himself lucky? The streamer brought up the topic when he read a headline: YouTubers who had advertised for FTX were sued in a class action for 1 billion dollars in damages (via Twitter).
NoWay has been playing LoL since Season 1 and can rightly call himself a true veteran. Can you?
What is FTX all about? FTX was a crypto exchange founded in 2019 by Sam Bankman-Fried. It quickly became a huge success, and Bankman-Fried was regarded as a star of the crypto scene, a brilliant businessman who casually played LoL in meetings.
FTX spent huge sums to secure advertising partners: American football star Tom Brady appeared in a commercial for them. The esports organization “Team Solo Mid” rebranded to “TSM FTX” for 210 million dollars.
However, in 2022, the house of cards collapsed: FTX had to file for bankruptcy. Bankman-Fried is now under house arrest at his parents’ home and is not allowed to play LoL anymore.
NoWay thinks he is doing well enough
Why did NoWay decline the deal? A viewer of the streamer writes that he admires his attitude. But with 2 million euros, one could easily be tempted. However, NoWay sees it differently and advises against entering into deals for which one lacks background knowledge.
You have to stay strong. If you don’t understand crypto – and there are so many scams in the crypto area – you have to stay strong. You never know how many lives you ruin just so that you feel a little better. I’m already doing well, you know.
The deal with FTX was the biggest offer that had been presented to him so far. There was also an offer from a casino when gambling was so big on Twitch. Even that could not compare to FTX.
Besides moral concerns, there is another reason why NoWay turned down the offers from FTX and the casino: they were very uncertain offers. Whether he would actually have received the money in the end, he considers “very unlikely.”
You can watch a video recording of the stream here:
How is it received? Extremely positive. In the comments on YouTube, NoWay is praised for his integrity and reasonable attitude towards money. YouTube user Zino sums it up: “Just a cool dude.” (via YouTube)
NoWay can obviously live well with his decision to have turned down the million deal. Others cannot say the same. The streamer Sodapoppin’ still regrets a dubious deal worth 10 million dollars that he turned down in 2019.
Twitch streamer regrets turning down a multi-million dollar deal: “It keeps me awake at night”
