Spencer Dinwiddie to Tokenize His NBA Contract; Pro Athletes Should Follow Suit

2019-9-20 18:00

On September 13th, CCN reported that Brooklyn Nets point guard Spencer Dinwiddie plans to convert his $34 million contract into digital tokens. The move allows the NBA player to receive a lump sum payment as investors purchase the digital asset.

Spencer Dinwiddie will lose out on some future income to pay investors. However, the lump […]

The post Spencer Dinwiddie to Tokenize His NBA Contract; Pro Athletes Should Follow Suit appeared first on CCN. com

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NBA Star to Convert His $34M Contract into a Digital Investment

An NBA basketball player for the Brooklyn Nets, Spencer Dinwiddie, is converting his multi-million dollars contract into a digital token investment vehicle, according to The Athletic’s sources. Dinwiddie To Securitize NBA Contract The disruptive effects of cryptocurrencies and blockchain technology are permeating all industries and sectors, including the world of sports.

2019-9-14 22:18