NBA Star Spencer Dinwiddie Wants To Tokenize His Contract So That It Becomes ‘Recession-Resistant’

2019-9-27 17:48

On Sept 13th, it was reported that Brooklyn Nets point guard Herbert Spencer Dinwiddie plans to convert his $34 million contract into digital tokens. The move permits the NBA player to receive a payment as investors purchase the digital asset.

Spencer Dinwiddie can lose out on some future financial gain to pay investors. However, the […].

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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


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