Brooklyn Nets point guard Spencer Dinwiddie just announced his plans to tokenize his latest NBA contract to broaden his investment options now. | Credit: Wendell Cruz-USA TODAY Sports Brooklyn Nets point guard Spencer Dinwiddie is playing a different kind of game. Last year, in a story about his love for bitcoin , Dinwiddie told Bleacher Report , “I got a lot of ideas. But I can’t give it all to you because I haven’t even started them yet.” He’s starting now. Dinwiddie, who’s been a long-time crypto enthusiast, is planning to tokenize his NBA contract. A New Kind of Contract
According to Shams Charania of The Athletic, the NBA player will convert his contract, worth $34 million over three years, into a digital token. He plans to start his own company which will “securitize” his contract into digital form and allow him to receive a lump sum payment. Charania said Dinwiddie will likely receive less than the total amount upfront. My guy @SDinwiddie_25 is turning his NBA contract into a tokenized investment vehicle. Bang Bang….Welcome to the future
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