Spencer Dinwiddie becomes first NBA player to convert $34M contract extension into digital currency offer
Robots, flying cars, and digital currency, all of the things we watched in Sci-Fi movies growing up is now becoming a reality. Brooklyn Nets super sixth man Spencer Dinwiddie is becoming a trendsetter by planning to tokenize his three-year, $34 million contract extension he received this offseason by selling digital currency tied to it.
The Nets guard is offering the chance for investors to receive principal and interest.
The NBA is slowly embracing crypto-currency as Mavericks owner Mark Cuban has been a big proponent it and his franchise became the second to accept Bitcoin (BTC) for its merchandise.
It's still a volatile commodity that investors and the general public are still warming up to. By Dinwiddie doubling down and converting his mega-extension to digital currency, it is a potentially high-risk, high-reward scenario. Depending on how things play out, you can expect to see other athletes follow in suit if this is successfully employed.
