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The Dinwiddie Debate: Will blockchain lead to a tokenized future that unlocks new revenue opps for athletes?

By Tonya M. Evans (Nov. 6, 2019)

In September 2019, Brooklyn Nets guard Spencer Dinwiddie announced his plan to convert his employment contract into a tradable financial asset. The Atlantic first broke the story on September 12, 2019.

Market’s Insider reported:

Dinwiddie will securitize his NBA contract as a digital token, sources told The Athletic. The extension would bring him more than $34 million over a three-year period, but sales of the digital token would allow him to raise a significant portion of that sum upfront.

Sports Illustrated legal analyst and UNH Franklin Pierce School of Law Professor Mike McCann, wrote an in-depth article about Dinwiddie’s move to tokenize his contract and transform it into an investment contract represented by cryptographically-secured security tokens.

McCann aptly notes the” details of Dinwiddie’s idea are intricate and rely on terminology unfamiliar to many, explaining further that, “[t]he larger picture centers on a much more relatable concept: athletes identifying new ways to maximize their earnings during relatively short and one-injury-away-from-abruptly-ending careers.”

I added my thoughts about Dinwiddie’s application of Web 3.0 technology to a familiar desire of professional athletes to create multiple revenue streams that outlast the short span of their earning potential in the pros:

Read the full article here

We know what the NBA said. Hard pass. But what do you think? Are tokenized investment contracts for professional athletes a NO or a GO?

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Will legal ed and the practice of law pivot to meet the #neweconomy & #futureofwork?

“Lawyers aren’t going away. But the way we work is changing.”

Today’s client and, more importantly tomorrow’s client, demands that lawyers keep pace with the #futureofwork in the #neweconomy. Here’s where I think we are and where we HAVE to go.

How do you foresee this directly impacting the legal industry?

Asked by interviewer Adam Keirstead

Dean Evans

Well, there’s a really interesting move in the legal industry to prepare lawyers to have conversations with technologists in the IT department and those who are coding to leverage the existing master contracts that we have in order to figure out ways that we can automate certain functions.

Essentially, there are master agreements underneath that lawyers do, and there’s coding the coders and IT specialists do. They need to be able to talk to each other. This is an area that’s ripe for innovation on the law side.

Lawyers won’t go away, but the way that lawyers are interacting with business people, and in terms of our advice and how we work with them is going to certainly change!

Read the full transcript and listen to the original podcast with Dean Tonya M. Evans here.


tune into the Tech Intersect Podcast with Tonya M. Evans

Tech Intersect #32: Jumoke Dada-Technologists Come in All HUEs Tech Intersect™ with Tonya M. Evans

In this episode, I welcome Jumoke Dada. Jumoke is a forward-thinking individual with a proven track record for solving problems and supporting women and girls in tech and in life. Her professional career spans 15+ years and includes working in corporate information technology as an application developer, business/systems analyst, and project manager even though wasn’t drawn to STEM until college.  In addition to being a trained technologist, she has a knack for strategic marketing and a deep and abiding interest in entrepreneurship best expressed through her company, Signature RED, which provides technology and strategy consulting services. She also runs Project ALOE, a beauty drive and send-off event for college-bound girls under the 501(c)3 arm of her company, Signature RED Cares 501(c)3. And she hosts one of the best tech conferences in the world for women of color. In sum,  She and her work are some kind of wonderful.There are many gems and lessons in this episode about thriving in the tech space and in life. One of the most important words of wisdom is that you can be multi-faceted or a “late bloomer” in tech and still be right on time. Jumoke found a way to combine tech, marketing, event planning and philanthropy to create opportunities for herself and other women to connect, galvanize, and elevate together.SPONSORED BY ADVANTAGE EVANS™ ACADEMY There’s a more cost effective and time-efficient way to reach your leading-edge learning and earning goals, to put you ahead of the stiff competition to create opportunity and generational wealth in this fast-paced, tech-driven economy. You need skills. Credentials. An advantage. And I can help! I empower underestimated life-long learners traditionally locked out of tech and finance to take control of their financial futures and participate in the new digital cash economy safely, legally and confidently in a welcoming space so they can stay ahead of the curve and create autonomy, opportunity and generational wealth in the fast-paced, tech-driven world.Ready for your advantage? Learn more about From Cash to Crypto™ at AdvantageEvans.com.Guest social assets: Web: https://dadaverse.org/Social: https://www.facebook.com/jumokekdada Links: Register or Sponsor: HUE Tech Summit About HUE Tech Summit 2019 [vid]Contact:Questions and requests: hello@techintersectpodcast.com Follow: Twitter @AtTechIntersect Instagram @TechIntersect Web: http://www.TechIntersectPodcast.com  Mailing List: http://eepurl.com/gKqDyP  Rapternal Music (Regulate and The Rabbit Hole) by Notty Productions is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Produced by Tonya M. Evans for FYOS Entertainment, LLC, and Stephanie Renee for Soul Sanctuary, Inc.Support the show (https://techintersectpodcast.com/join/)
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