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:
Several other blockchain educators and I were interviewed recently for a recent CoinDesk article about the exciting emergence of blockchain and crypto courses at Historically Black Colleges and Universities.
With many programs being only a couple years old, few schools have dedicated blockchain courses, even as students from blockchain groups have started to teach themselves. But efforts are mounting, according to educators contacted by CoinDesk, with many universities looking to deepen their relationships with the crypto industry.
If you’ve known me for more than three years, then you know that a few years ago, I was on the crypto sidelines. I mean I barely knew what it was and believed all the misinformation … just for drug dealers and money laundering etc.
But I educated myself, found my lane and the rest is history and the future! Now I am excited to share what I’ve learned with women like me who want to get into the game.
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HOW CRYPTO COMPARES TO DOLLARS, STOCKS & FOREIGN CURRENCIES: explore the similarities and differences
HOW TO SET UP A WALLET IN 10 MINS: different types of wallets and steps to create a wallet
HOW TO CONVERT DOLLARS INTO CRYPTO: how and where to buy and earn bitcoin and other cryptocurrencies
HOW TO MAKE CRYPTO-TO-CRYPTO TRADES: learn about the different exchange platforms and how to exchange Bitcoin for other cryptocurrencies
HOW TO EARN CRYPTO: even if you’re not paid in crypto you can earn it while learning and shopping online
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