News

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?

Conversation with Andreas Antonopoulos about “the other 6 billion” and need for diverse voices in crypto

In this episode, I speak with Andreas Antonopoulos, a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts.

He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdote, and historical precedent effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world.


We covered at a high level, what blockchain is and, as the first application of blockchain technology, what Bitcoin is and the history of digital cash that predates Bitcoin. We also covered how crypto is regulated by the code itself and how crypto protocols are “rules without rulers”, why Bitcoin has endured for over ten years, the difference between public systems like Bitcoin and private systems like Facebook’s LibraCoin, tokenizing real world assets and the role that cryptocurrencies will have for “the other 6 billion” people in the world who do not currently benefit from the financial status quo.

Finally, Andreas and I discussed a recent tweet storm in response to his “intentionally provocative” tweet inviting suggestions for diverse podcasts to appear on in the blockchain space after being dismayed by the number of “white, American man in finance” suggestions he’d already received to an earlier inquiry. He shared his insights on race, gender, the myth of meritocracy and what he describes as the “dominance of the mediocre” in the crypto ecosystem. In the end, he accomplished his goal. To find podcasts like Tech Intersect to engage in conversation about the past, present, and hope for cryptocurrencies and open blockchains. This episode is sure to provoke lots of thought and conversation.

Visit TechIntersectPodcast.com

It’s a virtual “early access” launch party and you’re invited!

Greetings!

The Tech Intersect™ Podcast, hosted by yours truly, Tonya M. Evans, is a new weekly show that features engaging conversations that demystify leading-edge trends at the heart of where law, business and tech intersect. 

The official launch is January 3, 2020. But I’ve prepared a soft launch for my newsletter subscribers and Advantage Evans™ members via Patreon for Friday, December 27, 2019! 

To kick off the show launch, my gift to you is “early access” to two engaging, info-rich episodes beginning Dec. 27th:

1. Bestselling author of The Memo, renowned public speaker, founder and CEO, Minda Harts (how to curate your own career, prepare “a seat at the table” and also what to leave in the past in order to succeed in the future … with bonus content at the end of the episode!)

2. Sports Illustrated legal analyst, prof. and lawyer, Mike McCann (publicity rights for college athletes, Ed O’Bannon v. NCAA, and pro basketball star Spencer Dinwiddie’s use of crypto and blockchain in sports to “tokenize” his NBA contract with the Nets)

Other upcoming guests include:

  • Andreas Antonopoulos (thought-leader and author of Mastering Bitcoin, The Internet of Money 1 & 2, and Mastering Ethereum)
  • Alan Silberberg (cybersecurity and political expert & author of Bots Against)
  • Stephanie Morillo (author of Developer’s Guide to Content Creation)   
  • Charlie Oliver (Founder, CEO of Tech 2025)   
  • Professor Chris Odinet (Bias in algorithms)
  • Stephanie Humphrey (“Tech Life Steph” tech safety tips)   
  • Anthony Ware (mental health strategies for tech founders)   
  • Shehan Chandraskera, CPA Cointracker.io, preparing your crypto taxes)
  • Alex Adelman (Co-founder, CEO of bitcoin rewards platform Lolli)
  • Anne T. Griffin (AI & Blockchain expert)
  • Dante Disparte (Vice Chair Head, Policy/Comms @ Libra, Forbes Contributor)   

Remember, virtual launch party access is available only to newsletter subscribers and Advantage Evans™ members so subscribe or join today (or both)! And be sure to share with your networks.

Get ready to LISTEN, LEARN & LEVERAGE.

Let’s SHINE on purpose. Together!

Tonya