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:
Forward-thinking CIOs attend the IBM Cloud and Innovation Forum to keep their fingers on the pulse of the future. An essential part of a chief information officer’s duties includes researching new technologies, developing strategies about how technology can provide business value and addressing the risks associated with digital information. TechTarget
That is what I will focus on in this presentation, empowering C Suite executives to educate,engage and evolve in order to remain on the leading edge of industry. Today we focus on three areas: smart contracts, the state, federal and global legislative and regulatory landscape, and intellectual property issues in blockchain.
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