NBA Star to Convert His $34M Contract into a Digital Investment -

in #dlikelast year

Shared From Dlike

Tokenization is starting to penetrate many aspect of life. We are seeing the expansion into many different areas.

Blockchain and sports are well suited for each other. There are many different avenues that people can pursue.

A Brooklyn Net is taking advantage of the new technology.

Spence Dinwiddle is set to earn $34 million on his present contract. To maximize the payouts on it, he is going to tokenize his future earnings. There is no word how much of the contract he will tokenize but it is going to be a portion.

Tokenization allows a payment stream to be securitized. Dinwiddle is going to sell a future portion of his earnings for cash upfront. This will be done through a smart contract which will ensure payments made to the token holders.


Source of shared Link