Source: Business Insider
The NBA is reviewing Brooklyn Nets player Spencer Dinwiddie’s updated plan to turn his contract into a tokenized investment vehicle, Bloomberg reported Monday. Dinwiddie announced in a January 10 Twitter video that the digital bond would be released on January 13, and that if fans vote him into the NBA All-Star Game and fulfill his token offering, he’d give his teammates bitcoin. The player also revealed he’d take eight token-holders to the February game as “part of the Spencer Dinwiddie experience for token holders” if he’s voted in. Visit the Business Insider homepage for more stories . The NBA is reviewing Brooklyn Nets guard Spencer Dinwiddie’s revised plan to convert his contract into a digital investment vehicle, Bloomberg reported Monday. Dinwiddie is looking to tokenize his contract and take an upfront payment, The Athletic first reported on September 12 on last year. The digital token would allow Dinwiddie to trade future income for a smaller payment and invest the sum immediately.