Spencer Dinwiddie from the Brooklyn Nets skilled basketball group is claimed to be planning on token his $ 34 million NBA contract extension.
After an $ 34 million NBA contract extension for 3 years, Dinwiddie is claimed to be promoting digitally Coins sure to the contract, whereby traders would obtain principal and curiosity within the supply, Fox Enterprise reported on September 14.
NBA progressively embraces crypto
Dinwiddie subsequently joined different NBA gamers who have been concerned with digital currencies. In August, the Dallas Mavericks became the second NBA group that accepts Bitcoin (BTC) as cost for competitors tickets and merchandise. Again in 2014, the rivals of the Mavs, the Sacramento Kings, became the primary NBA group to simply accept Bitcoin for promotional merchandise and tickets.
Additionally that month, the NBA and the affiliated union – the Nationwide Basketball Gamers Affiliation – partnered with Dapper Labs or CryptoKitties fame to launch a brand new crypto assortment recreation. Followers are mentioned to have the ability to gather reside photographs from NBA video games that may then be utilized in a sure capability to construct a aggressive roster for the sport.
The opposite facet of the coin
With the elevated acceptance of digital currencies, some athletes have change into concerned in cryptocurrency-related schedules. Mid August information broke that legendary American skilled boxer Mike Tyson was the peak a brand new blockchain-based leisure platform for hunters referred to as Struggle to Fame.
Tyson then nevertheless denied the information and claims that Struggle to Fame is a fraudulent program.
Earlier this yr the Securities and Change Fee of the US fined American boxer Floyd Mayweather and music producer DJ Khaled for selling Centra Tech & # 39; s first coin providing on social media. The overall quantity to be paid by DJ Khaled was $ 152,725, whereas for Mayweather it was $ 614,775.