Digital Assets – Crypto Currencies

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  • Spencer Dinwiddie To Tokenize His NBA Contract. A Perfect Application For Smart Contracts & More

    CryptoEnsemble   Crypto Reports 
    19 September 2019

    NBA champion Spencer Dinwiddie plans to convert his $34 million contract into digital tokens. He will receive a lump sum payment while investors will be able to invest in the contract by purchasing the digital asset. This trend will probably be followed by other athletes and opens the door to better financial management for them. Statistics show that 60% of NBA players end in financial distress within five years of leaving the league. And 78% of NFL players go broke two years after their final contract has expired. By building a tokenization strategy based on a Smart Contract, athletes could get periodic payments of their money which could last for many years after their career is over.

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