Adam B. Levine is the managing editor of CoinDesk's podcast division.

NBA player Spencer Dinwiddie joins CoinDesk’s Zack Seward and Leigh Cuen to discuss on of the most exciting avenues towards mass adoption: tokenized contracts involving celebrities.

The idea is: Dinwiddie will offer a regulated securities investment tied to his NBA contract and performance as an athlete. A long process to get here, Dinwiddie said the NBA is a “legacy system” that pushed back on his scheme at first. Though they’ve come around to what is essentially a trial of the plan.

“The whole purpose behind this is that anyone with public to semi-public cash flows and a fan base can participate,” Dinwiddie said. “I envision a world where Kevin Hart-token can trade for a Lebron James token, which can trade for a Serina Williams token. Because we’re all our own business, each token will have its own perks attached to it.”

He mentioned dividends, future values or asymmetrical yield curves, the ability to travel with celebrities, specifically.


DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Adam B. Levine is the managing editor of CoinDesk's podcast division.

CoinDesk - Unknown

Adam B. Levine is the managing editor of CoinDesk's podcast division.