For my second story, I want to talk about what Brooklyn Nets guard Spencer Dinwiddie is trying to do with his contract, which is essentially tokenize it and sell shares to the general public. In recent days, the NBA has blocked him from doing so, so it’ll be interesting to see what he does. The idea behind this is to essentially turn his contract into an investment vehicle, allowing fans and investors to buy into his contract and make money if he gets a higher next contract. I still have to do some reading into this topic as I don’t fully understand the details of this investment vehicle, but as a massive sports fan and someone very interested in financial services, blockchain, and fintech, this is a fascinating development.

I’m a member of the FinTech Club here at Wake Forest, and I was planning to ask both members of the club, who have a strong knowledge of cryptocurrencies, as well as other Wake Forest students and sports fans who may not know as much about this topic about what they think. It will be interesting to see if this idea catches on and becomes mainstream.