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invest in sports stars

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Is Tokenization and Security Token Offerings the Future for Pro Athletes and Sports Stars?

Don’t look now, but professional athletes are starting to look into tokenizing their contracts. In fact, Brooklyn Nets point-guard Spencer Dinwiddie is doing just that – he’s creating a Security Token Offering (STO) secured by the terms of his contract and in effect, creating the sports world’s first digital investment. By doing this, Dinwiddie is leveraging his up-front lump sum dollar amount via his STO, which will allow him to use the money raised with his tokenization efforts to fund other investments now. Investors in his STO will receive principle and interest payments covered by the longer-term payout provided by…
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September 20, 2019