Spencer Dinwiddie, the National Basketball Association (NBA) player, has sold only 10% in his $34 million tokenized contract with the NBA. It has been reported that the token sale concluded almost one year after he first announced his intention to issue security tokens representing fractionalized ownership in his NBA contract, with each ‘SD26 Professional Athlete Token’ representing a $150,000 stake in the contract. However, the Brooklyn Nets guard aimed to sell 90 shares wor

Dapper Labs, the creator of CryptoKitties, has launched its upcoming token-powered basketball game NBA TopShot in beta. It has been reported that the game allows players to own, trade, and play with tokenized representations of key moments in NBA history, as NBA TopShot is built on Dapper Labs’ Flow blockchain. Caty Tedman, the head of partnerships and marketing of Dapper Labs, stated: “The product is meant to give fans a piece of ownership over the action that happens on cou

Blockchain is an open and distributed ledger of digital transactions, which gets efficiently recorded in a permanent and verifiable way. It stores the information blocks that are identical throughout its network. So, it cannot be controlled by a single entity and has no single point of failure. Blockchain in sports can help resolve a lot of problems that the industry is facing currently. In this 10 min read, we discussed the various area on how Blockchain improves the sports

The National Basketball Association’s (NBA) Sacramento Kings are reigning over again and will tip off a LIVE auction for gear with a blockchain-based app. On Jan. 15, the Sacramento Kings announced its new live auction platform with blockchain development firm ConsenSys. Fans can bid live on in-game sports gear and the platform reportedly authenticates auction items.https://t.co/jQqsKLS4gH — OXBC – Oxford Blockchain Foundation (@OXBCfoundation) January 16, 2020 On January 15

Spencer Dinwiddie of NBA’s Brooklyn Nets will launch his tokenized security offering in collaboration with digital securities company Securitize. The tokenized security offering will launch on Jan. 13. after reportedly settling terms with the NBA. The Spencer Dinwiddie bond launches January 13th. I’ll also be taking 8 fans to ASW with me. #NBAVote pic.twitter.com/dhXKt0qPqh — Spencer Dinwiddie (@SDinwiddie_25) January 10, 2020 Securitize also showed its support of Dinwiddie,