Spencer Dinwiddie of the Brooklyn Nets basketball team is planning to tokenize his $34 million NBA contract extension. The Three year $34 million NBA contract extension, Dinwiddie is reportedly going to sell digital tokens tied to the contract, wherein investors in the offering would receive principal and interest. This is a bold and interesting move…
Concept of Tokenization: Tokenization involves converting assets like property, art, or cars into smaller parts, represented as tokens, allowing these assets to be bought and sold like shares in a company. Accessibility to Investment: By splitting a high-value asset into smaller, affordable tokens, tokenization enables a broader range of investors to participate in markets previously…
Asset Tokenization Fundamentals Fundamental Innovations in Crypto: The core innovations enabling the tokenization of everything, including open, immutable record-keeping, transaction processing, and secure computation systems, which form a new fundamental infrastructure layer of the internet. Circle’s Role and Products: Circle, a financial company built on crypto infrastructure, offers various products like Circle Pay, Circle Invest,…
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