The Brooklyn Nets Guard might not be able to make it rain with buckets on the court due to an injury, ACL-tear he suffered against the Charlotte Hornets last December, but is certainly making it rain with cryptocurrency off the court.
Spencer Dinwiddie, who is looking to test his fortunes in free agency, is making a fortune through his Calaxy token application by raising $7.5 million dollars.
Calaxy is essentially a cocktail of fan tokens, OnlyFans, Patreon, social media and a supercharged Cameo. Here’s how it works. for fans, you can buy tokens of entertainers and influencers and then use those tokens for direct access and perks, without the usual middlemen. For creators and entertainers, you can raise funds through those very tokens, and then use the tokens to monetize your direct engagements with fans.
‘The tech guy with a jumper’ is a long time blockchain innovator who back in 2019, suggested tokenizing his NBA contract (Although it didn’t go as planned, he eventually held his token sale in 2020).
On the other hand, Brooklyn Nets has applied for a $5.7 million grant over Dinwiddie’s injury. If given, the $5.7 million exceptions, 50% of Dinwiddie’s salary, will allow the Nets to trade, sign or claim any player for waivers for the remainder of the 2020-2021 season. Brooklyn should free up a place on the roster to add a player. Spencer Dinwiddie is expected to return no sooner than next season and is expected to be a part of the pre-season squad.