NBA prevents player’s plan to tokenize $34 million contract on Ethereum

NBA prevents player’s plan to tokenize $34 million contract on Ethereum

The NBA told Spencer Dinwiddie that he couldn’t tokenize shares in his three-year, $34.4 million NBA contract, on Friday, according to the New York Times. This puts a halt to his plans to put his contract on the blockchain, allowing other people to own parts of it-and profit from it too.