However, Dinwiddie decided to be direct and crowdfunded funds in advance through a guarantee contract to purchase Bitcoin. According to reports, the cost of his Bitcoin was only about 8,000 mg, and the return rate so far is at least 5,00%. Judging from the annual salary, it is already The leader of the NBA has completed a "counterattack off the court" just by investing in cryptocurrency.
In addition to the contract, Dinwiddie also founded Calaxy, a web3.0 creator encryption application platform with Wall Street tycoon Solo Ceesay, and received US$7.5 million in financing in July 2021. Calaxy also has a native token CLXY. Calaxy combines Dinwiddie’s own experience to allow content creators, artists, internet celebrities, singers, etc. to issue NFTs and tokens. On the one hand, it allows the initiators to make profits;
Fans can invest in projects, including Dwight Howard, Andre Drummond and CJ McCollum, who have launched projects on Calaxy.
"I believe decentralization will be the future trend. Calaxy focuses on converting influence and portrait rights into tangible assets for creators, KOLs and celebrities. The intersection of web3.0 and decentralization can completely change fan engagement. , including direct dialogue, communication or interaction so that both parties can have a closer experience." Dinwiddie said, "Now in the era of Internet empowerment, people are increasingly interested in figuring out how to make money through self-expression, including Reddit. , Onlyfans, Cameos and Youtube, but except for the top celebrities, even those who are famous will face difficulties in making money, and Calaxy is trying to help them.”
However, Dinwiddie did not persuade his teammates to join the cryptocurrency market. "He would explain cryptocurrency and NFT to us." Aaron Holiday said, "I would listen to him, but I just didn't have much interest."
Dinwiddie hopes to arouse everyone's interest, but he can do some research before discussing and discussing together. "I don't want to say directly that investing in cryptocurrency is correct. Some people even say that Spencer caused me to go bankrupt." Dinwiddie said, he I believe that everyone’s cash flow, asset status and investment philosophy are different, especially when too many people see many cases of getting rich overnight in the currency circle, which makes too many people think that they can pursue multiple times in the short term just by coming here. Rate of return, "Most people only see a bright and beautiful dream, and want to invest their life savings and all their assets. However, they never thought that behind these young coin gods, there are many people's dreams piled up by bankruptcy."
Dinwiddie, who has rich investment experience, understands the importance of long-term investment and patience in investment. For example, he did not choose Harvard University at that time, but went to the University of Colorado. He originally wanted to go to college in two years, but he did not expect to go to college because of his ACL injury. The junior year also caused me to slip from the expected first round to the second round. "There are many things in life that go against my expectations, but I insist on doing what I am good at and remain patient. Many experiences have taught me that only by adhering to your ideas can you suffer first and then be happy, no matter what Is it basketball or investing?”
But he was surrounded by people who were too young and wanted to enjoy the dream of getting rich suddenly. Dinwiddie didn’t want them to invest even though they knew that the cryptocurrency market had the characteristics of sudden ups and downs. Especially since they might have to compete together for a long time, there would still be opportunities in the future. When different teams get together, "I will tell them the risks and basic knowledge here, but I will not tell them specifically what targets to buy. If you have research or interest, you will naturally come to me to discuss it."
Although the NBA rejected Dinwiddie's innovative contract tokenization in 2019, Dapper Labs collaborated with the NBA in 2020 and launched the NBA Top Shot digital player card, which was a great success and has brought in at least more than $500 million in sales to the NBA. Well, it has also been evaluated as having the opportunity to become one of the top three earners in the future, and Dinwiddie is also one of the early investors of Dapper Labs.
Until 2021, the NBA is most willing to embrace cryptocurrency and blockchain. Mark Cuban, the owner of the Mavericks, is also a supporter of cryptocurrency and has also completed a cash flow connection with BitPay, the world's largest cryptocurrency payment company, so that it can be used around the world. Bitcoin is used to purchase tickets or goods across borders; Stephen Curry became a global ambassador and investor of the exchange FTX, Crypto.com signed a 20-year agreement with Lakers home owner AEG, and officially changed the name of Staples Center to Crypto.com Arena , the Miami Heat also officially announced that FTX has obtained the exclusive naming rights for their home stadium for the next 19 years, and the original American Airlines Arena has been renamed FTX Arena. In addition, cryptocurrency-related companies including Coinbase and NYDIG have become sponsors of the NBA.
"I won't say, 'I told you so'. Time will tell us the trend. Now Top Shot is super hot, and my investment in Dapper Labs has probably doubled several times." Dinwiddie said, "So I believe that I With my vision, everything is under my control.”
