Spencer Dinwiddie is a professional basketball player who currently plays for the Brooklyn Nets of the National Basketball Association. From an early age, he aspired to be a professional basketball player, and in 2013, he enrolled at the University of Colorado, Boulder, where he played basketball and studied communications. He was chosen by the Detroit Pistons in 2014 and traded to the Brooklyn Nets in 2016.
He first heard about cryptocurrency from a friend in 2014, but he passed up the chance to invest in Bitcoin because he thought it was too dangerous. In 2017, he finally joined the Bitcoin bandwagon and began investing in cryptocurrencies. He describes himself as a "tech guy with a jumper" and has become very active in the crypto and blockchain world.
He made news in the fall of 2019 when he stated that his $34 million NBA contract deal would be tokenized. Despite initial resistance from the NBA, he successfully tokenized the contract on the Ethereum blockchain in January with the help of digital securities firm Securitize, selling $1.35 million worth of shares.
He teamed up with crypto lending platform Cred in March to advertise the service, which gave consumers a 10% annual interest rate on stablecoin holdings. He announced the introduction of Calaxy, a blockchain-based mobile platform for influencers and content creators, in late 2020. To power validation nodes and enable staking on the Polkadot and Flow blockchain networks, the platform will collaborate with blockchain infrastructure service provider Bison Trails.