Narrative Watch: The Hunt for Crypto's Killer App | January 13th 2020

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4.7 • 698 Ratings

🗓️ 13 January 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Starting today, accredited investors will be able to part of $13.5m in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal moment for both crypto and the larger idea of Income Share Agreements. In this podcast, we discuss how big a deal Dinwiddie’s offering is and whether Income Share Agreements could be a breakout use case for crypto. We also discuss other contenders for “crypto killer app,” including undercollateralized DeFi loans and NFT-based games. Finally, we discuss whether crypto’s actual killer app has already arrived - in the form of using bitcoin to escape local political and economic controls. Topics Discussed: Spencer Dinwiddie tokenizes $13.5m NBA contract What Income Share Agreements have to do with crypto Bitcoin’s mainstream use case isn’t mainstream See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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1:03.7	Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.
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1:12.6	Welcome back to The Breakdown. It is Monday, January 13th, and today is a narrative watch around income share agreements
1:18.5	tokenization and the hunt for crypto's killer app.
1:22.7	So this was inspired by the fact that today is the launch of Spencer Dinwiddie's tokenized bond for his NBA contract.
1:33.0	So Spencer Dinwiddie plays for the Brooklyn Nets.
1:35.7	He has been working to tokenize his contract for months now.
1:39.7	And after tons of negotiation and really kind of unfortunately a neutering of what he was going for.
1:46.2	He has been able to push forward a tokenized bond on Ethereum that represents something
1:51.7	really interesting in the context of how fans might relate to athletes and just we think about
1:57.8	the way that people participate in the success of others around them.
2:01.0	The other part of this, though, is that on this morning's Masari Newsblast, Ryan Selkis wrote
	...

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