Why NBA Athletes Are Turning to Web3 to Build Generational Wealth

Malaysia News News

Why NBA Athletes Are Turning to Web3 to Build Generational Wealth
Malaysia Latest News,Malaysia Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Thanks to Web3, pro athletes have a chance to build generational wealth long after they hang up their cleats, RumbleKongs Co-Founder direkkt writes in an opinion for SportsWeek:

, and these initiatives are as much about financial empowerment as they are about recognition.

Forty years ago, music industry kingmaker Jimmy Iovine correctly identified black culture as a rich source of commerce-driving-influence. Iovine invested his time and money into unearthing and anointing many black, brown and or underresourced musical artists through Interscope records. A top list of them includes the late Tupac Shakur, Dr. Dre, Mary J. Blige, The Black Eyed Peas, 50 Cent and Eminem, to name a few.

Black culture is inarguably popular and drives commerce, making many corporations billions in revenue yearly while somehow leaving the source of brand identity inspiration out of the loop. Web3 technology is creating an avenue to close that gap through the empowerment of visible black culture leaders as bridges between underserved communities, underpaid industries and this emerging tech market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Athletes Are Taking Compensation in BitcoinWhy Athletes Are Taking Compensation in BitcoinForget the bear market. Right now more and more professional athletes are converting their salaries into bitcoin. digs into the growing trend for SportsWeek:
Read more »

A Stanford Graduate Raises $2M To Plug Privacy Into The Right Web3 SocketA Stanford Graduate Raises $2M To Plug Privacy Into The Right Web3 SocketAs Web3 and cryptocurrency applications mature and grow in user adoption, the privacy concerns around sharing your wallet address persist. Socket, founded by Stanford graduate Eva Zhang in 2022, is a Web3 privacy infrastructure for social interactions via crypto applications.
Read more »

Decentralized storage providers power the Web3 economy, but adoption still underwayDecentralized storage providers power the Web3 economy, but adoption still underwayThe rise of Web3 has resulted in the need for decentralized storage solutions which allow users to archive, retrieve and maintain their own data. Will they be able to break centralized web service providers' stranglehold on the market?
Read more »

Variant Raises $450M for Web3 Startups Focusing on Early-Stage ProjectsVariant Raises $450M for Web3 Startups Focusing on Early-Stage ProjectsVariant's investment thesis focuses on a new generation of Internets that turn users into owners through tokens distributed via blokchains.
Read more »

Instagram is walking back its changes for now — Adam Mosseri explains whyInstagram is walking back its changes for now — Adam Mosseri explains whyKylie Jenner gets results.
Read more »

Why so many supercars in California have Montana license platesWhy so many supercars in California have Montana license plates“I can’t believe so many customers have gotten away with this grift,” says Alex Ross, who owns Sharkwerks, a high-performance automotive tuning shop in Fremont, Calif. “No matter where in Californi…
Read more »



Render Time: 2025-03-10 12:28:37