CoinDesk Podcast Network

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

As a Brooklyn Nets start tokenizes his contract, are income share agreements poised to break out as one of crypto’s killer apps?

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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

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CoinDesk

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