The latest evolution in pro basketballer Spencer Dinwiddie'due south efforts to tokenize his NBA contract has seen the star launch a Gofundme campaign in an attempt to raise the greenbacks equivalent of the two,625.8 Bitcoins (BTC) — worth roughly $24.6M at time of writing.

Dinwiddie launched the campaign, oddly titled 'Dinwiddie X BTC X NBA', to purportedly affirm his "delivery to [his] previous tweets" that offered his fans the opportunity to choose which NBA team he would go to in exchange for the value of his contract in Bitcoin.

Dinwiddie abandons crypto campaign, wants greenbacks instead

However, the new entrada is requesting the greenbacks equivalent of the BTC he previously asked for — giving the $24.63 million fundraiser little relation to Bitcoin.

If unsuccessful, Dinwiddie claims that 100% of the coin raised will exist designated to an undisclosed charity.

Since launching the campaign roughly xi hours agone, Dinwiddie's bizarre fundraiser has raised $690 from 65 donors.

Sporting organizations tokenize athletes

During September 2022, Dinwiddie kickoff announced his intention to tokenize his so-reported $34 1000000 NBA contract extension — however, the offer was framed as an opportunity for investors to receive principal and involvement.

While many sporting organizations have sought to constitute partnerships with crypto firms to offer gamified tokenized representations of stars to fans in recent months, few initiatives appear to have taken off.

Final month, billionaire investor and owner of the NBA'south Dallas Mavericks, Mark Cuban, revealed that since relaunching Bitcoin as an option for fans to purchase tickets and trade in August 2022, the team has taken in a measly $130 in BTC.