Budding NBA player Spencer Dinwiddie, a strong supporter of Bitcoin and an investor, said his signature shoe brand K8IROS would accept Bitcoin as payment.
In an interview with Bleacher Report, the player, who is currently with the Brooklyn Nets, said his shoe line will be released this season. Dinwiddie has been wearing the sneaker all preseason, while it will hit retail in Nets shops and on his personal site later this season. He developed the shoeline in collaboration with a company called Project Dream.
As per the report, Project Dream will give him 50 percent of all proceeds, of which 25.08 percent will go to the Dinwiddie Family Foundation, which helps underprivileged kids go to college. The deal is in contrast to the majority of other NBA players, who accept a licensing contract with Nike or other major shoe brands to release their namesake shoes.
Dinwiddie became a bitcoiner in the summer of 2017. He reportedly bought the coin for $3,000, and later sold some for around $15,000 per coin, before the digital currency's peak of $19,783 in late December.
Over time, various sportspersons and teams have shown a growing interest in bitcoin and other cryptocurrencies, giving it more legitimacy.
The Sacramento Kings became the first NBA team to accept bitcoin for ticket payment in 2014. At the beginning of this year, they installed crypto-mining machines inside their arena.
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