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When basketball players make it to the NBA, it opens a door to new opportunities such as the ability to purchase the finer things in life. After Tyronn Lue made it to the league and was drafted and traded to the Los Angeles Lakers in 1998, he made a financial commitment that he still adheres to today.
There is so much space and opportunity for today’s generation of athletes to allow their talent to open massive doors for them. For current Los Angeles Clippers player, Terance Mann, leveraging the world of web3 is taking his basketball talents to the next level. He initially wanted to learn more about the space after not seeing a lot of people who looked like him. Using his own persona to connect with Clippers fans is one skill set that Mann believes can be beneficial to other players looking for opportunities when it comes to investing and life beyond just basketball. “When you’re walking around, moving around with agents, or within facilities, you can hear people talking about what [players] are doing off the court,” said Mann. “People are investing in different things, [and] people, you know, take life in through their social media.”
The famed STAPLES Center in Downtown Los Angeles, CA — home to the NBA’s Lakers and Clippers, the NHL’s Kings and the WNBA’s Sparks — is taking on a new face. The historic sports and entertainment center, which has over 20,000 seats, will be renamed Crypto.com Arena on Dec. 25, 2021, according to arena owner AEG, ESPN reports. The Singapore-based cryptocurrency brokerage will pay $700 million over the next 20 years to AEG, the management company for the building. “This partnership is about the future,” AEG President Dan Beckerman said in a statement, according to the Washington Post. “AEG and Crypto.com not only share a vision about innovation and the future of sports and entertainment, but we also have a shared commitment to our communities where we work and live.” Founded in 2016, Crypto.com is a cryptocurrency platform with reportedly over 10 million users worldwide. Since its inception, it has bolstered its efforts to expand throughout the sports industry landing impressive...