The Best Paragraph I've Read...
The Best Paragraph I've Read...
Zac & Don
What's the Best Deal? Giving Away 8% Of Your $340 Million Baseball Contract? Trading Sneakers? Collecting Digital Basketball Cards? Having Two Password Attempts at Unlocking 7,002 Bitcoin?
51 minutes Posted Mar 11, 2021 at 11:52 pm.
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The Best Paragraph I've Read:
Big League Advance uses a proprietary algorithm to project the performance and earning potential of players, in order to establish the set amount it would be willing to pay a player in exchange for each percentage point of future major league earnings that player is willing to give up.  For instance, if Big League Advance offers a minor leaguer 100,000 up front for 1% of his earnings, that player can then decide to accept 500,000 in exchange for 5% or 1 million for 10%.  A player valued as highly as Mr. Tatis could receive a couple million dollars from Big League Advance.
This paragraph comes from the Wall Street Journal.  The article is titled: "An Investment Fund Mines the Diamond."  The article is written by Jared Diamond.  You can read the article here:
https://www.wsj.com/articles/fernando-tatis-jr-340-million-investment-fund-padres-11613732572
Zac and Don talk about who is getting the best deal.  Besides talking about baseball players signing away part of their big league contract they also talk about the following ideas from the following articles:
Bloomberg
Sneakerheads Have Turned Jordans and Yeezys Into a Bona Fide Asset Class
https://www.bloomberg.com/features/2021-sneaker-investment/
The Athletic
NBA Top Shot is no joke. Could it become a crucial part of the league’s future?
https://theathletic.com/2429403/2021/03/05/nba-top-shot-digital-revenue-explained/
The Digital Art of Beeple
https://www.instagram.com/beeple_crap/
https://www.esquire.com/entertainment/a35500985/who-is-beeple-mike-winkelmann-nft-interview/
Picture of Man Binge Watching
https://www.universityofcalifornia.edu/news/binge-watching-healthy-diversion-or-waste-time
New York Times
Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html