Narrative Watch: The Hunt for Crypto's Killer App

Published on by Coindesk | Published on

Starting today, accredited investors will be able to partake of $13.5 million 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 under-collateralized 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.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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