As Wilson Chandler points out, despite being an NBA star with more than a decade of professional career and nearly $80 million in career earnings, the 6’8 combo forward still made his debut in blockchain in the same way as enthusiasts People do: Trading shitcoins.
Chandler told Cointelegraph that he first heard about crypto in 2017 from some “kids” who played with Fortnite. Fascinated by his stories of turning modest sums into legitimate holdings, he is eventually invited to his Chicago home for a crash-course. Setting up wallets and using exchanges.
From there, the record is completely on-chain: according to a look at his Etherscan address, his initial investment strategy was little more than spray-and-pray.
“From there I bought coins – bitcoin, ETH, Stellar – bunch of crap just playing around, learning. Lost a bunch of coins doing silly things like pump and dump companies, nobody knows better.”
Like many of Evolution’s descendants, he relied on a network of friends for information. As he explained on a recent episode of the NFT collector podcast Club Top Shot, an enthusiastic friend of his had talked him into a pump-and-dump scheme out of Amsterdam – a scam that cost him a significant bitcoin position. friend? The late, legendary rapper and activist Nipsey Hussle.
“I think about that shit all the time,” he said with a laugh.
However, he told Cointelegraph that those initial stumbles have now paved the way for what could be a second act for the former star.
“Experience is the best teacher they say.”
Second act and sneaker deals
As a basketball player, Chandler has a great resume. For years they could be relied on for strong 13-5-2 state lines, playing primarily for the fearsome Denver teams that made the playoffs twice—including an all-time great hipster team in the “Nuggets”, the Nuggets and A collection of Knicks players gathered in the wake of the Carmelo Anthony business.
However, signs point to the end of Chandler’s playing days. He’s been on three teams over the years, crashed out of the “bubble” playoffs last year, and most recently played for the Zhejiang Guangsha Lions—a stop in China that can often signal the ultimate storm for a pro player. is. While he has said in interviews that he had offers on the table for NBA teams including playoff contenders this year, he is looking towards eventual retirement.
If some of his recent investments are any indication, crypto and NFT collections could play a major role in what comes next for the former star. In addition to opening a medical marijuana dispensary, he is starting to become a knowledgeable NFT collector and is working to get himself into the space.
Last month he revealed that he had become a proud cryptocurrency owner, having transformed his avatar into a staggeringly expensive collection of pixels. This was a surreal moment for many longtime NFT collectors, and a source of validation for fans who hoped for mainstream adoption in an ugly bear market.
— wilson chandler (@wilsonchandler) April 10, 2021
A few weeks later, he announced A neat, possibly first-ever “digital shoe deal” in collaboration with NFT company CryptoKitties. Basketball stars sign footwear deals with major brands is nothing new, but CryptoKitties designs one-of-a-kind streetwear-inspired footwear for virtual worlds like Cryptovoxels and The Sandbox — a use case that can serve as major fashion trends. and apparel brands they have been watching for a long time. For the time being, Chandler now has the best virtual ‘gear’ of any NBA player in the metaverse.
Currently, however, his true passion is the Z run. The Polygon-based collectible horse racing and breeding sport has garnered significant attention due to the growing popularity and eye-watering rare, ‘Genesis’ breed horses can bring to collectors and racers. For Chandler, it is the social and educational factors that attract him.
“It’s a fun way to learn space, get out there, explore, engage communities. Fuck, I can breed and race digital horses and fuck with friends and meet new friends.” It’s just fun throughout the space. And that conversation and engagement sometimes leads to new opportunities and other things I can find just as fun and profitable.”
Helping her learn the ropes are some high-powered, largely unnamed whales she’s met through chatrooms and networking. Like many traders and collectors, he found the private community to be the ideal way to corner the ‘Alpha’, and he has also gotten into some partial ownership deals for rare horses – including one with a “Jake”. Including the horse stable agreement, which works with Dallas. The venture capital organization of Mavericks owner Mark Cuban.
“I’ve been in some incredibly private group chats with some of the major players and they’ve been brimming with information and suggestions. Definitely makes it easier for me to open up and have the confidence to ask the simple/dumb questions I need to learn. So I am grateful to them. They have certainly embraced me with open arms in such a short span of time.”
It’s the kind of excitement that many investors feel in the middle of their first or second bullrun—the realization that, once you learn the ropes, there’s a vast, thrilling, and potentially profitable range to explore. is:
“I’m having fun, but while I’m at it I’m making an investment and building/making property with a tremendous boom.”
influence and culture
Chandler isn’t the only basketball star dabbling in NFTs. In recent weeks, young players such as Josh Hart, Tyrese Halliburton, and Rookie of the Year LaMello Ball have begun collecting, with LaMello flourishing especially under the tutelage of collector-whale pranks.
— melo (@MELOD1P) 6 June 2021
Ball is now a great shitposter on Bored Ap Yacht Club Discord servers with hundreds of messages laughing at memes and speaking digital bonsai.
Given the success of NBA Top Shot, the acquisition of the NBA/NFT should not be surprising. The Dapper Labs product, which turns basketball highlights into collectible “moments,” has been a smash hit, selling thousands of highlights and garnering Dapper a valuation of upwards of $7.5 million.
Chandler believes this may be the start of a trend — NBA players have a long history of serving as tastemakers and arbiters of what is a hip, after all. And in the NFT, they now have a rapidly evolving technological and cultural movement that in some ways reflects the nature of modern sport, increasingly defined by absurd athleticism and speed.
“The NBA has always been more progressive than most leagues in my opinion,” Chandler said. “And it’s fast-paced, non-stop action – especially the way the game is played now. You can’t find it anywhere else. Guys are a lot more athletic than they used to be, the boys’ range is crazy and the guys are so beautiful these days.” So I can see why fans and players are attracted to NFTs. It’s fun and exciting, and they’re making money off this stuff.”
BAYC or Meebits? which do you like more? And why?
— wilson chandler (@wilsonchandler) 8 May 2021
The range of players’ participation in the space is wide. Chandler noted that in addition to collecting NFTs, a number of players have made angel investments in blockchain companies, including early plays at Dapper and Coinbase. He thinks that eventually the NBA itself will come to experiment with the technology, calling it a “no brainer for them”.
However, it is still the early days of NFTs. He points to the former Brooklyn Nets teammate as “the leader in the NBA when it comes to blockchain in general”, as Dinwiddie’s effort to tokenize a portion of his contract has prompted the league to “sit down and take notice”. was forced to.”
This trailblazing effort from Dinwiddie was just two years ago, says Chandler, and yet both technology and adoption have moved on — a sign that NFTs are just getting started with their push mainstream.
“We’re in the Atari stage – just wait until we get the Playstation 5.”