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Just saw Nets owner Joe Tsai say on Twitter that he likes cryptocurrencies—it feels kind of interesting. This guy isn’t just the vice chairman of Alibaba; he also plays in the NBA, and now he’s looking to enter the crypto circle? In 2017, Joe Tsai invested $1 billion to buy a 49% stake in the Nets, then later spent $1.35 billion to acquire the entire ownership, and he now also owns a WNBA team and a hockey team—he really does everything.
What’s interesting is that the CEO of a major exchange immediately replied, saying “I like Joe,” and then Joe Tsai invited him to watch a Nets game, even changing the home venue “The Clays” to “The Crypt”—this pun is pretty great. Kevin Durant also previously signed an endorsement deal with an American exchange, so the interaction between the NBA and the crypto world really is increasing.
Joe Tsai also mentioned last year that he wants to issue fan tokens and NFTs, and at the time he said European football teams have been doing it already. It looks like this boss is serious about cryptocurrencies, not just messing around. I wonder whether the Nets will actually launch related projects.