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Spencer Dinwiddie is the first athlete to be paid in crypto for a sponsorship after partnering with Celsius

BROOKLYN, NY - December 13: Spencer Dinwiddie #26 of the Brooklyn Nets shoots a free throw against the Washington Wizards during a preseason game on December 13, 2020 at Barclays Center in Brooklyn, New York. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2020 NBAE (Photo by Nathaniel S. Butler/NBAE via Getty Images)
Nathaniel S. Butler/NBAE via Getty Images

Brooklyn Nets guard Spencer Dinwiddie will be the first athlete to be fully paid in crypto for a sponsorship. Celsius announced Wednesday that Dinwiddie would be partnering with them. Celsius is a leading global cryptocurrency yield-earning platform. The partnership will primarily focus on cryptocurrency education and building awareness of Celsius’ mission: financial independence through the blockchain.

Dinwiddie will be participating in community engagement campaigns and social media events. This will include weekly guest appearances on Celsius’ YouTube and Clubhouse events and will be paid in CEL tokens.

NEW YORK, NEW YORK - MARCH 08:  Spencer Dinwiddie #26 of the Brooklyn Nets reacts against the Chicago Bulls in the second half at Barclays Center on March 08, 2020 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Steven Ryan/Getty Images)
Steven Ryan/Getty Images

“We are thrilled to partner with Spencer Dinwiddie on this endeavor to bring the next 100 million people into crypto.”

Vijay Konduru, Chief Marketing Officer of Celsius

Konduru also added Dinwiddie is an accomplished athlete and entrepreneur that is a long-time crypto and blockchain adopter.

Dinwiddie also stated his excitement for joining Celsius as an official partner:

“Being an early adopter of crypto, I’ve seen first-hand the benefits of blockchain-based finance and the opportunities it presents where traditional banking methods have fallen short. Not only is Celsius a pioneer in this space, but we share the same values and commitment to a business model that prioritizes giving back to the community it serves.”

Spencer Dinwiddie

About Celsius

Alex Mashinsky, chief executive officer of Celsius Network, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 2, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Dania Maxwell/Bloomberg via Getty Images
Dania Maxwell/Bloomberg via Getty Images
Alex Mashinsky, chief executive officer of Celsius Network

Celsius helps consumers find the path toward financial independence through a compounding yield service and instant low-cost loans. “Financial freedom does not come without a price tag.” The interests of the customers and community are put first, and where ethical behavior is the company’s backbone. Their mission is for everyone to succeed financially. 

Celsius provides unique services that traditional financial institutions have abandoned. Including fair interest, zero fees, and lightning-quick transactions. Their goal is to “disrupt the financial industry, one happy user at a time.” 

Spencer Dinwiddie is the first athlete to be paid in crypto for a sponsorship deal, but he won’t be the last. More and more athletes will look to partner with companies that offer crypto compensation. 

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