Basketball Star Partners With Investment Platform Yieldstreet To Launch Campaign To Educate Content Creators And The Next Generation Of Investors
Yieldstreet and NBA athlete Spencer Dinwiddie team up to promote financial literacy around alternative assets
NEW YORK, August 09, 2021– (COMMERCIAL THREAD) –Yield Street, a leading alternative investment platform that seeks to narrow the income and opportunity gap for retail investors, today announced a campaign with NBA star Spencer Dinwiddie – Yieldstreet and Witty: Travel to the Alternative Investment Space. Promote the market for alternative assets, Spencer has partnered with Yieldstreet to expand the platform’s mission to make investing more accessible in an effort to bridge the wealth creation gap.
By diversifying his own portfolio and engaging in alternative investment opportunities, Spencer has become a leader among professional athletes in making financial literacy among his supporters a top priority off the pitch. Spencer’s engagement with Yieldstreet aims to help bridge the gap between individual investors and alternative investments. According to a recent survey conducted by Nerdwallet, nearly 3 in 5 Americans (59%) are interested in alternative investments.
With the “creator community” in mind, both sides are committed to introducing new ways to introduce alternative assets as an investment vehicle. Starting August 9, the duo will launch a series of engaging and educational materials designed to educate the next generation of investors, including a webinar, podcast and blog post. As a bonus, the team is also presenting a raffle to give Yieldstreet’s investment community and Dinwiddie fans a chance to gain exclusive access to his latest venture, Calaxie. Using blockchain technology, Calaxy is an open social marketplace offering content creators a platform to create more direct and intimate experiences with their fans, while monetizing that interaction.
“Spencer is breaking new ground, inspiring younger generations to educate themselves and perhaps empower themselves through alternative investments,” said Milind Mehere, CEO and co-founder of Yield Street. “We are excited to partner with Spencer to educate the next generation of investors on how to potentially create wealth through a myriad of different channels and asset classes beyond traditional stocks and bonds.”
The campaign will offer fans the opportunity to interact via by Spencer and Yieldstreet social media platforms with one entry per person. Three winners will be granted exclusive early access to Yieldstreet-sponsored Calaxy, as well as opportunities to chat directly with Spencer. Early adopters will get a first look at Calaxy’s unique features, such as’Vote on big decisions‘, and Spencer will query the users. Selected users also have the option to directly message Spencer and discuss topics such as his basketball career and entrepreneurial efforts.
“I know what it’s like to want to fulfill your passions and your desire to make money,” said Spencer Dinwiddie. “Even off the pitch, I always looked for a lot of opportunities that I was interested in and that had the potential to generate income for me. That’s why I partnered with Yieldstreet – I wanted to empower Calaxy users and to content creators who share their passions across multiple topics and industries the ability to connect, monetize, and invest that money wisely. “
Yieldstreet and Spencer’s engagement follows Yieldstreet’s $ 100 million Series C fundraiser. Since its inception, Yieldstreet has returned over $ 1 billion in principal and interest to clients. To date, over 300,000 investors have joined Yieldstreet’s investment platform.
About Yieldstreet: Yieldstreet is a next-generation digital investment platform that powers the modernization of today’s portfolios by unlocking access to alternative income-generating investments. Yieldstreet’s intuitive and mobile technology is designed to enable millions of people to generate income outside of traditional public markets. Its platform offers its clients several asset classes such as real estate, commerce, consumer, art, marine, legal finance and aviation. Since its founding in 2015, Yieldstreet has funded more than $ 2 billion in investments and returned1 over $ 1 billion in principal and interest to its customers. The company, headquartered in New York, with offices in Brazil, Greece and Malta. Join the movement on www.yieldstreet.com.
About Calaxy Inc.: calaxy is the social market built for creators, by creators. Built and supported by a team of visionaries, and led by co-founders of NBA player Spencer Dinwiddie and former financier Solo Ceesay, Calaxy is a whole new take on the world of content creators, putting today’s fan at the center. of action. Calaxy is reinventing the way people use social media: by providing more meaningful and rewarding fan experiences. The app gives creators the ultimate toolkit for interacting with their fans in one place and rewards fans for their engagement. Using the Hedera network, a blockchain alternative that harnesses the power of the hashgraph consensus algorithm, Calaxy’s open social marketplace creates a fair exchange of value, allowing creators to monetize relationships with their community through Creator Tokens, which fans can use for a suite of personalized experiences.
1 The internal rate of return (“IRR”) represents an average net realized IRR over all matured investments weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management , LLC from July 1, 2015 to and including July 8, 2021, after deduction of management fees and any other expenses charged to investments.
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