Why WNBA Star Jewell Loyd Trusts Crypto – And Why Bitcoin And Ethereum Are Her
Why WNBA Star Jewell Loyd Trusts Crypto – And Why Bitcoin And Ethereum Are Her And#039;Anchorsand#039;
Ten years after first buying Bitcoin, two-time WNBA champion Jewell Loyd explains why crypto is essential to her career and humanitarian efforts. Author: Andrew Cohen
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No one in the WNBA can put the ball in the basket like Jewell Loyd, whose 939 points last year for the Seattle Storm set the league’s single-season scoring record. This surpassed the previous record of 860 points set by Diana Tauras in 2006.
Off the court, Loyd has become the face of crypto-savvy athlete investors at Coinbase, which has been the exclusive cryptocurrency partner of the NBA and WNBA since 2021.
The 30-year-old Chicago native bought his first Bitcoin in 2013 while playing collegiately at Notre Dame. Loyd and his brother, former basketball player Jarryd Loyd, entered the crypto market together after growing up with parents who emphasized the importance of financial literacy.
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“I was one of the first people to publicly say that I was investing in crypto and took part of my salary from it,” said Loyd Decrypt. Right after that, every team we played, there was always one person who said to me, ‘Yeah, why and#039; did you do that What is that?’andquot;
Photo: Clutch Sports Group
“It was my time to educate myself,” he continued, “which was cool because I wasn’t the kid in school that everyone asked how they came up with a question. I was always the one asking. So turning it around was cool.”
Coinbase works with the WNBA to create crypto educational content and introduced a personalized crypto course for beginners during the 2022 WNBA draft. Loyd converts a portion of her WNBA salary into cryptocurrency through the Coinbase app, with Bitcoin and Ethereum holding the majority. “For me, they’re like anchors,” he said of major cryptocurrencies Bitcoin and Ethereum. – The basketball analogy is that you always need a good center. And those two are good centers for me.andquot;
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After finishing fifth on her All-Star team last season, Loyd signed a two-year, $463,000 contract extension with the Storm to remain where she has won two WNBA championships (2018, 2020) since being drafted by Seattle in the first overall pick. . in 2015. .
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With salaries not nearly as lucrative as their male NBA counterparts, many WNBA players play overseas in the offseason to earn extra income. The decentralized nature of Krypto has benefited Loyd, who has played for professional teams in Turkey, China, South Korea and Spain.
“[Coinbase] has been one of my personal favorite partnerships with the WNBA because obviously I’m invested in it, but it’s also empowering women to move forward in the financial world,” Loyd said. “I am very lucky to be able to play abroad and live abroad, but sending money and spending money abroad is very difficult. It makes sense to be a [faster] and cheaper way to transfer money overseas and back.
Coinbase awarded $120,000 in Bitcoin to New York Liberty and Las Vegas Aces players as part of its sponsorship of the WNBA Commission’s Cup midseason tournament in August. The league also offered NFTs to fans through Coinbase, including a digital collectible commemorating Loyd’s Storm teammate Sue Bird to those who attended Bird’s jersey retirement ceremony at Seattle’s Climate Pledge Arena in June.
New York Liberty players celebrate 2023
WNBA commissioner and#039; to win the
cup. Photo: New York Liberty
Coinbase is giving away $120,000 worth of
Bitcoin to WNBA players
Cryptocurrency exchange Coinbase
awarded $120,000 worth of Bitcoin to WNBA
players on Tuesday as part of its ongoing
sponsorship of the women’s basketball
league. At Tuesday’s WNBA Commission’s
Cup Championship, each player was
awarded $5,000 in Bitcoin on the exchange.
Players from both teams – the New York
Liberty and the Las Vegas Aces – deposited
cryptocurrencies into their personal
Coinbase accounts. Each team has 12
players. WNBA players are also offered a
crypto coach…
Loyd said Krypto’s biggest help came from
his ongoing efforts to help Rwanda, where
Loyd and his brother send computers and
money to support the local population.
We’re always trying to find ways to send
money to help our cause, and without
crypto it would be much more difficult,” he
told Decrypt. “If they need it right away, it
gets there. It’s more effective and we see
more change in the community we work
with.”
“Working in Rwanda, they are so talented.
They just don’t always have the resources,”
Loyd added. “I’m very passionate about
giving a gift to the next generation of kids
and athletes. Anyone who wants to learn,
I’m ready to help them.”
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