Kevin Durant, a two-time NBA champion, has launched a special purpose acquisition company (SPAC) to look at collaborating with technology-driven businesses, including cryptocurrency enterprises. The firm was established in conjunction with Durant’s business associate Rich Kleiman.
Durant, who was an early Coinbase (NASDAQ:COIN) backer, isn’t done exploring the sector yet. His new SPAC company is planning to invest in crypto and blockchain-related businesses.