将辛辛那提孟加拉人的象征化：将团队留在城里的长远想法

当地的技术投资者认为，他有解决汉密尔顿县体育场困境的解决方案。亚当·科勒（Adam Koehler）想将辛辛那提孟加拉人归纳。

CINCINNATI — A local technology investor thinks he has the solution to Hamilton County’s stadium dilemma: tokenize the Cincinnati Bengals.

辛辛那提（Cincinnati） - 当地的技术投资者认为，他有解决汉密尔顿县体育场困境的解决方案：辛辛那提孟加拉人。

That means converting the team’s shares into digital assets that can be bought, sold and traded like bitcoin. Such a deal could generate billions of dollars in cash for the family of Bengals owner Mike Brown, while keeping them in control of the franchise founded in 1967 by NFL Legend Paul Brown.

这意味着将团队的股份转换为可以像比特币一样购买，出售和交易的数字资产。这样的交易可能会为孟加拉人家人迈克·布朗（Mike Brown）的家人带来数十亿美元的现金，同时使他们能够控制NFL传奇人物保罗·布朗（Paul Brown）于1967年成立的特许经营权。

“It would allow the residents of Cincinnati, instead of going broke spending money on the sales tax, (to) put their money into something that’s practically guaranteed to make money,” said Adam Koehler, founder of Reversed Out, LLC, a digital advertising agency in Covington. “Five years ago, this team was probably worth $2.5 billion. Now it’s worth $5 billion. It’s like, how many billion dollars do you need on paper? At some point, you probably want to get liquid.”

“这将允许辛辛那提的居民，而不是赚钱，而不是花钱，而是将他们的钱投入到实际上保证赚钱的东西中。” Reversed，LLC的创始人Adam Koehler说，数字广告的创始人是在卡温顿的代理。 “五年前，这支球队可能价值25亿美元。现在价值50亿美元。就像，您需要在纸上需要多少亿美元？在某个时候，您可能想获得液体。”

The Bengals did not respond to an email seeking comment for this story. But there is reason to believe the team would not be interested in Koehler’s idea.

孟加拉人没有回复一封有关此故事的评论的电子邮件。但是有理由相信团队对Koehler的想法不会感兴趣。

“They’re not necessarily early adopters,” said Joe Cobbs, a professor who runs the Sports Business and Event Management program at Northern Kentucky University. “They’ve shown themselves to be pretty conservative in their approaches, and it’s worked for them.”

“它们不一定是早期采用者，”在北肯塔基大学经营体育商业和活动管理计划的教授乔·科布斯（Joe Cobbs）说。 “他们表明自己的方法非常保守，这对他们有用。”

The Bengals were the only NFL team to vote against a rule change last November that allows private equity firms to purchase ownership stakes of up to 10 percent in an NFL team.

孟加拉人是去年11月对规则变更投票的唯一一支允许私募股权公司在NFL团队中购买多达10％的所有权股份。

But Koehler figures cash would come in handy for the Brown family, which made the Forbes 400 last year with an estimated net worth of $3.9 billion.

但是Koehler认为现金将为Brown Family提供用场，这使福布斯400号（Forbes 400）估计为39亿美元。

“One of the big problems for these billionaires like Mike Brown, who’s a billionaire on paper, is ‘Does Mike Brown have that liquid money? Does he have that cash sitting there?’ The answer is no,” Koehler said. “That’s a big problem for us as fans because he can’t pay players. You saw Jessie Bates walk. You saw D.J. Reader walk. Hopefully they can work out a deal with Ja’Marr Chase, who’s the best receiver in the league. But they have to guarantee so much money.”

“对于这些亿万富翁等这些亿万富翁的最大问题之一是纸上的亿万富翁，迈克·布朗有液体钱吗？他有那笔钱坐在那里吗？答案是否定的，”科勒说。 “作为粉丝，这对我们来说是一个大问题，因为他无法付钱给球员。您看到杰西·贝茨（Jessie Bates）走路。您看到DJ阅读器步行。希望他们能与联盟中最好的接球手Ja'marr Chase达成协议。但是他们必须保证这么多钱。”

NFL rules require teams to place money in escrow for long-term contract guarantees. The Bengals are known for avoiding guarantees beyond a contract’s first year. Koehler said the team could also use an influx of cash for stadium expenses or estate taxes.

NFL规则要求团队将资金放在托管中，以获得长期合同担保。孟加拉人以避免合同第一年的保证而闻名。科勒说，该团队还可以使用大量现金用于体育场费用或房地产税。

“We don’t know what their financial situation is, personally. But I would guess that, if all their wealth is tied up into that asset, they probably want to get liquid at some point,” Koehler said.

“我们个人不知道他们的财务状况是什么。但是我猜想，如果他们所有的财富都与该资产联系在一起，他们可能想在某个时候获取液体。”科勒说。

'It's crazy in the sense that it's new'

“从某种意义上说是新事物很疯狂”

The idea of tokenizing the Bengals has been percolating in Cincinnati’s startup community for years. Koehler was one of those stirring the pot, as he looked for new opportunities following the 2015 sale of Dotloop. It was one of Cincinnati’s biggest startup success stories, when it sold for $108 million to Zillow. Koehler was among its founders.

多年来，辛辛那提初创企业社区中陈酿孟加拉人的想法一直在渗透。 Koehler是在2015年出售Dotloop之后寻找新机会的锅里的人之一。这是辛辛那提最大的创业成功案例之一，当时它以1.08亿美元的价格向Zillow卖出。 Koehler是其创始人之一。

A few years after the sale, Koehler “started getting into crypto. I own a digital agency. I had to understand how blockchain worked.”

出售几年后，Koehler“开始进入加密货币。我拥有一个数字代理。我必须了解区块链是如何工作的。”

Blockchain is a digital ledger that allows a series of transactions to be recorded, time-stamped and shared in a way that’s intended to promote transparency and prevent fraud. It’s used by cryptocurrency investors to buy and sell digital currencies like bitcoin and ethereum, but it can also track digital tokens that use a unique number to represent ownership of a specific asset.

区块链是一个数字分类帐，允许以旨在促进透明度和防止欺诈的方式记录，时间戳记和共享一系列交易。加密货币投资者使用它来买卖比特币和以太坊等数字货币，但它还可以跟踪使用唯一数字代表特定资产所有权的数字令牌。

Koehler helped organize a 2017 conference in Northern Kentucky called “A Day for Crypto.” It explained the industry to about 200 local attorneys and investors. He formed a startup called C-Prop, which uses blockchain technology to document real estate transactions.

Koehler帮助组织了2017年在北肯塔基州举行的，名为“加密货币的一天”。它向大约200名当地律师和投资者解释了该行业。他成立了一个名为C-Prop的初创公司，该公司使用区块链技术记录房地产交易。

“Then, we started going down this whole path of what can be tokenized,” Koehler said.

“然后，我们开始沿着可以被象征化的整个道路走去，”科勒说。

In the process, he met Mike Hiles, founder of 10XTS, a consulting firm that helps investors tokenize what the industry calls RWAs, or real-world assets.

在此过程中，他遇到了10xts的创始人迈克·希尔斯（Mike Hiles），这是一家咨询公司，可帮助投资者将行业所谓的RWAS或现实世界中的资产归为现实。

“Imagine a world where you could own a piece of your favorite painting, a slice of a skyscraper or a fraction of a gold bar,” says the company’s promotional video. “That’s the power of tokenization.”

该公司的宣传视频说：“想象一下一个世界，您可以拥有自己喜欢的一幅画，一片摩天大楼或一小部分金条。” “这就是令牌化的力量。”

It makes perfect sense to Hiles that the Cincinnati Bengals could be tokenized.

对于辛辛那提孟加拉人可能被象征化的hiles是完全有意义的。

“I mean, it’s crazy in the sense that it’s new,” he said. “But it’s also based on legacy financial structures.”

他说：“我的意思是，从某种意义上说，这很疯狂。” “但这也基于传统金融结构。”

Hiles said the concept is catching on quickly in the financial industry, where tokens are being used to represent bond transactions, loans and mutual fund trades. Adoption has

希尔斯说，这个概念在金融业迅速引起了人们的关注，在那里代表代表债券交易，贷款和共同基金行业的概念。收养有