Popular rapper Ice Cube, also known as O’Shea Jackson Sr. confirms his commitment to DOGE. This had a major impact on the BIG3 basketball league, which he co-founded.
League with NFT-based ownership model
Ice Cube’s investment in Dogecoin has seen the light of day, thanks to the basketball league he co-founded. BIG3 is an organization that brings together former basketball stars who play matches against each other, in a three-on-three format. In April of this year, the league implemented an ownership model for teams, which is based on the NFT segment. Each of the 12 teams was given the opportunity to sell 1,000 non-exchangeable tokens. 25 of those are “fire” tokens, giving them a value of $25,000 each. The remaining 975 are gold tokens, priced at $5,000 apiece.
On Wednesday, May 4, MyDoge wallet co-founder Bill Lee addressed Ice Cube on Twitter with the following words:
“If you buy a DOGE, me and the Doge army will take one too.”
The cryptic in-law was in response to a post by the rapper, who indicated that Snoop Dogg was tempted to buy two teams from the BIG3 league.
Lee’s hitch was received very positively by Ice Cube, and his response had the right to surprise followers. It read:
“Come on Bill, you know I’m from DogeArmy”.
An amazing and historic transaction
Later that same day, BIG3 announced the purchase of 25 Fire NFTs by Lee, who are affiliated with the Aliens team. The transaction was made through DOGE. Ice Cube called it amazing and historic, and it was valued at $625,000, which could be close to 4.85 million DOGE.
In principle, the purchaser of the fiery NFT obtained the rights to the name, logo and merchandise belonging to the team. They also gave him the right to vote on important issues for the team.
NFTs holding value
Bill Lee was tempted to comment on his purchases. He points out that, in his opinion, not every NFT has real value, and that the tokens used for the BIG3 teams, are an example of an interesting management model. As he states:
“While others buy NFTs with images of monkeys and owls, I believe NFTs with utility are the next frontier. The dream is to have your own basketball team, and BIG3 is changing the rules of the NFT game by offering ownership rights such as licensing/IP, voting/team management and merchandising.”