{"id":15425,"date":"2022-05-01T02:46:32","date_gmt":"2022-05-01T02:46:32","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15425"},"modified":"2022-05-01T02:46:32","modified_gmt":"2022-05-01T02:46:32","slug":"ice-cubes-big3-professional-basketball-league-sells-team-to-a-dao-for-25-nfts-bitcoin-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15425","title":{"rendered":"Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs \u2013 Bitcoin News"},"content":{"rendered":"


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Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the \u201cKiller 3s.\u201d The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied to the team by leveraging non-fungible token (NFT) assets.<\/strong><\/p>\n

Big3 Team the Killer 3s Sold for 25 NFTs<\/h2>\n

According to reports<\/a>, a decentralized autonomous organization built on the Solana network called Degods DAO has purchased a Big3 professional basketball team. Big3 is a basketball league crafted by the hip-hop mogul and actor Ice Cube and the league\u2019s games are based on a 3-on-3 basketball tournament style. Recently, the Big3 decided to sell the rights to a team called the \u201cKiller 3s\u201d by using NFT technology.<\/p>\n

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The DeDAO has acquired a professional basketball team. pic.twitter.com\/TgcwKy9tLU<\/a><\/p>\n

\u2014 DeGods (33.3%) (@DeGodsNFT) April 28, 2022<\/a><\/p>\n<\/blockquote>\n

Essentially, the Big3 league decided to sell 25 Fire-tier NFTs for $25K per unit. The NFTs give the owners rights to Killer 3s\u2019 licensing, intellectual property (IP), and league-approved merchandise. Degods DAO acquired the Killer 3s team for approximately $625,000 by purchasing all 25 NFTs tied to the Killer 3s. Degods DAO tweeted about the acquisition on April 28 and shared a video that said: \u201cNow let\u2019s win a f***ing championship.\u201d<\/p>\n

Decentralized Autonomous Organizations Continue to Bid on High Ticket Items<\/h2>\n

Degods DAO follows a number of DAOs buying high ticket items like properties, franchises, NFT collections, and IP rights. For instance, a DAO purchased<\/a> an unreleased Wu-Tang Clan record called \u201cOnce Upon a Time in Shaolin.\u201d Another DAO recently revealed<\/a> it wanted to purchase fast-food restaurants and a DAO called \u201cBuy the Broncos DAO\u201d tried to raise $4 billion to buy the Denver Broncos. Many attempted purchases have failed, like the Constitution DAO, which tried to buy an old copy of the U.S. Constitution but lost the auction.<\/p>\n

Degods is a popular Solana NFT project that has seen 397,300 SOL or $37,234,956 worth of NFT sales volume. The collection has 4.5K owners and the current floor price is $28,162 or 300.5 SOL. \u201cA deflationary collection of degenerates, punks, and misfits. Gods of the metaverse [and] masters of our own universe. Powered by the Solana Blockchain,\u201d Degods\u2019 description<\/a> on Opensea explains.<\/p>\n

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\nTags in this story
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American rapper<\/a>, basketball team rights<\/a>, Big3<\/a>, Big3 Basketball<\/a>, Big3 professional basketball<\/a>, Degods<\/a>, Degods DAO<\/a>, Degods NFTs<\/a>, Ice Cube<\/a>, Ice Cube Big3<\/a>, ip<\/a>, Killer 3s<\/a>, merchandise<\/a>, nft<\/a>, NFTs<\/a>, Non-fungible Token<\/a>, Opensea<\/a>, professional basketball team<\/a>, rights<\/a>, SOL<\/a>, Solana<\/a>, Solana (SOL)<\/a>, unreleased Wu-Tang Clan record<\/a><\/div>\n<\/div>\n

What do you think about a DAO buying a Big3 professional basketball team by acquiring 25 NFTs? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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