O’Shea Jackson Sr., more commonly known as Ice Cube, was in the news lately when he claimed that he was down with the DogeArmy. As such, the rapper’s entry into Dogecoin’s arena was tied to the BIG3 basketball league that he co-founded. The organization chiefly features former NBA stars in a three-on-three format instead of the regular five-on-five basketball games.
A few weeks back, the BIG3 put to sea a new ownership model for the league, which consisted of selling stakes via NFTs. Each of the 12 teams have 1,000 total NFTs divided between two tiers—25 “Fire” NFTs [priced at $25,000 each], and 975 “Gold” NFTs [ priced at $5,000 each].
So, by buying NTFs and partially/fully owning teams, investors would be able to do a host of things like creating merch, interacting with league officials, making team decisions, etc.
Back to back hook shots
During the weekend the Dogecoin endorsee took Twitter to announce that the 25 Fire-Tier NFTs for his BIG3 team Tri-State were purchased by a group orchestrated by tech entrepreneurs Sunny Deep, Vinny Lingham, and Kevin Rose.
Ice Cube further added that’d secured Moonbirds as the community sponsor behind the purchase. For its part, the Moonbirds NFT project grabbed the spotlight and was the talk of the community in mid-April, when it was newly launched. Within no time its demand shot up, floor price peaked, and as a result, the NFT collection ended up making a striking debut.
“Group led by @sundeep @VinnyLingham and @Kevinrose have purchased all 25 Fire-Tier NFTs for @BIG3_TriState and have secured @moonbirds as the community sponsor behind it.”
Also, a couple of days back, Snoop Dogg partnered up with PayPal co-founder Ken Howery to buy all 25 Fire-Tier editions of the BIG3 team Bivouac.
What’s more, Belarusian-American entrepreneur and NFT enthusiast Gary Vaynerchuk, or Gary Vee, also amassed 25 Fire-Tier editions of the 2019 championship-winning Triplets, a team coached by Lisa Leslie and captained by Joe Johnson—a seven-time NBA All-Star—on Friday.