Ice Cube endorses DOGE and the ‘amazing and historical’ transaction
“DogeArmy” rapper Ice Cube declared his support for Bill Lee after the latter purchased $625,000 in NFTs linked to the rappers’ BIG3 basketball league in DOGE.
An “incredible and historic” DOGE transaction has been endorsed by Ice Cube, better known as O’Shea Jackson Sr., the rapper better known as Ice Cube.
The BIG3 basketball league, which Cube co-founded, was a factor in his decision to join the Dogecoin community. The games are played in a three-on-three style, rather than the traditional five-on-five format, and the players are mostly former NBA stars.
The BIG3 announced a new ownership arrangement for the league last month, in which tokenized interests in each of the league’s 12 clubs were sold. Each team is given a total of 1000 nonfungible tokens (NFTs), with 25 “Fire” NFTs costing $25,000 each and 975 “Gold” NFTs costing $5,000 each.
In reply to Ice Cube’s announcement that Snoop Dogg was purchasing two teams, MyDoge wallet co-founder Bill Lee tweeted on Wednesday, “If ya like DOGE, myself and the DogeArmy will take one as well.”
Ice Cube responded by saying, “come on wit it Bill, you know i’m down with the DogeArmy,” to Bill Cosby. Even while it’s not apparent how “down” the BIG3 is with the DogeArmy Ice Cube, the BIG3 swiftly sent out a press statement on the same day declaring that Lee had acquired all 25 Fire NFTs for the “Aliens” squad through DOGE.
At the time of writing the sale was valued $625,000, which Ice Cube called as “amazing and historic.” The BIG3 also referred to it as the “biggest commercial transaction in history” for DOGE.
Ownership and utility advantages such as game management, voting rights, and intellectual property/licensing of team names and goods are all included in the Fire NFTs. The owner/hodler will additionally get a 40% portion of any sales made using their Fire NFTs.
A small jab at NFT projects starring apes and owls was included in Lee’s statement, suggesting that he only considers NFT ideas from a practical standpoint. While this may be true, it’s not something you’d expect to hear from a guy who spends most of his time working on memecoin-related initiatives, including designing wallets for the memecoin.
NFT pictures of apes and birds are popular, but I feel that NFTs with real-world applications are the next frontier.” “It’s a dream come true to own a basketball club and the BIG3 is changing the NFT game by allowing owners to have voting and management powers as well as marketing rights”
Also Read: New Reports Show That Institutional Investors Are Leaving The Crypto Market As It Falls