[ad_1]
Iconic rapper Ice Dice — often known as O’Shea Jackson Sr — has jumped on the Dogecoin bandwagon together with his endorsement of an “unbelievable and historic” DOGE transaction.
Dice’s entry into the wild world of Dogecoin is said to the BIG3 basketball league that he co-founded. The group predominantly options former NBA stars in a three-on-three format versus the common five-on-five basketball video games.
Final month the BIG3 launched a brand new possession mannequin for the league which consists of promoting tokenized stakes in every of the 12 groups. There are 1000 NFTs in complete allotted to every group, with 25 “Fireplace” NFTs value $25,000 a pop, and 975 “Gold” NFTs at $5,000 every.
On Might. 4, MyDoge pockets co-founder Invoice Lee tweeted at Ice Dice saying “if ya dig DOGE, me and the DogeArmy will take one as properly,” in reference to a earlier put up from Ice Dice saying that Snoop Dogg was shopping for two groups.
Ice Dice then replied with “come on wit it Invoice, i’m down with the DogeArmy.”
Come on wit it Invoice, I’m down with the #DogeArmy https://t.co/d9C1TzS4ff
— Ice Dice (@icecube) May 4, 2022
Whereas it’s unclear how “down” with the DogeArmy Ice Dice really is, the BIG3 promptly fired out a press launch on the identical day saying that Lee had bought all 25 Fireplace NFTs for the “Aliens” group by way of DOGE.
The “unbelievable and historic” transaction as described by Ice Dice was value $625,000 or roughly 4.86 million DOGE, with the BIG3 additionally calling it the “largest industrial transaction in historical past” of DOGE.
Associated: Tumbleweeds blow through Coinbase NFT on its first day: Just $75K in volume
The Fireplace NFTs symbolize the upper finish of possession and utility advantages, equivalent to recreation administration, voting rights and mental property/licensing rights for group logos, names and merchandise. Notably, if the proprietor/hodler was to promote their Fireplace NFTs, they’d additionally get a 40% reduce of the sale.
Unbelievable and historic https://t.co/ouulpk0xdd
— Ice Dice (@icecube) May 4, 2022
As a part of the announcement, Lee took a slight dig at NFT initiatives featuring apes and owls, suggesting that he solely appears at NFT initiatives with utility. That is in fact, although some ape and owl projects have constructed utility for hodlers, and is fairly lofty rhetoric for a person primarily engaged on growing wallets for a memecoin that was created as a joke.
“Whereas others are shopping for NFT photos of apes and owls, I consider that NFTs with utility are the subsequent frontier. It’s a dream to personal a basketball group and the BIG3 is shifting the NFT recreation by providing possession rights equivalent to licensing/IP, group voting/administration, and merchandising.”
[ad_2]
Source link