Ice Cube backs DOGE and an ‘incredible and historical’ transaction

189
SHARES
1.5k
VIEWS

Related articles


Iconic rapper Ice Dice — also called O’Shea Jackson Sr. — has jumped on the Dogecoin (DOGE) bandwagon along with his endorsement of an “unimaginable and historic” DOGE transaction.

Dice’s entry into the wild world of Dogecoin is expounded 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 nonfungible tokens (NFTs) in complete allotted to every crew, with 25 “Fireplace” NFTs value $25,000 a pop and 975 “Gold” NFTs at $5,000 every.

On Wednesday, 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 submit from Ice Dice asserting that Snoop Dogg was shopping for two groups.

Ice Dice then replied with “come on wit it Invoice, you already know i’m down with the DogeArmy.”

Whereas it’s unclear how “down” with the DogeArmy Ice Dice truly is, the BIG3 promptly fired out a press launch on the identical day asserting that Lee had bought all 25 Fireplace NFTs for the “Aliens” crew by way of DOGE.

The “unimaginable and historic” transaction, as described by Ice Dice, was value $625,000, or roughly 4.86 million DOGE on the time of writing, 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 crew logos, names and merchandise. Notably, if the proprietor/hodler was to promote their Fireplace NFTs, they’d additionally get a 40% minimize of the sale.

As a part of the announcement, Lee took a slight dig at NFT projects featuring apes and owls, suggesting that he solely seems at NFT tasks with utility. That is, after all, even supposing 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 pictures of apes and owls, I consider that NFTs with utility are the following frontier. It’s a dream to personal a basketball crew and the BIG3 is shifting the NFT recreation by providing possession rights equivalent to licensing/IP, crew voting/administration, and merchandising.”