Ice Cube backs DOGE and an 'incredible and historical' transaction

Iconic rapper Ice Cube — besides known arsenic O'Shea Jackson Sr — has jumped connected the Dogecoin bandwagon with his endorsement of an “incredible and historical” DOGE transaction.

Cube’s introduction into the chaotic satellite of Dogecoin is related to the BIG3 hoops league that helium co-founded. The enactment predominantly features erstwhile NBA stars successful a three-on-three format arsenic opposed to the regular five-on-five hoops games.

Last period the BIG3 launched a caller ownership exemplary for the league which consists of selling tokenized stakes successful each of the 12 teams. There are 1000 NFTs successful full allocated to each team, with 25 “Fire” NFTs worthy $25,000 a pop, and 975 “Gold” NFTs astatine $5,000 each.

On May. 4, MyDoge wallet co-founder Bill Lee tweeted astatine Ice Cube saying “if ya excavation DOGE, maine and the DogeArmy volition instrumentality 1 arsenic well,” successful notation to a erstwhile station from Ice Cube announcing that Snoop Dogg was buying 2 teams.

Ice Cube  past replied with “come connected wit it Bill, you cognize i’m down with the DogeArmy.”

Come connected wit it Bill, you cognize I’m down with the #DogeArmy https://t.co/d9C1TzS4ff

— Ice Cube (@icecube) May 4, 2022

While it is unclear however “down” with the DogeArmy Ice Cube really is, the BIG3 promptly fired retired a property merchandise connected the aforesaid time announcing that Lee had purchased each 25 Fire NFTs for the “Aliens” squad via DOGE.

The “incredible and historical” transaction arsenic described by Ice Cube was worthy $625,000 oregon astir 4.86 cardinal DOGE, with the BIG3 besides calling it the “largest commercialized transaction successful history” of DOGE.

Related: Tumbleweeds stroke done Coinbase NFT connected its archetypal day: Just $75K successful volume

The Fire NFTs correspond the higher extremity of ownership and inferior benefits, specified arsenic crippled management, voting rights and intelligence property/licensing rights for squad logos, names and merchandise. Notably, if the owner/hodler was to merchantability their Fire NFTs, they’d besides get a 40% chopped of the sale.

Incredible and humanities https://t.co/ouulpk0xdd

— Ice Cube (@icecube) May 4, 2022

As portion of the announcement, Lee took a flimsy excavation astatine NFT projects featuring apes and owls, suggesting that helium lone looks astatine NFT projects with utility. This is of course, contempt the information that some ape and owl projects person built inferior for hodlers, and is beauteous lofty rhetoric for a antheral chiefly moving connected processing wallets for a memecoin that was created arsenic a joke.

"While others are buying NFT images of apes and owls, I judge that NFTs with inferior are the adjacent frontier. It is simply a imagination to ain a hoops squad and the BIG3 is shifting the NFT crippled by offering ownership rights specified arsenic licensing/IP, squad voting/management, and merchandising."