Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs

Decentralized autonomous organizations (DAOs) person been acquiring precocious summons items implicit the past 12 months and connected April 28, the Degods DAO revealed it acquired a Big3 nonrecreational hoops squad called the “Killer 3s.” The Big3 nonrecreational hoops league was founded by the American rapper Ice Cube and Big3 decided to merchantability the rights tied to the squad by leveraging non-fungible token (NFT) assets.

Big3 Team the Killer 3s Sold for 25 NFTs

According to reports, a decentralized autonomous enactment built connected the Solana web called Degods DAO has purchased a Big3 nonrecreational hoops team. Big3 is simply a hoops league crafted by the hip-hop mogul and histrion Ice Cube and the league’s games are based connected a 3-on-3 hoops tourney style. Recently, the Big3 decided to merchantability the rights to a squad called the “Killer 3s” by utilizing NFT technology.

The DeDAO has acquired a nonrecreational hoops team. pic.twitter.com/TgcwKy9tLU

— DeGods (33.3%) (@DeGodsNFT) April 28, 2022

Essentially, the Big3 league decided to merchantability 25 Fire-tier NFTs for $25K per unit. The NFTs springiness the owners rights to Killer 3s’ licensing, intelligence spot (IP), and league-approved merchandise. Degods DAO acquired the Killer 3s squad for astir $625,000 by purchasing each 25 NFTs tied to the Killer 3s. Degods DAO tweeted astir the acquisition connected April 28 and shared a video that said: “Now let’s triumph a f***ing championship.”

Decentralized Autonomous Organizations Continue to Bid connected High Ticket Items

Degods DAO follows a fig of DAOs buying precocious summons items similar properties, franchises, NFT collections, and IP rights. For instance, a DAO purchased an unreleased Wu-Tang Clan grounds called “Once Upon a Time successful Shaolin.” Another DAO precocious revealed it wanted to acquisition fast-food restaurants and a DAO called “Buy the Broncos DAO” tried to rise $4 cardinal to bargain the Denver Broncos. Many attempted purchases person failed, similar the Constitution DAO, which tried to bargain an aged transcript of the U.S. Constitution but mislaid the auction.

Degods is simply a fashionable Solana NFT task that has seen 397,300 SOL oregon $37,234,956 worthy of NFT income volume. The postulation has 4.5K owners and the existent level terms is $28,162 oregon 300.5 SOL. “A deflationary postulation of degenerates, punks, and misfits. Gods of the metaverse [and] masters of our ain universe. Powered by the Solana Blockchain,” Degods’ description connected Opensea explains.

What bash you deliberation astir a DAO buying a Big3 nonrecreational hoops squad by acquiring 25 NFTs? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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