Crypto

DeGods DAO Buys $625,000 Basketball Team In Ice Cube’s Big3 League

High-ticket products have actually been on the wish list of decentralized self-governing companies (DAOs) over the last 12 months, and on April 29, the DeGods DAO revealed the acquisition of a BIG3 expert basketball club called the “Killer 3s.”

The DeGods DAO acquired all 25 of Killer threes’ so-called ‘fire-tier’ NFT ownership shares. Each NFT costs $25,000, amounting to roughly $625,000, DeGods revealed.

These tokens grant owners the right to license and copyright rights in connection with group names, items, logo designs, and other game-day advertising projects.

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DeGods DAO Enters The Hardcourt

Meet-and-greets with gamers and coaches, autographed souvenirs, access to practices and after-parties, and call with Ice Cube, Kwatinetz, and commissioner Clyde Drexler are likewise consisted of.

DeGods has actually likewise acquired the capability to whitelist as much as 500 of the 975 gold tier NFTs for purchase by its members.

These NFTs use VIP access to all matches, scandal sheet products, voting opportunities, call with captains, coaches, commissioners, and referees, in addition to a champion ring for winning group owners, who will likewise get a share of future group sales.

Crypto overall market cap at $1.73 trillion on the day-to-day chart | Source: TradingView.com

BIG3 is a basketball league established by Ice Cube, a hip-hop magnate and star. The league’s video games are played in the design of a three-on-three basketball competitors.

Frank DeGod, the developer of DeGod, was reported as stating:

“This is perhaps the most exciting experiment now taking place in the NFT sector… it’s cool because owning and controlling a basketball team is a fantasy shared by millions of people. Now, we have the opportunity to make that goal a reality for our holders.”

DAOs take advantage of wise agreements and a set of guidelines to empower collectives with decision-making authority, instead of a specific or a central entity.

Cube

The BIG3's welcome of this brand-new innovation remains in line with a league that is constantly on the cutting edge of social patterns. (Image credit: Clutch Points)

Basketball And The NFTs Era

The guidelines, in addition to any actions performed, are tape-recorded and confirmed utilizing blockchain innovation, in theory guaranteeing a high level of openness.

The lineups were previously figured out by the captains and coaches — nevertheless group presidents, presidents, and vice presidents will now be selected from amongst Fire stakeholders — and the video games are kept in a range of locations throughout the summertime.

“Right now, we are living in the NFT era,” Ice Cube, who just recently acquired 265 of DeGods’ NFTs, described.

The BIG3’s welcome of this emerging innovation follows a league that is often on the cutting edge of social patterns.

“It’s a period when fans can actually purchase a piece of any of the BIG3 teams or all of the BIG3 teams via the blockchain,” the rap artist continued.

Featured image from Bitcoin News, chart from TradingView.com



Michael Evans

Professional writer, editor, and producer with over a decade of experience. I'm an experienced editor who has written for a variety of publications, and I specialize in editing non-fiction articles, news, and business blogs.

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