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

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Ice Cube backs DOGE and an ‘incredible and historical’ transaction
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Iconic rapper Ice Cube – also known as O’Shea Jackson Sr. – has joined Dogecoin (DOGE) in his endorsement of an “incredibly historic” DOGE transaction.

Cube’s entry into the wild world of Dogecoin is related to the BIG3 basketball league he co-founded. The organization primarily features former NBA stars in a three-on-three format rather than the regular five-on-five basketball game.

Last month, BIG3 introduced a new ownership model for the league that includes the sale of tokenized shares in each of the 12 teams. A total of 1,000 non-fungible tokens (NFTs) were allocated to each team, with 25 “Fire” NFTs worth $25,000 and 975 “Gold” NFTs worth $5,000 each.

On Wednesday, MyDoge Wallet co-founder Bill Lee tweeted at Ice Cube: “If you mine DOGE, DogeArmy and I will take one too,” referencing an earlier Ice Cube article announcing that Snoop Dogg is buying two team.

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Ice Cube then replied, “Come on, Bill, you know I failed in the DogeArmy.”

While it’s unclear exactly how “disappointed” the DogeArmy Ice Cube was, BIG3 quickly issued a press release on the same day announcing that Lee had purchased all 25 Fire NFTs for the “Aliens” team through DOGE.

The “incredibly historic” transaction described by Ice Cube is worth $625,000 at the time of writing, or roughly 4.86 million DOGE, which BIG3 also calls DOGE’s “largest commercial transaction in history.”

Related: Tumbleweeds wins big on first day of Coinbase NFT launch: only $75k in volume

Fire NFTs represent higher ownership and utility interests, such as game governance, voting rights, and intellectual property/licensing rights to team logos, names, and merchandise. Notably, if owners/holders are to sell their Fire NFTs, they will also receive a 40% cut of the sale.

As part of the announcement, Lee dug into NFT projects featuring apes and owls a bit, suggesting that he’s only focusing on NFT projects with utility. Of course, this is despite the fact that some ape and owl projects have built utilities for hodlers, and that’s pretty lofty rhetoric for a guy who’s mostly dedicated himself to developing a wallet for memecoin created as a joke.

“While other people are buying NFT images of apes and owls, I believe NFTs with utility are the next frontier. Having a basketball team is a dream, and BIG3 is doing it by offering licensing/IP, team voting/governance and Ownership such as merchandise sales to change the NFT game.”



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