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

Iconic rapper Ice Dice — also referred to as 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 said 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 whole allotted to every group, 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 nicely,” in reference to a earlier put up from Ice Dice asserting that Snoop Dogg was shopping for two groups.

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

Whereas it’s unclear how “down” with the DogeArmy Ice Dice really 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” group through 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 business transaction in historical past” of DOGE.

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The Fireplace NFTs signify the upper finish of possession and utility advantages, resembling sport administration, voting rights and mental property/licensing rights for group logos, names and merchandise. Notably, if the proprietor/hodler was to promote their Fireplace NFTs, they’d additionally get a 40% lower of the sale.

As a part of the announcement, Lee took a slight dig at NFT initiatives that includes apes and owls, suggesting that he solely appears at NFT initiatives with utility. That is, in fact, even if some ape and owl initiatives have constructed utility for hodlers and is fairly lofty rhetoric for a person primarily engaged on creating wallets for a memecoin that was created as a joke.

“Whereas others are shopping for NFT photographs of apes and owls, I imagine that NFTs with utility are the subsequent frontier. It’s a dream to personal a basketball group and the BIG3 is shifting the NFT sport by providing possession rights resembling licensing/IP, group voting/administration, and merchandising.”

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