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

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Iconic rapper Ice Dice — often known as O’Shea Jackson Sr — has jumped on the Dogecoin bandwagon along with his endorsement of an “unbelievable 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 NFTs in complete allotted to every staff, with 25 “Fireplace” NFTs value $25,000 a pop, and 975 “Gold” NFTs at $5,000 every.

On Could. 4, MyDoge pockets co-founder Invoice Lee tweeted at Ice Dice saying “if ya dig DOGE, me and the DogeArmy will take one as effectively,” in reference to a earlier put up from Ice Dice saying 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 saying that Lee had bought all 25 Fireplace NFTs for the “Aliens” staff by way of DOGE.

The “unbelievable and historic” transaction as described by Ice Dice was value $625,000 or roughly 4.86 million DOGE, with the BIG3 additionally calling it the “largest business transaction in historical past” of DOGE.

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

As a part of the announcement, Lee took a slight dig at NFT tasks featuring apes and owls, suggesting that he solely seems at NFT tasks with utility. That is after all, even if some ape and owl projects have constructed utility for hodlers, and is fairly lofty rhetoric for a person primarily engaged on growing wallets for a memecoin that was created as a joke.

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