Dogecoin has gained another fan in Ice Cube (real name O’Shea Jackson), who has backed an “amazing and historic” Doge transaction.
The dogecoin craze has taken the world by storm. The origins of Dogecoin lie with Billy Rapid, a former professional basketball player who went on to found the BIG3 basketball league. Three-on-three basketball games instead of the normal five-on-five format are primarily populated with former National Basketball Association (NBA) players.
Ice Cube on Full Support with the Community
On May 4, Bill Lee (MyDoge wallet co-founder) tweeted at the rapper stating, “if ya dig DOGE, me and the DogeArmy will take one as well.” He was referencing Ice Cube’s notice at Snoop Dogg’s purchase of two teams.
“Come on wit it Bill, you know i’m down with the DogeArmy,” Ice Cube replied.
Although it’s unclear how “down” Lee is with the DogeArmy, the BIG3 issued a statement simultaneously saying that he had bought all 25 Fire NFTs for the “Aliens” team in DOGE.
Ice Cube Makes the Biggest Commercial Transaction in Dogecoins
The “unbelievable and historic” trade, as described by Ice Cube, was worth $625,000, or approximately 4.86 million DOGE, and the BIG3 dubbed it the “largest business transaction in DOGE history.”
Fire NFTs, as a whole, have the ability to control their own fate. Fire NFTs owners can take part in team management, voting rights, and intellectual property/licensing rights for team logos and names. If the owner/hodler sold their Fire NFTs, they would get 40% of the money made from the sale.
The release went on to state that the “Dogefather” himself, Snoop Dogg, would be joining forces with Ice Cube and Lee to help expand the DOGE ecosystem within the BIG3.
With the recent surge in popularity and value of dogecoin, it is no surprise that NFT collectors are planning to spend more on virtual currency in the coming year. Dogecoin has seen a massive increase in value, with some estimates suggesting that it could reach $1 by the end of 2022. This would make it one of the most valuable cryptocurrencies in the world.
The BIG3 introduced a new league ownership structure last month, in which each of the 12 clubs is sold as a tokenized interest. Each team is given 1000 NFTs in total, with 25 “Fire” NFTs worth $25,000 each and 975 “Gold” NFTs worth $5,000 each.
In the press release, Lee made a small jab at NFT initiatives that include apes and owls, implying that he only considers projects with real-world application. Even though some ape and owl projects have aided hodlers, this is a big statement for someone primarily engaged in creating wallets for a meme coin that was conceived as a joke.