Ice Cube endorses DOGE and an “incredible and historic” transaction

Legendary rapper Ice Cube – aka O’Shea Jackson Sr. – has jumped on the Dogecoin (DOGE) bandwagon by backing an “incredible and historic” DOGE transaction.

Cube’s entry into the wild world of Dogecoin is related to the BIG3 basketball league that he co-founded. The organization consists primarily of former NBA stars in a three-on-three format as opposed to the regular five-on-five basketball games.

Last month, the BIG3 introduced a new ownership model for the league, which consists of selling token shares in each of the 12 teams. There are a total of 1000 non-fungible tokens (NFTs) allocated to each team, with 25 “Fire” NFTs valued at $25,000 per pop and 975 “Gold” NFTs valued at $5,000 each.

On Wednesday, MyDoge Wallet co-founder Bill Lee tweeted at Ice Cube, saying, “If you dig DOGE, me and the DogeArmy will take one too,” referencing a previous Ice Cube post announcing that Snoop Dogg buys two teams.

Ice Cube then responded with “C’mon Bill, you know I’m done with the DogeArmy.”

While it’s unclear exactly how “down” with the DogeArmy Ice Cube actually is, the BIG3 promptly fired a press release the same day announcing that Lee was purchasing all 25 Fire NFTs for the “Aliens” team through DOGE had.

The “incredible and historic” transaction, as described by Ice Cube, was valued at $625,000 or approximately 4.86 million DOGE at the time of writing, with BIG3 also calling it the “largest commercial transaction in history.” designated by DOGE.

Related: Tumbleweeds Blows Through Coinbase NFT on Day One: Just $75,000 in Volume

The Fire NFTs represent the higher end of ownership and use benefits such as: B. Match administration, voting rights and intellectual property/licensing rights for team logos, names and merchandise. Specifically, if the owner/hodler were to sell their Fire NFTs, they would also receive a 40% cut of the sale.

As part of the announcement, Lee took a glimpse at NFT projects involving monkeys and owls and suggested that he only considers NFT projects with benefits. This is, of course, despite the fact that some monkey and owl projects have built a utility for Hodler and is quite high-sounding rhetoric for a man mainly working on developing wallets for a memecoin created as a joke.

“While others buy NFT images of monkeys and owls, I believe NFTs with utility are the next frontier. Owning a basketball team is a dream and BIG3 is transforming the NFT game by offering ownership such as licensing/IP, team voting/management and merchandising.”