The DogeArmy and Doge Investment
In response to Bill Lee’s investment in the “DogeArmy,” Ice Cube has said that he is on board with the rappers’ BIG3 basketball league in DOGE as a consequence of the investment. O’Shea Jackson Sr. popularly known as the famous singer Ice Cube has backed a Dogecoin transaction that he describes as “unique and historic.”
His excursion into the crazy world of Dogecoin, which he co-founded, may have something to do with his involvement with the BIG3 basketball league. Three-on-three basketball is preferred over five-on-five basketball by the bulk of the team’s players, who are mostly former NBA players.
BIG3 announced earlier this month that it would introduce a new method of acquiring ownership of the league’s 12 teams: the sale of tokenized stakes. Twenty-five of the thousand nonfungible tokens (NFTs) is valued at $25,000 each, while the remaining 975 “Gold” NFTs are worth $5,000 each.
Ice Cube claims Transaction is Incredible and Historical
Bill Lee, the co-founder of MyDoge wallet, responded to Ice Cube’s revelation that Snoop Dogg will be acquiring two teams with a tweet on Wednesday, “If you like DOGE, me and the DogeArmy will take one as well.”
“Come on with it, Bill, you know I’m down with the DogeArmy,” Ice Cube said, joking with the other characters.
However, there has been no indication of Ice Cube’s involvement with DogeArmy in any formal statements thus far. According to a press release published by the BIG3, Lee has, on the other hand, secured all 25 Fire NFTs for the “Aliens” team via the Department of Defense.
Incredible and historical https://t.co/ouulpk0xdd
— Ice Cube (@icecube) May 4, 2022
It was worth $625,000 as of this writing, which Ice Cube described as “incredible and historic.” Ice Cube was there during the transaction. According to DOGE, the BIG3 deal is also referred to as the “largest commercial transaction in history.”
The Fire National Football League NFTs represent ownership and utility benefits such as game management, voting rights, intellectual property/licensing of team names and commodities, as well as ownership and utility advantages such as game management. If the owners/hodlers of fire NFTs opt to sell their NFTs, they will get a 40 percent share of the proceeds.
The Future of NFTs
As a side note, he made fun of some of the other projects, claiming that Lee is only interested in the practical uses of NFT. While this may be accurate, it is not something you would expect to hear from a man who spends the majority of his time working on meme currency-related activities, such as building meme coin wallets.
He also made a statement about NFTs, saying that, NFTs as photographs of apes and birds are becoming more popular, but I believe that NFTs with real-world applications are the next step forward. In addition, the BIG3 is altering the game of NFT by offering ownership rights such as licensing and intellectual property, team voting and management, and merchandising, which has been a longtime dream for many individuals.
Also Read: Meta’s Instagram to accept NFTs