DeGods DAO Buys $625,000 Basketball Team In Ice Cube’s Big3 League


Excessive-ticket objects have been on the procuring record of decentralized autonomous organizations (DAOs) during the last 12 months, and on April 29, the DeGods DAO introduced the acquisition of a BIG3 skilled basketball membership dubbed the “Killer 3s.”

The DeGods DAO bought all 25 of Killer 3s’ so-called ‘fire-tier’ NFT possession shares. Every NFT prices $25,000, totaling roughly $625,000, DeGods introduced.

These tokens grant homeowners the correct to license and mental property rights in reference to group names, merchandise, logos, and different game-day promotional campaigns.

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DeGods DAO Enters The Hardcourt

Meet-and-greets with gamers and coaches, autographed memorabilia, entry to practices and after-parties, and cellphone calls with Ice Dice, Kwatinetz, and commissioner Clyde Drexler are additionally included.

DeGods has additionally gained the power to whitelist as much as 500 of the 975 gold tier NFTs for buy by its members.

These NFTs supply VIP entry to all matches, particular version objects, voting privileges, cellphone calls with captains, coaches, commissioners, and referees, in addition to a championship ring for profitable group homeowners, who may even obtain a share of future group gross sales.

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BIG3 is a basketball league based by Ice Dice, a hip-hop mogul and actor. The league’s video games are performed within the type of a three-on-three basketball competitors.

Frank DeGod, the creator of DeGod, was reported as saying:

“That is maybe essentially the most thrilling experiment now going down within the NFT sector… it’s cool as a result of proudly owning and controlling a basketball group is a fantasy shared by tens of millions of individuals. Now, now we have the chance to make that aim a actuality for our holders.”

DAOs leverage sensible contracts and a algorithm to empower collectives with decision-making authority, moderately than a person or a centralized entity.


The BIG3's embrace of this new know-how is in step with a league that's at all times on the reducing fringe of social traits. (Picture credit score: Clutch Factors)

Basketball And The NFTs Period

The principles, in addition to any actions performed, are recorded and validated utilizing blockchain know-how, theoretically making certain a excessive degree of transparency.

The rosters had been previously decided by the captains and coaches — nevertheless group chief executives, presidents, and vice presidents will now be chosen from amongst Fireplace stakeholders — and the video games are held in a wide range of locations all through the summer season.

“Proper now, we live within the NFT period,” Ice Dice, who lately bought 265 of DeGods’ NFTs, defined.

The BIG3’s embrace of this rising know-how is according to a league that’s continuously on the reducing fringe of social traits.

“It’s a interval when followers can really buy a chunk of any of the BIG3 groups or all the BIG3 groups through the blockchain,” the rapper continued.

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