Felecia Davis 
Iconic rapper Ice Cube — also referred to as O’Shea Jackson Sr — has jumped on the Dogecoin bandwagon along with his endorsement of an “incredible and historical” DOGE transaction.
Cube’s entry into the wild world of Dogecoin is expounded 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.
Last 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 crew, with 25 “Fire” NFTs value $25,000 a pop, and 975 “Gold” NFTs at $5,000 every.
On May. 4, MyDoge pockets co-founder Bill Lee tweeted at Ice Cube saying “if ya dig DOGE, me and the DogeArmy will take one as well,” in reference to a earlier publish from Ice Cube saying that Snoop Dogg was shopping for two groups.
Ice Cube then replied with “come on wit it Bill, you know i’m down with the DogeArmy.”
Come on wit it Bill, you realize I’m down with the #DogeArmy https://t.co/d9C1TzS4ff
— Ice Cube (@icecube) May 4, 2022
While it’s unclear how “down” with the DogeArmy Ice Cube really is, the BIG3 promptly fired out a press launch on the identical day saying that Lee had bought all 25 Fire NFTs for the “Aliens” crew by way of DOGE.
The “incredible and historical” transaction as described by Ice Cube was value $625,000 or roughly 4.86 million DOGE, with the BIG3 additionally calling it the “largest commercial transaction in history” of DOGE.
Related: Tumbleweeds blow by Coinbase NFT on its first day: Just $75K in quantity
The Fire NFTs signify the upper finish of possession and utility advantages, similar to sport administration, voting rights and mental property/licensing rights for crew logos, names and merchandise. Notably, if the proprietor/hodler was to promote their Fire NFTs, they’d additionally get a 40% minimize of the sale.
Incredible and historic https://t.co/ouulpk0xdd
— Ice Cube (@icecube) May 4, 2022
As a part of the announcement, Lee took a slight dig at NFT tasks that includes apes and owls, suggesting that he solely seems to be at NFT tasks with utility. This is after all, even if some ape and owl tasks have constructed utility for hodlers, and is fairly lofty rhetoric for a person primarily engaged on creating wallets for a memecoin that was created as a joke.
“While others are shopping for NFT photographs of apes and owls, I consider that NFTs with utility are the subsequent frontier. It is a dream to personal a basketball crew and the BIG3 is shifting the NFT sport by providing possession rights similar to licensing/IP, crew voting/administration, and merchandising.”
