Snoop & Gary Vee Got “Ownership” Of A Basketball Team With Ice Cube’s BIG3 NFTs
May 13 2022 - 8:13PM
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These BIG3 NFTs might become one of this year’s most entertaining
stories. The 3-on-3 basketball league created by Ice Cube and Jeff
Kwatinetz offers utility beyond belief for its “BIG3 Ownership” NFT
collection. The Fire tier NFTs holders will get to effectively
affect the game and the league via video calls with the team and
coaches. They’ll also get the chance to be Team CEO, which is what
Snoop, Gary, and the other projects seem to be looking for. “A BIG3
NFT holder is effectively a part of the team from the moment they
wake up to the moment they go to sleep,” claims the league. These
Ethereum-based NFTs come with “ownership-like benefits” in
“two-tier options comprising 12,000 editions – 1,000 for each of
the league’s twelve teams that include 25 Fire priced at $25,000
each and 975 Gold priced at $5,000 each.” From those 25 Fire ones,
a Team CEO is selected. So, each of the prominent buyers got all of
the available ones for particular teams. The BIG3 league’s season
five starts on June 18th, and it will receive live coverage on CBS
and Paramaunt+. Will the owners and their NFT collections receive
some of that coverage? And will they bring their own particular
audiences to the BIG3 basketball league? The BIG3 League Announces
Its NFT Series Recently, “Ice Cube guaranteed on a recent Twitter
space that the league will be around for 100 years”. Considering
the BIG3 is going into its fifth year, what we have here is a low
time preference situation. In the blog post announcing the
superpowers that the BIG3 Ownership NFT collection contains, they
presented the project comparing Web 2.0 to Web3. “You can read a
blog, comment on a blog, or even start your own blog. You can
follow your favorite players on Twitter or Instagram. All of that
is fine, but none of it allows you to make an actual impact on your
favorite players, team, or league. Web 2.0 provides engagement. Web
3.0, which the BIG3 is diving into with this NFT drop, takes you
past engagement and into an empowering experience.” The NFT excels
in utility, among many other things it guarantees: attendance to
parties after gamedays and invites to practices. Reserved owner
suites, backstage access area, player and coach meet-and-greets.
Plus, a championship game experience and “even a championship ring
if your team wins the whole thing.” Plus, because it’s the law for
NFT projects, “a dedicated Discord page for BIG3 owners.” However,
the killer app is ownership. How Do The BIG3 NFTs Guarantee
Ownership The new Team CEO is chosen among the 25 Fire tier NFT
holders. Besides that, every one of those 25 will have “a direct
and tangible impact on the league” by: “Access to weekly calls with
your team to talk strategy leading up to each game” “Weekly video
calls with referees to discuss rules and how you think their calls
impacted the last game” “The unique opportunity to connect with
commissioner Clyde Drexler as well as league founders Jeff
Kwatinetz and Ice Cube three times a year to discuss fundamental
strategy, changes, and ideas for the league” So yeah, owners will
get to speak with Clyde the Glide and Ice Cube. ETH price
chart on Kraken | Source: ETH/USD on TradingView.com The New
Owners: Snoop Dogg, Gary Vee, And More This is where it gets
interesting. Since we’re talking about an NFT, members of the
community came out in full force to support the idea. And to get
into the conversation. So far, the celebrity owners that bought the
25 Fire tier NFTs from their respective teams are: Snoop Dogg and
co-founder of PayPal Ken Howery got the 25 for team Bivouac. Gary
Vaynerchuk and his VeeFriends NFT collection got the Triplets, who
won the 2019 Championship. As referenced in our article about them,
NFT community DeGods bought Killer 3. Bill Lee from MyDoge wallet
brought the Dogecoin community by purchasing the 25 Fire-Tier for
Aliens using DOGE. This was “the largest commercial transaction in
history for the cryptocurrency.” Krause House, a basketball-focused
Decentralized Autonomous Organization, got the Ball Hogs. Relevant
Quotes From BIG3’s Site Speaking on the phenomenon, BIG3 co-founder
Ice Cube said: “We are absolutely thrilled to have Snoop, Ken, and
their communities on board with the BIG3. Having someone with Ken’s
knowledge and experience wanting to be a part of our league
demonstrates that we are moving in the right direction. Snoop is an
undisputed legend who has jumped headfirst into the Web3 space and
clearly understands the importance and the value of what we are
trying to create. Together, I know they will take Bivouac to new
heights and we can’t wait to get started.” For his part, GaryVee
said: “I’ve been incredibly impressed with the pop culture
relevance of the BIG3 league. Over the last several months I’ve
been able to get closer with Cube and the rest of the team and I’m
extremely excited about the impact of the Blockchain on
professional sports. All of those ingredients create a scenario
where I am excited to join this incredible league.” And BIG3
co-founder Jeff Kwatinetz contributed: “We are thrilled to
partner up with Bill and have the MyDoge and Dogecoin communities
be represented by the Aliens. We have made history with this
transaction, and we hope it inspires others in the Doge world to
support the team whether by purchasing the Gold-Tiers, by attending
games, or by tuning in.” As you can see, everyone is focusing on
communities and the merging of the audiences. This is a win-win
situation if we ever saw one. There could very well be enough star
power in this deal to take both the BIG3 League and the NFT
community to new heights. Featured Image: BIG3 Ownership NFT
promotional image from the site | Charts by TradingView
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