Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the “Killer 3s.” The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied to the team by leveraging non-fungible token (NFT) assets.
The Killer 3s by Big3 Team are now available for purchase at 25 NFTs
Degods DAO, an autonomous decentralized organization based on the Solana network has bought a Big3 pro basketball team. Big3 is a basketball league crafted by the hip-hop mogul and actor Ice Cube and the league’s games are based on a 3-on-3 basketball tournament style. Recently, the Big3 decided to sell the rights to a team called the “Killer 3s” by using NFT technology.
DeDAO now has a professional team of basketball players. pic.twitter.com/TgcwKy9tLU
— DeGods (33.3%) (@DeGodsNFT) April 28, 2022
The Big3 league sold 25 Fire-tier NFTs at $25K each. The NFTs give the owners rights to Killer 3s’ licensing, intellectual property (IP), and league-approved merchandise. The Killer 3s team was purchased by Degods DAO for $625,000. They also bought all 25 NFTs that were tied to Killer 3s. Degods DAO tweeted about the acquisition on April 28 and shared a video that said: “Now let’s win a f***ing championship.”
Decentralized Autonomous Organisations continue to bid on high-ticket items
The Degods DAO is following a variety of DAOs purchasing high-ticket items such as properties, franchises and NFT collections. For instance, a DAO purchased an unreleased Wu-Tang Clan record called “Once Upon a Time in Shaolin.” Another DAO recently revealed it wanted to purchase fast-food restaurants and a DAO called “Buy the Broncos DAO” tried to raise $4 billion to buy the Denver Broncos. Many failed attempts at buying have been made, such as the Constitution DAO which attempted to buy an outdated copy of U.S. Constitution. However, the auction was canceled.
The Solana NFT Project Degods was a hit. It has been sold for 397.300 SOL and $37.234,956 of NFT revenue. The current floor price for the collection is $28,162 or 300.5 SOL. “A deflationary collection of degenerates, punks, and misfits. The metaverse’s Gods [and]Master of our own universe. Powered by the Solana Blockchain,” Degods’ description on Opensea explains.
How do you feel about the possibility of a DAO purchasing a Big3 pro basketball team through 25 NFTs. Comment below and let us know how you feel about the subject.
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