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The Decentralized Autonomous Organizations (DAOs) have acquired high-priced items over the past 12 months and on April 28, the Degods DAO revealed that it had acquired a Big3 professional basketball team called the “Killer 3”. The professional basketball league Big3 was founded by American rapper Ice Cube and Big3 decided to sell the rights to the team by mining non-fungible token (NFT) assets.
Big3 Team the Killer 3s sold for 25 NFTs
According to reports, a decentralized autonomous organization built on the Solana network called Degods DAO has purchased a Big3 professional basketball team. Big3 is a basketball league created by hip-hop mogul and actor Ice Cube and the matches in the league 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” using NFT technology.
The DeDAO has a professional basketball team. pic.twitter.com/TgcwKy9tLU
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– DeGods (33.3%) (@DeGodsNFT) 28 avril 2022
Essentially, the Big3 league decided to sell 25 Fire-level NFTs for $25,000 per unit. The NFTs give owners the rights to the licenses, intellectual property (IP), and league-approved products of Killer 3. Degods DAO acquired the Killer 3 team for approximately $625,000 by purchasing the 25 Killer-related NFTs 3. Degods DAO tweeted about the acquisition on April 28 and shared a video that read, “Now let’s win a fucking championship. »
Decentralized autonomous organizations continue to bid on high-priced items
Degods DAO tracks a number of DAOs that purchase high-priced items like properties, franchises, NFT collections, and intellectual property rights. For example, a DAO purchased an unreleased record from the Wu-Tang Clan called “Once Upon a Time in Shaolin.” Another DAO recently revealed that it wanted to buy fast food restaurants and a DAO called “Buy the Broncos DAO” tried to raise $4 billion to buy the Denver Broncos. Many failed purchase attempts, such as the DAO Constitution, which attempted to purchase an old copy of the US Constitution but lost the auction.
Degods is a popular Solana NFT project that saw 397,300 SOL or $37,234,956 in NFT sales volume. The collection has 4.5,000 owners and the current floor price is $28,162 or 300.5 SOL. “A deflationary collection of degenerates, punks and misfits. metaverse gods [and] masters of our own universe. Powered by Blockchain Solana,” says Degods description on Opensea.
How about a DAO buying a Big3 professional basketball team by acquiring 25 NFTs? Let us know what you think about this topic in the comments section below.
