DAO buys 3×3 basketball league
Decentralised autonomous organisation (DAO) DeGods has bought a large stake in Big3 team Killer 3s by buying non-fungible tokens (NFT) .
The sealed deal means a high influence over all the 12 franchises that comprise the Ice Cube-backed three-on-three basketball league.
Prodaily reports that Big3 says the development is a major endorsement in its plans for the competition, adding that 100,000 people haves signed up to its ownership Discord channel since launching its NFT initiative earlier this month.
“This is a huge step forward in the innovative ownership-like model we are creating for the league,” said Big3 co-founder, Jeff Kwatinetz. “Big3 teams have not been organised around geographical locations so instead of being from a city or state our teams are going to represent communities.
“The DeGods bring a diverse, very active, and forward thinking fan base to our league and we are looking forward to them spearheading community fandom for their team. We are thrilled to welcome DeGods to the Big3 and are looking forward to collaborating on the future of their team and the league overall.”
“This is probably the most fascinating experiment in the entire NFT space right now,” said DeGods Founder, Frank DeGod. “It’s cool because owning and operating a basketball team is a dream for millions of people. Now, we get to make that dream true for our holders.”