BIG3 Basketball, the league founded by Ice Cube, will allow fans to own teams via NFT'sThis basketball league is characterized by its original proposals and, once again, it is giving something to talk about.
This article was translated from ourSpanish edition.
BIG3is a professional basketball league featuring many of the formerNBAlegends in a3v3player format. Founded in 2017 by rapperIce Cubeand entertainment mogulJeff Kwatinetz, it's a different format that has allowed viewers to see figures of yesteryear like Kenyon Martin, Charles Oakley and Mike Bibby back in action. The league is made up of twelve teams that face each other on eight dates between the months of June and August. Four games are played each day, and the team that reaches 50 points first wins.
The league's slogan is"We are changing the game"and the announcement it has just made confirms it: from nowon, fans will be able to acquire a part of the teams through NFT's(non-fungible tokens). , that is, crypto assets that represent something unique). BIG3 announced that it will split the ownership of the teams through block chains (blockchain) and that each team will have a total of 1,000 NFT's in two groups: 25 NFT's "Fire" (worth $25,000 dollars each) and 975 NFT's. "Gold" (worth $5,000 each).
Currently the league owns the teams 100%.
In an interview withDecrypt, Ice Cube commented: "The NFT blockchain revolution came along, so to speak, and we thought, 'Hey, do we want any of the bigwigs to come in and buy the equipment? This is a great way for fans to own it. For me it is a no-brainer. I mean change the game and change the paradigm."
As expected, the NFT's will come loaded with a series of benefits: entrance tickets to all the games in the league, exclusive VIP experiences, special merchandise and – most importantly – voting on important team matters.
With this moveBIG3 breaks paradigmsand points to what could be the future of sports leagues. That will tell time.
