Manik Aftab on May 6, 2022
There’s a lot of hype surrounding the Big3 Basketball League. Founded by rapper Ice Cube and entertainment executive Jeff Kwatinetz in 2017, Big3 onsists of 12 teams whose rosters include both former NBA players and international players. Now they have another big name investor.
According to TMZ, Snoop Dogg has become a part-owner in the Big3 Basketball League. The “Gin And Juice” rapper partnered with PayPal co-founder Ken Howery to pool $625,000 for a 40 percent stake in BIG3 team “Bivouac.”
“BIG3 opened the floodgates for people to grab a stake in the franchise team through NFTs… which is exactly what Snoop and Ken did. They weren’t the only ones, either.
“Popular NFT hubs DeGods, Gary Vaynerchuk and VeeFriends, Bill Lee and MyDoge/DogeCoin, and Krause House all got in the spending spree, copping all 25 Fire-Tiers of the Killer 3’s, Trilogy, Aliens and Ball Hogs, respectively.”
Howery reportedly purchased all 25 Fire for Bivouac priced at $25,000 each. In other words, the team’s stock was divided into blockchains for sale. Big3 kicks off on Saturday, June 18th.
What’s your take on this story? Sound off in the comments!
May 6, 2022 7:05 pm
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