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.
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.
Essentially, the Big3 league decided to sell 25 Fire-tier NFTs for $25K per unit. The NFTs give the owners rights to Killer 3s’ licensing, intellectual property (IP), and league-approved merchandise. Degods DAO acquired the Killer 3s team for approximately $625,000 by purchasing all 25 NFTs tied to the 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 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 Wu-Tang Clan record titled “Once Upon a Time in Shaolin”. Another DAO recently revealed 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 has seen 397,300 SOL or $37,234,956 worth of NFT sales volume. The collection has 4.5K owners and the current floor price is $28,162 or 300.5 SOL. “A deflationary collection of degenerates, punks, and misfits. Gods of the metaverse [and] masters of our own universe. Powered by the Solana Blockchain,” Degods’ description on Opensea explains.
