Dogecoin Used to Purchase NFTs Worth $600,000 in Historic Transaction

NFT

Bill Lee, founding chairman of MyDoge, has purchased 25 Fire-Tier editions of BIG3’s Aliens through Dogecoin

Bill Lee, Founding President of MyDoge, a self-custodial Dogecoin wallet, purchased 25 Fire-Tier Editions of Aliens from BIG3 via Dogecoin for a whopping $600,000, marking the largest business transaction in history for the same cryptocurrency.

The Big3 professional basketball league was formed by American rapper Ice Cube, and Big3 opted to sell the team’s rights by leveraging non-fungible tokens (NFTs). In essence, the Big3 league chose to sell 25 Fire-tier NFTs, which grants owners ownership of Killer 3s’ licensing, intellectual property (IP) and league-approved products.

Following the purchase of NFT, Lee’s ownership rights will lead to the adoption of Dogecoin by Big3, leading to the integration of the MyDoge wallet so that players, coaches and teams can receive Dogecoin advice on Twitter with just a tweet. Additionally, Aliens will prominently feature MyDoge/Dogecoin on team shirts, events, and broadcasts.

“While others are buying NFT images of apes and owls, I believe that NFTs with utility is the next frontier. It is a dream to own a basketball team and the BIG3 is shifting the NFT game by offering ownership rights such as licensing/IP, team voting/management, and merchandising,” said Lee. “The Doge Army and I look forward to making Dogecoin the people’s currency while helping our team hoist the championship trophy. I can’t think of a better NFT experience than that today.”

Music Inspired by Dogecoin: Rapper Releases Dogecoin Foundation Trailmap Acapella

Lately, Dogecoin has seen a lot of musicians incorporating it into songs. A New York rapper who goes by the name of Rito Rhymes created his Dogecoin-inspired music, performing an acapella version of the Dogecoin Foundation Trailmap. The Foundation Trailmap outlines a strategy for securing Dogecoin through network diversification while defining what Dogecoin is through a written and verifiable Dogecoin Standard.

It also opens up new opportunities for payment providers, retailers, game developers and social media platforms to quickly integrate Dogecoin into their infrastructure using scalable backend solutions like the GigaWallet Project. Soon, the Libdogecoin and GigaWallet projects will begin to take shape. The first Dogecoin transaction sent without the internet—sent via Radiodoge—was reported by U.Today last month.

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