The Decentralized Autonomous Organizations (DAOs) have been purchasing high-value items over the past 12 months. On April 28, the GAO Degods announced the acquisition of a Big3 professional basketball team called the Killer 3s. Big3’s professional basketball league was founded by American rapper Ice Cube, and Big3 decided to sell the rights associated with the team using assets in the form of non-playable tokens (NFT).
Big3 Team the Killer 3s Sold for 25 NFT
According to reports, a decentralized autonomous organization built on the Solana network called Degods DAO has acquired a professional basketball team called Big3. Big3 is a basketball league created by hip-hop mogul and actor Ice Cube, whose games are based on a 3-on-3 basketball tournament. Big3 recently decided to sell the rights to a team called “Killer 3s” using NFT technology.
DeDAO acquired a professional basketball team. pic.twitter.com/TgcwKy9tLU
– DeGods (33.3%) (@DeGodsNFT) April 28, 2022
In fact, the Big3 league has decided to sell 25 Fire level NFTs for $25K apiece. NFTs give the owners Killer 3s licensing rights, intellectual property (IP), and league-approved merchandise. Degods DAO purchased the Killer 3s team for approximately $625,000, purchasing all 25 NFTs associated with Killer 3s. Degods DAO announced the acquisition on Twitter on April 28 and shared a video that read: “Now let’s win the fucking championship.”
The decentralized autonomous organizations continue to bid for high prices
Degods DAOs follow a number of DAOs buying high-value items such as real estate, franchises, NFT collections, and IP rights. For example, one DAO purchased an unreleased Wu-Tang Clan record called “Once Upon a Time in Shaolin.” Another DAO recently announced that 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 team. Many purchase attempts failed, such as the Constitution DAO, which tried to buy an old copy of the U.S. Constitution but lost the auction.
Degods is a popular Solana NFT project that sold 397,300 SOL or $37,234,956. The collection has 4,500 owners and the current minimum price is $28,162 or $300.5 SOL. “A deflationary collection of degenerates, punks and losers. Gods of the meta-universe [and] masters of our own universe.” Powered by the Solan blockchain,” the description of Degods on Opensea states.
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