Professional basketball league BIG3, founded Ice Cube, recently announced plans to fractionalize team ownership by issuing NFTs for each of the 12 teams in its league.
Today, BIG3
announced that
Solana-based NFT project
DeGods will acquire the controlling interest in one of the teams. DeGods has agreed to buy all 25 of the Fire-tier NFT ownership stakes in Killer 3s, one of the league’s 12 teams.
“This is probably the most fascinating experiment in the entire NFT space right now, ” said founder Frank DeGods, in a release. “It’s cool because owning and operating a basketball team is a dream for millions of people. Now, we get to make that dream true for our holders.”