Big3, an American three-on three basketball league, is considering a decentralized team ownership model for its twelve teams, which it currently owns. Ice Cube and media executive Jeff Kwatinetz co-founded Big3, which wants to sell ownership in the teams as digital assets for up to $66 million.
There will be 1,000 tokens available every team, with twenty-five tokens priced at $25,000 apiece and the remaining 975 tokens priced at $5,000 each. Owners of both versions will have voting privileges, gameday experiences, additional VIP bonuses, and NFTs.
