Snoop Dogg is now part-owner of Ice Cube’s Big3 Basketball Team, Bivouac.
The Death Row rapper now has minority ownership stake in Bivouac, one of the teams in Ice Cube’s Big3 basketball league. Snoop partnered with PayPal co-founder Ken Howery to purchase the team. Snoop and Howery put down $625,000 to buy a 40 percent stake in the team. The two made the purchase exclusively through NFTs.
“The BIG3 is on the leading edge of enabling blockchain technology as utility,” Howery said. “The league’s embrace of NFTs as ownership rights is both visionary and practical; key features of every smart investment.”
Last month, Snoop hinted at buying “a couple” of teams in a video clip featuring Ice Cube.
Snoop is buying 2 teams in the BIG3. Better get in where you fit in and join the BIG3 Ownership Discord. 🏀🏀🏀 pic.twitter.com/RvXABl3XXh
— Ice Cube (@icecube) April 23, 2022
“We are absolutely thrilled to have Snoop, Ken, and their communities on board with the BIG3,” Ice Cube said in a statement. “Having someone with Ken’s knowledge and experience. Wanting to be a part of our league demonstrates that we are moving in the right direction. Snoop is an undisputed legend who has jumped headfirst into the Web3 space. And clearly understands the importance and the value of what we are trying to create. Together, I know they will take Bivouac to new heights, and we can’t wait to get started.”
Last month, Big3 announced its new NFT-driven ownership model. The model is “offering ownership-like benefits via two-tier options comprising 12,000 editions. 1,000 for each of the league’s twelve teams that include 25 Fire priced at $25,000 each and 975 Gold priced at $5,000 each.”
The editions went on sale today for select Discord members and will be available to the public on Sunday at 11 a.m. ET.
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