May 5, 2022
By Sharan Kaur Phillora
Bill Lee, the founder of MyDoge, a self-custodial Dogecoin wallet, has apparently paid $600,000 for 25 Fire-Tier versions of BIG3’s Aliens through Dogecoin, making it the biggest commercial transaction in Dogecoin history.
Here’s what we know:
Ice Cube, an American rapper, founded the Big3 professional basketball league. Big3 chose to sell the team’s rights using non-fungible tokens (NFTs). In fact, the Big3’s league decided to sell 25 Fire-tier NFTs, which give holders ownership of Killer 3s’ rights, intellectual property (IP), and league-approved goods.
Lee’s ownership rights of the NFT will lead to Big3’s acceptance of Dogecoin, resulting in the integration of the MyDoge wallet, allowing players, coaches, and teams to earn Dogecoin tips on Twitter.
“While others purchase NFT pictures of apes and owls, I feel that NFTs with usefulness are the next frontier. The BIG3’s acceptance is changing the NFT game by granting ownership rights such as team voting/management, licensing/IP, and merchandising “, Lee said.
He further added, “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 today.”
Dogecoin has recently experienced a surge in use among musicians. Rito Rhymes, a New York rapper, made his Dogecoin-inspired song by singing an audio version of the Dogecoin Foundation’s Trailmap. The Foundation Trailmap puts forth a strategy for protecting Dogecoin through network diversification.
This provides new possibilities for payment providers, merchants, game developers, and social media platforms to easily implement Dogecoin into their systems by employing massive backend options like the GigaWallet Project and Libdogecoin, the initiatives of which will start to take shape soon.
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.