Bill Lee, the founding chairman of MyDoge, a self-custodial Dogecoin wallet, has purchased all 25 fire-tier editions of the Aliens, a Big3 basketball team.
The Big3 professional basketball league was founded by Ice Cube, an American rapper, and Big3 chose to sell the team’s rights using non-fungible tokens (NFTs).The Big3 league chose to sell 25 fire-tier NFTs, giving owners authority over the licensing, intellectual property (IP), and league-approved products of the Killer 3s.
Big3 will adopt Dogecoin as a result of the purchase, culminating in the integration of the MyDoge wallet, allowing players, coaches, and teams to earn Dogecoin tips on Twitter with a single tweet. MyDoge/Dogecoin will also be prominently displayed on team uniforms, events, and broadcasts.
“The Doge Army and I am excited to help Dogecoin become the people’s currency while also assisting our team in lifting the championship trophy. Today, I can’t think of a finer NFT experience than that “In a press statement, Bill Lee noted.
Large Dogecoin transactions have increased by 49 percent.
Large transaction spikes are usually connected with increased activity from institutional buyers and sellers, known as whales. According to IntoTheBlock, these transactions exceeded $100,000 and increased by 49 percent in the last 24 hours for Dogecoin.
Dogecoin is currently trading at $0.134, having reached highs of $0.137 on May 5. At the time of publication, Dogecoin had gained 1.94 percent in the previous 24 hours. The price of Dogecoin has dropped 3.76 percent in the last week. Similarly, the largest meme cryptocurrency’s profitability stands at 56%.
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