Snoop Dogg has purchased a minority stake in Bivouac, a team a part of Ice Cube’s BIG3 basketball league.
According to a press release, Snoop Dogg joined venture capitalist and co-founder of PayPal Ken Howery to buy 25 Fire-Tier editions of Bivouac. While Snoop Dogg can officially celebrate becoming a team owner, he hinted at it in a video clip posted in late April by Ice Cube on Twitter.
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
Get In Where You Fit In
“Yeah I am going to get me a couple teams…cause I ain’t gon buy one imma get a couple of teams because I’m with the moves,” Snoop Dogg said. “Yall better hurry up and get in where you can fit in because there may be nothing left.”
Snoop Dogg and Howery can now enjoy the added perks which accompany becoming a BIG3 team owner.
As AfroTech previously reported, purchasing 25 Fire valued at $25,000 each will permit the buyer to become a team owner and acquire additional perks including a percentage of future team sales, access to team practices and parties, VIP tickets to games, and championship merchandise and memorabilia.
“The BIG3 is on the leading edge of enabling blockchain technology as utility,” said Howery, according to a press release. “The league’s embrace of NFTs as ownership rights is both visionary and practical; key features of every smart investment.”
A Statement From Ice Cube, According To A Press Release:
“We are absolutely thrilled to have Snoop, Ken, and their communities on board with the BIG3. 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.”