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Snoop & Gary Vee Got “Ownership” Of A Basketball Team With Ice Cube’s BIG3 NFTs

These BIG3 NFTs might become one of this year’s most entertaining stories. The 3-on-3 basketball league created by Ice Cube and Jeff Kwatinetz offers utility beyond belief for its “BIG3 Ownership” NFT collection. The Fire tier NFTs holders will get to effectively affect the game and the league via video calls with the team and coaches. They’ll also get the chance to be Team CEO, which is what Snoop, Gary, and the other projects seem to be looking for. “A BIG3 NFT holder is effectively a part of the team from the moment they wake up to the moment they go to sleep,” claims the league. These Ethereum-based NFTs come with “ownership-like benefits” in “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.” From those 25 Fire ones, a Team CEO is selected. So, each of the prominent buyers got all of the available ones for particular teams. The BIG3 league’s season five starts on June 18th, and it will receive live coverage on CBS and Paramaunt+. Will the owners and their NFT collections receive some of that coverage? And will they bring their own particular audiences to the BIG3 basketball league? The BIG3 League Announces Its NFT Series Recently, “Ice Cube guaranteed on a recent Twitter space that the league will be around for 100 years”. Considering the BIG3 is going into its fifth year, what we have here is a low time preference situation. In the blog post announcing the superpowers that the BIG3 Ownership NFT collection contains, they presented the project comparing Web 2.0 to Web3. “You can read a blog, comment on a blog, or even start your own blog. You can follow your favorite players on Twitter or Instagram. All of that is fine, but none of it allows you to make an actual impact on your favorite players, team, or league. Web 2.0 provides engagement. Web 3.0, which the BIG3 is diving into with this NFT drop, takes you past engagement and into an empowering experience.” The NFT excels in utility, among many other things it guarantees: attendance to parties after gamedays and invites to practices. Reserved owner suites, backstage access area, player and coach meet-and-greets. Plus, a championship game experience and “even a championship ring if your team wins the whole thing.” Plus, because it’s the law for NFT projects, “a dedicated Discord page for BIG3 owners.” However, the killer app is ownership. How Do The BIG3 NFTs Guarantee Ownership The new Team CEO is chosen among the 25 Fire tier NFT holders. Besides that, every one of those 25 will have “a direct and tangible impact on the league” by: “Access to weekly calls with your team to talk strategy leading up to each game” “Weekly video calls with referees to discuss rules and how you think their calls impacted the last game” “The unique opportunity to connect with commissioner Clyde Drexler as well as league founders Jeff Kwatinetz and Ice Cube three times a year to discuss fundamental strategy, changes, and ideas for the league” So yeah, owners will get to speak with Clyde the Glide and Ice Cube.  ETH price chart on Kraken | Source: ETH/USD on TradingView.com The New Owners: Snoop Dogg, Gary Vee, And More This is where it gets interesting. Since we’re talking about an NFT, members of the community came out in full force to support the idea. And to get into the conversation. So far, the celebrity owners that bought the 25 Fire tier NFTs from their respective teams are: Snoop Dogg and co-founder of PayPal Ken Howery got the 25 for team Bivouac. Gary Vaynerchuk and his VeeFriends NFT collection got the Triplets, who won the 2019 Championship. As referenced in our article about them, NFT community DeGods bought Killer 3. Bill Lee from MyDoge wallet brought the Dogecoin community by purchasing the 25 Fire-Tier for Aliens using DOGE. This was “the largest commercial transaction in history for the cryptocurrency.” Krause House, a basketball-focused Decentralized Autonomous Organization, got the Ball Hogs. Relevant Quotes From BIG3’s Site Speaking on the phenomenon, BIG3 co-founder Ice Cube said: “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.” For his part, GaryVee said: “I’ve been incredibly impressed with the pop culture relevance of the BIG3 league. Over the last several months I’ve been able to get closer with Cube and the rest of the team and I’m extremely excited about the impact of the Blockchain on professional sports. All of those ingredients create a scenario where I am excited to join this incredible league.” And BIG3 co-founder Jeff Kwatinetz contributed:  “We are thrilled to partner up with Bill and have the MyDoge and Dogecoin communities be represented by the Aliens. We have made history with this transaction, and we hope it inspires others in the Doge world to support the team whether by purchasing the Gold-Tiers, by attending games, or by tuning in.” As you can see, everyone is focusing on communities and the merging of the audiences. This is a win-win situation if we ever saw one. There could very well be enough star power in this deal to take both the BIG3 League and the NFT community to new heights. Featured Image: BIG3 Ownership NFT promotional image from the site | Charts by TradingView

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Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?

The mysterious organization known as The Proof Collective defines itself as “a private members only collective of 1,000 dedicated NFT collectors and artists.” To join the Proof Collective someone would have to, you guessed it, own their NFT. So, in theory, anybody can be a part of it. In practice, though, the floor price for one of their passes is around 88 ETH at the time of writing. The size of the investment keeps the undesirables away. The Proof Collective is all about NFTs. Because it’s the law, they run a private Discord in which you can probably receive the biggest alpha available. The organization also provides NFT info via its social media, produces a podcast in which they interview the biggest names in the NFT world, and, reportedly, owns a huge NFT collection.  At least its members do. According to the website, those members own 153K NFTs, including 148 CryptoPunks and 817 Bored Apes. Who are those members?  We wouldn’t know for sure. Its founders are Kevin Rose, of Diggs fame, and illustrator Justin Mezzell. And it has been widely reported that the Proof Collective gave free memberships to digital artist Bleeple and motivational speaker and NFT millionaire Gary Vee.  Enter The Influencers In the following video, one of the Proof Collective founding members, Internet legend and Diggs co-founder Kevin Rose, says. “This is the very beginning of what’s going to be a multi-decade journey to build a new media company.”  He also promises that Proof will combat FUD that comes with success by constantly shipping product. Moonbirds holders can expect benefits, airdrops, and physical objects related to the nascent brand. What Is The Proof Collective? The Proof Collective NFTs’ main benefit is the world’s most valuable currency: information. Besides a social club of sorts, the organization believes in “group bottoms-up-driven research.” Plus, some members are early NFT adopters that own all of the projects you hear about on social media and are actively looking for the next one. If you play your cards right and the gods smile in your direction, that  Proof Collective NFT might pay for itself in a few months. The organization takes things one step further, though. As “a new media company,” The Proof Collective produces and releases its own NFT masterpieces. Their first product where the Grails, which mint was solely for the members of the organization and had the slogan, “20 artists. 20 unique pieces of art. Artist names revealed after the mint.” So far, they’ve unveiled art by Tyler Hobbs, Claire Silver, Mike Shinoda, Larva Labs, Rachel Ryle, and Gary Vaynerchuk among others. The Proof Collective’s second product was the incredibly successful Moonbirds, who conquered the world on a bearish market. “There are a total of 10K Moonbirds, they were issued under the ERC-721 standard on the Ethereum blockchain. The mint price for each one was a whopping 2.5 ETH. That means that, at current prices, the Proof Collective made over $70M on that first day,” our report said. At the moment, the floor price for the Proof Collective NFT is 88 ETH, which at today’s exchange rate is more than $200K. And the prices of the listed for sale ones go up to a whopping 700 ETH. Currently, these NFT tickets sit at #17 in Cryptoslam’s “NFT Collection Rankings by Sales Volume” list. The project has sold more than $800K in the last 24 hours and more than $52M since the Proof Collective’s creation.  BTC price chart for 05/10/2022 on Gemini | Source: BTC/USD on TradingView.com We Need A Little Controversy Look, they don’t have any proof (no pun intended), but NFTethics suggests there’s something shady going on. “Some mentioned that we should check the purchases of proof collective, as many wallets only contains the proof collection and the floor is now 88 ETH. Wash trading is so common (…) these days that it’s not even noteworthy anymore.” 3/ Also nepotism is completely standard in the NFT space, so the fact that GaryVee (Gennady), his brother AJ, Beeple and some old friends received the Proof collective for free is standard. We saw quite a lot of other "old" friends that received the proof collective for free/$3. pic.twitter.com/o20NOgfIM4 — NFT Ethics (@NFTethics) April 15, 2022 Wash Trading is the process of buying and selling an asset in order to increase its perceived price. “In some situations, wash trades are executed by a trader and a broker who are colluding with each other, and other times wash trades are executed by investors acting as both the buyer and the seller of the security,” according to Investopedia. Could the Proof Collective have done that? Maybe. But there’s no evidence, all of this is mere speculation. In Conclusion The Proof Collective entered the NFT space with a bang. The space has never seen an ascension this fast and a track record this clean. So far, they’ve done everything right. Does that guarantee future success? No, it doesn’t. But it certainly is impressive. Check the previous edition of the Blue Chips NFT 101 series, Solana’s “DeGods.” Featured Image: Proof Collective NFT, promotional image from their site | Charts by TradingView

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This NFT Marketplace Is Breaking Barriers

NFTs seems to be an unstoppable force. The latest in the blockchain world, NFTs have grown from being traded at $100 million in 2020 to $23 billion in 2021. The 230x increase has got crypto investors searching high and low for quality NFT projects to support. Non-Fungible Tokens, or NFTs, are a way for the average consumer to authentically claim ownership rights over a digital asset. These assets can range from samples of an upcoming song by an artist, a piece of art, a tweet, or even the origins of the internet. A Peek Into The Elite Ecosystem Between all the emerging cryptocurrencies and NFT projects across the globe, Elite is a project that aims to stand out from the crowd. Developed through the integration of Telco, blockchain, metaverse, influencer communication and play 2 earn games, $ELITE is in a pursuit to provide a whole new experience to users. It combines the three most influential inventions of the 21st Century: smartphones, social media, and blockchain to deliver benefits to users, investors, and content creators alike. With the support to be traded on both centralized and decentralized exchanges, the token is based on the Polygon blockchain (an ETH-based layer 2 chain) as the most reliable and efficient solution for users’ needs. $ELITE is minted with a maximum supply of 4.4 billion. Currently, the $ELITE space includes entrepreneurs Sharon Fonseca and Gianluca Vacchi, YouTuber Anima, DJ-Model Andrea Damante and several other Series A players such as Andrea Ranocchia,  Marco Silvestri and the legend Alessandro Del Piero. More entrepreneurs and influencers are likely to be added in the upcoming months. Elite Token NFT Marketplace: Features & Token Analysis Users would have a chance to enter the exclusive “Elisium”, an exclusive social network. The elysium network features content generated by international influencers and is shared with fans through the platform. The project will firstly seek to launch an NFT Marketplace where NFTs by elysium celebrities can be purchased. The platform provides users access to a unique social network shared with celebrities. Users can also bid on NFTs created by some of the most influential personalities from all over the world. The marketplace would empower content creators to monetize their creations through interactions within the community. Moreover, this ecosystem adopts a profit-sharing model, which means that NFT holders would take a piece of the pie of profits made by the elysium content (both freemium and premium) associated with the specific NFT they hold. These NFTs are both in the form of collectibles and experiences where people can meet and interact with notable individuals. The basis of the NFT project is the $ELITE token. $ELITE is already a part of several Play-to-Earn (P2E) initiatives and metaverses. Can the $ELITE Token NFT Marketplace Be The Next OpenSea The project supposedly has the potential to be one of the most accessible and cost-efficient NFT bidding platforms to date. The use of blockchain provides a much more secure transaction and ownership of the NFT content. Further, Polygon gives the tokens the advantage of Ethereum’s vast ecosystem without sacrificing scalability. This means users can avoid high gas fees without needing to sacrifice their let go of the enormous infrastructure that Ethereum offers. According to its roadmap, the project’s next aspiration is to build their Runiverse game that is aimed to be the first cross-metaverse platform to challenge other players on crypto’s market performances. The venture would combine the services of a telephone company and the features of a social network with the power of blockchain and NFTs to support and boost the creator economy on-chain. Hence, the future outlook of the projects looks extremely promising. However, investors, creators, and others are required to do their own research before pitching in their time and money.  

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What Connects Decentraland And Muun Wallet? The Casa Voltaire Mystery

Between 2014 and 2016, Casa Voltaire in Buenos Aires hosted the teams that built three important organizations for cryptocurrencies and web3. The Decentraland metaverse, smart contract auditing firm OpenZeppelin, and the Muun Wallet all started there. In the article “Casa Voltaire. The unknown history of the Palermo bunker where millionaire companies were born,” La Nacion […]