Posted Up – Ice Cube on the fans’ chance to buy BIG3 ownership stake
The BIG3 founder joined the “Posted Up with Chris Haynes” podcast to discuss the league’s latest venture, allowing fans and investors to purchase stakes in one of the 3-on-3 basketball squads. Hear the full conversation on the Posted Up with Chris Haynes podcast. Subscribe on Apple Podcasts, Spotify, Stitcher or wherever you listen.
[MUSIC PLAYING] CHRIS HAYNES: The Big3. You guys made a big announcement this morning. Ownership. So of all the teams you have, there’s going to be a chance for fans to invest in ownership of each team. Now can you explain how this came about and explain the process in which fans can get involved? ICE CUBE: Well, you know, when we started the Big3 you know, we as a league own all the teams and we knew as the league grew we would have individual owners at some point as the league grew. And when the NFT blockchain kind of started to come into the public’s view we saw this as a great opportunity being the Big3 to not have just millionaire, billionaire owners who may be into other things, but to actually have fans own pieces of the teams. So this is like the match made in heaven because we’d rather have fans who are passionate, or even investors who are passionate about the league, to really focus on growing the league and helping us grow the league by becoming owners of our teams. There’s only 1,000 spots so to speak. You know, we have two tiers of ownership and so to me it’s great because we’re doing things to make you feel like an own. It’s a lot of meat on the bone. Other leagues are doing it, but they’re doing more a hyped up VIP package. You know, ours is real ownership, you know, you can even use the IP of your team to create other opportunities, you know, in business. So it’s just a great day because now we can do it through this NFT blockchain system and we can, you know, actually have a means to really deliver on all the things that we’re promising in ownership of the Big3 teams. CHRIS HAYNES: What are going to be some of the major perks involved in being a part of ownership? ICE CUBE: If you show up to a Big3 game, you’re definitely going to be treated like an owner, you know, without a doubt. You know with, I mean, you know, you can come to practices. You can come to the arena early. We got your owner the box ready for you. If your team makes it to the championship you get a ring, you know, if you win. So I mean, I mentioned being able to use the IP which is the intellectual properties. You know, if you want to create ashtrays and coffee mugs and whatever you want to do with it, you know, you can be able to do with it. Having voting rights, you know, what decisions the teams make. Being able to speak to the team on a weekly basis. Being able to speak to the officials you know, if you’re didn’t like a call. It’s just you know, there’s more things than I can really name off if you really read what we’re offering. Like I said, it’s more meat on the bone than any other league trying to do this. [MUSIC PLAYING]