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Prabhjeet Bhatla
May 7, 2022
by Prabhjeet Bhatla

$DOGE Wallet Founder Makes ‘Largest Commercial Dogecoin Transaction’ in History

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Bill Lee, the founder of self-custodial Dogecoin ($DOGE) wallet MyDoge, has purchased 25 Fire-Tier copies of BIG3's Aliens for $625,000, making it the "biggest commercial Dogecoin cryptocurrency transaction in history."

According to a news statement, Lee, who is also the co-founder of Craft Ventures, paid $625,000 for the 24 Fire-Tier non-fungible tokens (NFTs) that confer ownership in Ice Cube's Big3 basketball league's Aliens squad.

Big3 co-founder Jeff Kwatinetz was cited as saying, "We're happy to team up with Bill and have the MyDoge and Dogecoin communities be represented by the Aliens," noting that the deal "made history."
Big3's new ownership model, which was revealed earlier this month and offers NFT owners "ownership-like perks," was used to sell the NFTs. The squad will "embrace Dogecoin and incorporate MyDoge," according to the press release, so that "players, coaches, and the team can receive Dogecoin advice on Twitter with only a tweet."
The team the Dogecoin wallet founder bought will also “MyDoge/Dogecoin prominently on team jerseys, events, and broadcasts. Lee commented that Big3 is “shifting the NFT game by offering ownership rights such as licensing/IP, team voting/management, and merchandising.” He added:
“The 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 that today.”

The move came after Solana-backed NFT decentralized autonomous organization (DAO) DeGods DAO paid $625,000 for the Keller 3s, another team in Ice Cube's league. Another DAO, Krause House, has "decided to purchase 25 Fire-Tier editions of a BIG3 team, obtaining ownership-like value and usefulness in the team," according to a news release on the platform's website.

Gucci, the luxury Italian fashion business, has begun to accept bitcoin payments at select U.S. locations. Dogecoin ($DOGE) and Shiba Inu ($SHIB) are two meme-inspired crypto assets that Gucci will accept.

Despite the fact that Tesla CEO Elon Musk supports DOGE, Google Trends data shows that SHIB is more popular in Europe than DOGE.

Last month, early Bitcoin adopter and advocate Roger Ver, dubbed "Bitcoin Jesus" at the time for his efforts to assist the early cryptocurrency community flourish, defended DOGE, claiming it is "much better" than BTC.

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$DOGE Wallet Founder Makes ‘Largest Commercial Dogecoin Transaction’ in History
Prabhjeet Bhatla
Prabhjeet Bhatla is a cryptocurrency writer covering startups and a researcher since 2020. She has authored many articles for Entrepreneur India and APAC (digital and print) on cryptocurrency and ever-evolving Blockchain, the technology behind Bitcoin, and other cryptocurrencies. She specializes in applied cryptography, privacy-enhanced information storage systems, anonymous cryptocurrencies, elliptic curve crypto-systems, and satellite television piracy.