BIG3 OwnershipBIG3 by BIG3 - April 3, 20220 Go to Source Author: Max StrettonIt’s the dream of every sports fans to one day have an ownership interest in their favorite team.For the average fan, it’s enough trouble affording tickets to a game, let alone gaining access tolegitimate sports league investment opportunities. As the market for professional sportsgrows, valuations are so high that only the extraordinarily rich and elite have the means toinvest. By embracing the future where others want to hold it back, BIG3 aims to change thissad reality.Now in its fifth season, BIG3 has already overcome numerous obstacles on its way to becomethe first sports league to succeed since UFC. Despite the NBA and others putting barriers in ourway, we have thrived through innovation. BIG3 listens to the fans and enacted rule changesthat increased speed, physicality, competitiveness and excitement. BIG3 listened to playersand coaches and empowered them to assemble and run their teams as well as led the way withhumane mental and physical health policies. The first league with black ownership, a blackcommissioner, a woman Chairman and two female head coaches (who each won achampionship), BIG3 “walked the walk” and showed the sports world the benefits that comewith diversity of ideas and backgrounds.The next step in BIG3’s evolution is greater engagement with the fans themselves. By creatinga model of “21st Century Ownership,” the league can benefit from direct fan engagement and atthe same time allow fans to enjoy many of the elusive benefits ownership often provides at aradically more accessible price point.With the advent of non-fungible tokens and blockchain technology, we can provide fans andinvestors aspects of ownership other leagues cannot or simply will not give. It is the efficiency,transparency and speed of the blockchain that makes BIG3 the perfect use case. Where othersmay exploit ‘hype’ to grab quick money and move on, BIG3 will use the technology of theblockchain as a transformative tool to redefine sports ownership forever by bringing true value,utility and ownership. In the process we will build the strongest community the sportsecosystem has ever seen.BIG3 will be selling its 12 teams through NFT technology. The owners of each team will receiverights and deliverables of high actual value and utility in five areas: Ticketing, Merchandise,Experiences & Activations, Direct Communication and Voting Rights. Each team will have 25‘Fire’ tier owners (who receive ALL listed benefits) and 975 ‘Gold’ tier owners, priced at $25,000and $5,000 respectively. BIG3 is new to this space but not to leading us into the future, and acareful reading of the benefits listed below will demonstrate the immense value this offeringbrings to holders maintaining BIG3’s commitment to its fans and stakeholders.Ticketing:Of course, owners will get free access to all games. When owners arrive on each gameday, theypark in the owners lot and enter through their own VIP entrance. They can then proceed totheir owners VIP seats, catered owner suites, or backstage. Secondly, owners will haveexclusive access to practices, press conferences and more.• Reserved Owner Suites with A level catering.• Reserved VIP owners seating section.• Backstage access area.• Player and coach meet and greets.• Attendance to on-site gameday Press Conferences• Availability to purchase additional quality tickets before general on-sale• VIP Owner parking and Owner special entrance.• Team CEO/Chairman/Pres (as chosen below) get 2 courtside seats each for all events• Availability to buy additional 5 seats in first 5 rows for playoffs and Championshipteam owners.• Championship game owners get hotels and the winning team also gets weekendaccommodations and amazing tickets to the All-Star game (this year in theBahamas).Merchandise:Sports team owners benefit from the popularity of their team names and logos; BIG3 is takingthe unusual step of granting top tier owners the right to monetize this commercial IP. As anowner you will obviously receive exclusive gear season to season. If your team happens to winthe Championship, owners will not only celebrate in the same Championship hats and shirts asyour players, but will get their own championship ring with the option to attend the ringpresentation ceremony aired on CBS. It doesn’t’ stop with merch as every owner will receive aFireball signed by all players on your team, the coach, the commissioner and founders. Specialitems will also be sent or airdropped to owners from time to time.• **** Owners will have IP rights to team names and logos ****• Subject to a 20% royalty to BIG3, Owners may create and sell individual art and designs.Designs subject to reasonable approval by Ice Cube. League will facilitate distribution(including on league website where merch is sold).• Team CEO/Pres/VP (elected by owners) will coordinate licensing deals for IP throughowner votes.• All categories apply subject to reasonable approval by league to avoid conflict withsponsors and to protect value of BIG3 league.• * Receive real Championship Ring* (cost minimum 5k each – same one playersand coaches receive). Also invited to take part in live and televised ring ceremony andbe presented ring!• Exclusive Merch collab with high fashion streetwear company only for owners (thismight be paid)• Personally signed Fireball by all players on your team plus Coach, Commissioner ClydeDrexler, Chairman Amy Trask, and Co-Founders Ice Cube and Jeff Kwatinetz.Experiences & Activations:Owners will get exclusive access to experiences that most fans never do. While the value ofmany things our owners get are able to be calculated, these life experiences are priceless.• Attendance to Owner Parties after gamedays and associated events with players andleague personnel.• Meet/Greets with Players and Coaches.• Play with the pros. Set up friendly games for top tier owners at All-Star game weekend.• Pre-Draft Day Party.• Events and experiences with the founders and management of BIG3 to get the insidescoop on how the league is run.• Invites to practices. (Usually day before)• In the event BIG3 goes public, opportunity to get allocation of stock at IPO price.• Ability to pre-purchase NFTs (whitelisted) for Expansion and International Teams.• Exclusive NFTs of Players and Teams (Highest Numbered to Owners)• Press Releases in advance of media servicing• Each Press Release will feature one selected owner to be quoted in release• Sponsor created/provided experiences• Dedicated Discord page for BIG3 owners. BIG3 owners will be updated daily by BIG3moderators.Direct Communication:Our owners have an ability to make their voices heard. If you want to see your team succeedyear in and year out you will want to engage with your coach, players and the league. Ownerswill get access to weekly video calls with their team to talk strategy leading up to each game.There will also be weekly video calls with referees to discuss rules and how you think their callsimpacted the last game. Lastly, owners will have the opportunity to connect with thecommissioner Clyde Drexler and founders Jeff Kwatinetz and Ice Cube three times a year todiscuss fundamental strategy, changes and ideas for the league.Voting Rights:On a day to day basis owners are faced with many difficult decisions regarding their teams’future. Owning a BIG3 team means you get to vote on many key issues impacting your teamand the league as a whole. All teams will elect 3 owners that will serve as Team CEO, Presidentand Vice President. These individuals will be tasked with making sure all owners on their teamare up to date on key issues, scheduling team calls as well as helping to coordinate theexploiting of team IP.• Season and weekly Player and Coach Awards such as MVP, Offensive/Defensive awards,Best Rookie, Too Hard to Guard, etc. (MVP & Coach of the year will also be voted on byplayers/coaches as peer awards).• Team CEO/Team President/Team VP. Chosen from among “Fire” holders.• Team Colors each week (we have a minimum of 3 uniforms per team).• Player of the game/week to be featured on CBS/online/PR.• Vote on player/coach to do postgame interview for your team’s game• Vote on All-Star participants• Ranking of Top Ten plays each week• Picking of best highlights to service to media (SportsCenter, Print) and to post on socialsand league sites.Additionally, our 21st Century ‘Fire’ Owners will receive one of the most groundbreakingownership benefits in professional sports in regards to if and when individual teams are soldin the future. In the event a sale is desired, once approved by BOTH BIG3 and the majority ofteam owners, 40% of the sale price will go to holders of Fire Tier NFTs. To be clear, NO SALEof a team may be effectuated without the compensation and approval of a majority of theFire tier owners. (Teams will only be sold and owners paid in compliance with Securitiesregulations as they evolve).These five pillars of ownership will continue to grow and evolve as time goes on and we gainmore feedback and input from our community. The value of these ownership packages areincredible on their own, but blockchain technology makes it all work efficiently. It enablestracking of ownership, smooth sales and transfers, easily enables communication with owners,and lets us precisely determine who is entitled to owner rights, merchandise and memorabilia,and experiences so we can easily deliver these benefits. Whether purchased as a fan or aninvestor, this technology will provide the most robust ownership experience from purchasethrough to a sale (if ever desired).We intend the sale of our teams as only the beginning of BIG3’s WEB3 transformation. BIG3will become the most prominent WEB3 based sports league the world has ever seen by offeringproducts and services that utilize and incorporate blockchain and crypto based technologies todrive innovation for both the league, our outstanding players and coaches, and our dedicatedfans.This is the next chapter in the history book of the BIG3 as we continue changing the game!The post BIG3 Ownership appeared first on BIG3. Go to Source Author: Max StrettonShare this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Related