Ice Cube's BIG3 League Faces Proposed Class Action Lawsuit From NFT Holders

Ice Cube's BIG3 League Faces Proposed Class Action Lawsuit From NFT Holders

Ice Cube’s BIG3 league is planning to go public amid a lawsuit. As AFROTECH previously reported, the 3-on-3 league, launched in 2017, operates teams in cities including Miami (Miami 305), Houston (Houston Rig Hands), and Los Angeles (LA Riot), which reportedly sold for $10 million each. In June, BIG3 announced plans to go public, giving fans a stake in the league. BIG3’s valuation reportedly sits at $290 million, according to a press release. It…

Ice Cube & BIG3 Have Big Legal Headache With New Lawsuit For Allegedly Hawking Fake Ownership Stakes

Ice Cube's BIG3 basketball league is being sued by NFT investors claiming the league broke promises about ownership rights.

BIG3 NFT buyers sue Ice Cube league over unfulfilled promises - The Blockopedia

A group of buyers who purchased NFTs from Ice Cube’s BIG3 basketball league has filed a class action lawsuit in California Superior Court. They claim the league misled them about ownership rights and benefits tied to the digital tokens. The lawsuit, filed last July but recently highlighted by Front Office Sports, alleges the BIG3 engaged […] The post BIG3 NFT buyers sue Ice Cube league over unfulfilled promises appeared first on The Blockopedia.

BIG3 NFT Buyers Sue Ice Cube's Basketball League Over Alleged Unfulfilled Promises

Investors who purchased BIG3 NFTs expected the perks of team ownership, but allege "deceptive, fraudulent" marketing was at play.

Big3 Fighting Suit Over NFTs Amid Plans to Take League Public

In 2022, Big3 offered a set amount of NFTs fans could buy, which included voting rights toward team actions, VIP tickets to games, and more.