Big3 co-founders Ice Cube and Jeff Kwatinetz plans to sell stakes in its 12 teams as digital assets bringing in up to $66 million.

Each team of the three-on-three basketball league will have 1,000 tokens available in two editions: twenty-five tokens priced at $25,000 and the remaining 975 at $5,000 each.

Owners of both versions will have voting privileges, gameday experiences, additional VIP bonuses, and NFTs. Exclusive intellectual property (IP) and licensing rights for the teams' names, products, and other commercial opportunities will be provided by the more expensive token.

Additionally, token owners will receive a portion of any future team sale and will be able to sell their share in the team.

Kwatinetz noted that when they founded the BIG3 five seasons ago, their mission was to be innovative and create opportunities for players and fans that other leagues lack.

While other leagues are flirting with fan ownership, none have more flesh on the bone than BIG3 club owners, according to Ice Cube.