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NFT

From Blockchain To Basketball: The Krause House

There are certain moments in our collective history as a humankind that mark a transitionary period. In the Late 1700’s, the Industrial Revolution completely changed almost everything within society. How we interacted, made money, and went to work were completely shifted because of one new industry. 


We are seeing a striking resemblance between that era of change to the ongoing transition to WEB3 today. As more and more people are on-boarded to the opportunities and accessibility that WEB3 has to offer, the industry will only continue to grow. At the forefront of this cosmic shift in human history are the founders of Krause House, a decentralized autonomous organization (DAO) with one simple goal, to buy an NBA team. This is the story of the Krause House.

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What Is a DAO?

To understand what the Krause House actually does, you have to understand what a DAO is. DAOs are collective organizations owned and managed by its members/holders, without centralized leadership. Each member of a DAO has a voice, similar to how shareholders vote in companies. Each holder will be a part owner and will have voting rights in decisions that affect the organization. In the Krause Houses sake, you can purchase three different membership tiers that come with exclusive benefits and voting rights to decisions the group makes. 

The idea of a DAO originated around 2016 during an early wave of crypto hype, but really began to surge when WEB3 was being introduced to the mainstream in 2020. DAOs are fundamental in what crypto and WEB3 aims to do, which is to put the user in control. Allowing like-minded people to come together to fund projects like this on a large scale was really unthinkable just a few years back.

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Krause House’s Beginnings

Flex Chapman, a software engineer by trade, has always been a hoops fanatic, but who can blame him? Growing up in Washington during the era of Rex Chapman routinely driving on towering defenders and taking no shit from no one would lead anyone to fall in love with the beautiful game. When Chapman saw the potential of what a DAO could do, he knew it was time to think bigger and bring those two passions together. In the words of Chapman:

“​​Team ownership shouldn’t be limited to a handful of billionaires, but rather a movement of individuals that want to be a part of the greatest professional league in the world. Fans breed life to the organizations in which they attach, so isn’t it reasonable to accept a shared portion of the ownership and upside? We don’t think it’s merely acceptable, but mandatory.”

What Chapman and Krause House aren’t afraid to do is think big. The parameters of what’s possible in the landscape of WEB3 is really untapped. The organization hasn’t even been fully running for a year and already they’ve raised $5 million through NFT sales. They’ve been able to meet with NBA front offices and players, and even partner with apparel companies and gyms. The brand has been growing and reaching new heights at every corner. Buying an NBA team may seem crazy still, but Krause House is a lot closer than you might think.

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Buying Into The BIG3

The biggest move that Krause House has made to date was purchasing a team in Ice Cube’s BIG3 league. The league is made up of retired NBA players and international hoopers who compete in 3v3 games of basketball. The league has been running 2017 and has become a popular alternative for basketball fans during the NBA offseason.  

In early May, the BIG3 announced a change to ownership that leveraged blockchain technology to sell NFT’s that served ownership-like benefits to holders. The Krause House was able to purchase all 25 fire-tier NFT’s for the Ball Hogs, giving them governing ownership of the team. Although the team didn’t hit the ground running, finishing the season 1-5, they still were able to add invaluable mentorship from head coach Rick Barry. Having one of the greatest NBA players on your side in an expedition to purchase an NBA team will only do good for the organization.

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What’s Next?

There are still quite a few hurdles to overcome if the Krause House wants to fulfill their goal of buying an NBA team, but that isn’t going to slow them down. The organization is currently in the process of getting a letter of intent from an NBA team. Although the NBA’s by-laws wouldn’t allow for a transfer of ownership in this fashion right now, Krause House is playing the long game. With one season as professional basketball team owners in their back pocket, the Krause House continues to establish and build its brand en route to buying an NBA team. 

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Sports

Heads Up! The 2022 BIG3 Playoff Preview

After eight weeks of traveling the United States and battling it out in 3v3 basketball games, the playoff picture for Ice Cube’s BIG3 league has been finalized. The BIG3 will begin its playoffs on August 14th, with two semi-final games. The next weekend on August 21st, the championship game will be held and the 2022 BIG3 league champion will emerge. Here is our preview of the semi-final matchups. 

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(1) Team Trilogy vs (4) Team Aliens

The first matchup of this year’s BIG3 playoffs will showcase the first seeded Trilogy against the fourth seeded Aliens. Team Trilogy was expected to be the second seed, but after a big win in the last week and a loss from the three-headed monsters, they claimed the first spot. Trilogy is looking to capture their third BIG3 championship since the league began in 2017, and will be led by captain and former NBA veteran James White. 

There is no guarantee that Trilogy will advance past this first round, as a valiant opponent in The Aliens sits opposite of them. The Aliens are lead by the #1 ranked 3v3 basketball player on the planet, Dusan Bulut. Coming off a loss last week against Power, The Aliens will need a generational performance to advance to the next round.

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(2) Team Three-Headed Monsters vs (3) Team Power

Team Power’s playoff hopes looked dim heading into the last week of the season. They had to win their last matchup of the year which they did, but their fate would be in Team Killer 3’s hands. After Team Killer 3’s lost, Team Power secured their spot in the playoffs. Power won the second ever league championship, but haven’t reached a finals since. 

There is no team in the BIG3 that knows the devastation of losing in the finals more than the Three–Headed Monsters. They lost in the championship game in 2017 and in 2021. If they can secure a first round win and Trilogy also advances, we will get a rematch of the 2021 BIG3 finals. I truly believe that this is the Three-Headed Monsters year. Coming off a finals loss, the motivation for Three-Headed Monsters to close it out is at dangerously high levels.

Categories
Sports

These Are the 5 Best ‘Big3’ Teams Heading Into The Postseason

Basketball is one of the most popular sports in the world. Teams like the 1992 USA Olympic Dream Team helped take the sport global.. In recent years, we’ve seen the format of how the game of basketball is showcased evolve. The Olympics now offer a 3v3 basketball event played on a half-court setting. A key reason we saw this form of basketball become so prominent is because of the Ice Cube founded ‘Big3’ league, which takes retired NBA players and has them compete in 3 on 3 games. With only one week remaining in its regular season, here are the five best teams this year in the BIG3.

5.) Team Power: 4-3
Roster – Captain: Cuttino Mobley, Co-Captain: Nikoloz Tskitishvili, Co-Captain: Royce White, Glen Rice, TJ Cline. Head Coach: Nancy Lieberman
(Photo by Al Bello/Getty Images)

Team Power hasn’t been able to match the success of their early days in the BIG3. They won the second ever league title in 2018, but haven’t made it back to the Finals since. They’re headlined by 11-year NBA veteran Cuttino Mobley. Mobley averaged 16 points and 4 rebounds across his career. If Team Power wants to make it into the postseason, they will have to win their last regular season game against The Aliens. 

4.) Team Aliens: 5-2
Roster – Captain: Dusan Bulut, Co-Captain: Karlis Lasmanis, Co-Captain: Tomislav Ivosev, Deshawn Stephens, Adam Drexler, Head Coach: Rick Mahorn
(Photo by Ron Jenkins/Getty Images for BIG3)

Surprisingly enough, Team Aliens doesn’t have a single former NBA player. Instead, the top-ranked individual 3v3 athlete in the world, named by the International Basketball Federation, is none other than Aliens captain Dusan Bulut. Bulut, along with other members of Team Alien, took home three gold medals in 3v3 competition for Serbia. They are currently one game back from moving up to first in the standings. 

3.) Team Killer 3’s: 5-2
Roster – Captain: Franklin Session, Co-Captain: Donte Green, Co-Captain: Josh Powell, K.J. McDaniels, Dominique Johnson, Head Coach: Charles Oakley
(Photo by Ethan Mito/Getty Images for BIG3)

The names headlining Team Killer 3’s may not jump out at you, but former Los Angeles Laker Josh Powell comes with championship experience. The NBA veteran was with the Lakers when they won back-to-back NBA championships in 09’ and 10’. Coaching the Killer 3’s is fiery NBA legend Charles Oakley. Oakley played nearly 20 seasons in the NBA and was alongside some of the greatest basketball players of all time. He played next to Michael Jordan, Patrick Ewing, and Vince Carter. 

2.) Team Trilogy: 5-2
Roster – Captain: James White, Co-Captain: Earl Clark, Co-Captain: Amir Johnson, Isaiah Briscoe, David Hawkins, Head Coach: Stephen Jackson
(Photo by Ethan Mito/Getty Images for BIG3)

No team has seen as much success in the BIG3 as Team Trilogy has. They have taken home two of the four BIG3 league titles, including last season’s. Team Trilogy is littered with NBA veterans, as every player on the roster has touched an NBA floor at least once. Co-Captain Amir Johnson boasts the best NBA resume, with 14 seasons played and career averages of 7 points and 6 rebounds. They are in a great position to win their third franchise title and bring a new meaning to their team name ‘Trilogy’. 

1.) Team 3 Headed Monsters: 6-1
Roster – Captain: Rashard Lewis, Co-Captain: Jonathon Simmons, Co-Captain: Mahmoud Abdul-Rauf, Quincy Miller, Kevin Murphy, Jamario Moon, Head Coach: Reggie Theus
(Photo by John Jones/Icon Sportswire via Getty Images)

There is no roster in the BIG3 that could rival that of Team 3-Headed Monsters, which is led by legendary forward and one-time NBA champion Rashard Lewis and team co-captain Mahmoud Abdul-Rauf. Abdul-Rauf met heavy criticism in his career when he refused to stand during the national anthem. After being fined, he agreed to stand during the pledge, but would have his head down and eyes closed. There are few who have the courage to stand for what they believe in, and it was even rarer to see in the 90’s. After falling short in the championship last season, the 3-Headed Monsters are hungry to win their first Big3 title. 

Categories
Sports

Joe Johnson and Michael Beasley Shine In BIG3 Season Opener

Since launching five years ago, the BIG3 has provided fans with a fun and reliable source of professional basketball during summertime. Between being a platform spotlighting many familiar names who played in the NBA to reigniting a few of their returns to the league, the anticipation of the 2022 BIG3 season was high before its opening weekend, June 18th and 19th, in Chicago, IL.

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Headlined by the defending champion Trilogy going toe to toe with reigning two-time BIG3 MVP Joe Johnson and former No. 2 overall pick Michael Beasley making his debut, the action was jam-packed at Credit Union One Arena. And as someone attending their first-ever BIG3 event, I was certainly intrigued by what it entailed.

Even in a three-on-three, half-court setting, the NBA-caliber skillsets from BIG3 players were still evident, as well as their energy. But when aided by a unique twist to that classic half-court staple (The first team to 50 points wins, four-point shots and specific calls are handled by players playing one-on-one), it’s not a surprise the Ice Cube and Jeff Kwatinetz-founded league is a success.

Here are my three takeaways from the BIG3’s opening weekend.

Joe Johnson is still Iso Joe
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Another day, another reminder of how much a bucket Joe Johnson is. Even at 40 years old, the 17-year NBA vet still possesses an incredible knack at scoring from all three levels on the floor, and that was evident on Saturday– 30 points in the Triplets’ 51-45 victory over the reigning champion, Trilogy.

Michael Beasley is still one of the most talented players, we’ve seen
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While his NBA playing career didn’t turn out as planned, there’s no doubt Beasley is one of the most talented players we’ve seen over the past decade and a half. Still at 6-foot-8 and in peak shape, the former No. 2 overall pick had a great showing in his BIG3 debut. Playing for 3’s Company, Beasley effectively and efficiently scored 26 points in the team’s 50-47 victory over Bivouc.

Rick Mahorn’s Aliens have a lot to be happy about
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While they didn’t make the playoffs last season, the Aliens have the potential to do so this year. Led by BIG3 championship-winning coach Rick Mahorn, the Aliens had a strong showing on Sunday.

In their 52-44 victory over the Enemies, the Aliens’ dynamic duo of Dusan Bulut and Karlis Lasmanis scored a combined 40 points and displayed a clear sense of comfort in playing three on three– given their experience of playing in FIBA’s three-on-three tournaments.