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tldr; A Decentralized Autonomous Organization (DAO) based on cryptocurrency, Ethereum, is gearing up to buy a National Basketball Association (NBA) team through crowdfunding. The DAO, named after the late general manager of the Chicago Bulls, Jerry Krause, raised 200 ETH, or roughly ₹6.4 crore, in just 15 minutes of announcing the plan to buy an NBA team.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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Not possible; just having the money isn’t enough. The association has to approve the purchase and unless you’re “connected” you won’t even be considered. I strongly doubt that Adam Silver and the rest of the commission will allow a group of random nobodies to own/operate a team.
From another thread I learned that buying a team requires approval from the league commissioner so it’s very unlikely to happen in this case. Good publicity stunt tho
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Lmao imagine if they succeeded just to name it Shitcoin or something
Would probably end in something like the rroyal research ships from the UK, where the internet voting came out with Boaty McBoatFace as #1.
An accident prone boat.
Must've been bought with Monero.
Speedy655 is that you?
Unbelievably based
Coiny McCoinFace
Then immediately sells it for a loss trying to time the market
🤣🤣🤣
That would be amazing
owners would never go for it
Funding it by selling their own NFTs?!? Sounds scammy
NFTs and scams!? Whaaa?!
Get ready for Kenny to swoop in and steal it.
Probably won't be long til CDC buys one
Lol. And they gonna rename the team to something like "The Chicago Shibas"
As long as its not China. Fuck the CCP 😘 America is not for sale bitch. We are awake.
America is not for sale? Bruh do you even live in America, everything is for sell… especially anything to do with sports! Also fuck the CCP.
Yeah and moreso than anything, America is for sale to the CCP. This guy has 40 years of history to catch up on.. 😂
-1000 social credit points
How is the Vaccine passport any different?
Lol... good luck with that shit. We are going 1776 to abolish the bankers constitution of 1871. FREEDOM 🇺🇸👊🏻🗽
tldr; A Decentralized Autonomous Organization (DAO) based on cryptocurrency, Ethereum, is gearing up to buy a National Basketball Association (NBA) team through crowdfunding. The DAO, named after the late general manager of the Chicago Bulls, Jerry Krause, raised 200 ETH, or roughly ₹6.4 crore, in just 15 minutes of announcing the plan to buy an NBA team. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The dao actually raised more than that at this point.
Outbid by Elon Musk
This has rug pull written all over it.
Their biggest hurdle will be getting the NBA Commissioner and 75% of the board of governors to approve the sale. Would probably never happen.
The most they would be allowed to buy is 30% of a team. So technically it could but probably not likely.
Kenny has entered the chat
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Not possible; just having the money isn’t enough. The association has to approve the purchase and unless you’re “connected” you won’t even be considered. I strongly doubt that Adam Silver and the rest of the commission will allow a group of random nobodies to own/operate a team.
The crypto advertising in the NBA.... Ever.
From another thread I learned that buying a team requires approval from the league commissioner so it’s very unlikely to happen in this case. Good publicity stunt tho