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Nick Young -- Celebrates Independence from Iggy ... With Massive 4th Party (VIDEO)

Related Topics: Iggy Azalea, Ellipsis, Iggy Pop

Fireworks at Nick Young's house Monday night ... with the NBA star throwing a MASSIVE party at the home he shared with Iggy Azalea in what appears to be a public declaration of his independence.

It all went down at Nick's sprawling mansion in Tarzana -- a pad complete with a basketball court, pool and working security cameras (just ask Iggy).

The place was PACKED with all sorts of people -- including a bunch of smokin' hot ladies. We're told rapper K Camp also performed.

Nick doesn't seem bothered by the split at all -- in fact, he tweeted right after Iggy blasted him last week as a cheat.