Snoop Dogg NFT: This rapper shows the potential of the NFT market

Without a doubt, all the major numbers in the market for non-fungible tokens indicate that the new asset class is establishing itself. Despite the volatile development, NFTs have been circulating more and more in recent years, and at the same time the number of non-fungible tokens available is increasing. But widespread adoption requires the attention of the general public.

Because as of April 2022, there are still the vast majority of investors who do not invest in NFTs and in some cases do not have any crypto in their wallets. Fortunately, there are superstars, for their part, who are fully committed to the NFT market and thus gradually increase their awareness. In the following article we take a look at American rapper Snoop Dogg, who realized the potential of NFTs like no other.

NFT Value Wallet by Snoop Dogg

Snopp Dogg has a valuable variety of NFTs – good so far. But the current property is unknown. However, Snopp Dogg posted a tweet about half a year ago in which he admitted that he is Cozomo de Medici – a talented NFT collector. At this point, the NFT group was said to be worth over $17 million. It seems unlikely that non-fungible tokens will become the property of Snopp Dog in the past six months. Its NFT suite may include tokens like CryptoPunks, Art Blocks Token, or Meebits. For their part, CryptoPunks are primarily responsible for the high value of Snopp Dog’s NFT portfolio (over $13 million as of September 2021).

Snoop Dogg NFTs: Many rapper creations

Snoop Dogg and irreplaceable emoticons – this is an emotional connection. Because Snopp Dogg relied on early NFTs and is considered the prominent face of disruptive change in the music industry. In the past, Snopp Dog has already designed the NFT suite “Journey with Dogg” in collaboration with crypto exchange The collection gives fans an original glimpse into the life of a rap artist.

He recently released the music video for “House I Built” – the first official sandbox music video.Β΄

In addition, new NFTs will be coming to the Metaverse after this year’s Super Bowl Halftime. The first Sandbox Avatars NFT set will be available soon. This will consist of 10,000 NFTs designed by Snoop Dogg himself for use in the Sandbox game. The rap icon himself described the launch of NFT as follows:

“Collect the dog that we’re about to drop.”

At the same time, Snopp Dogg released the “Snoopverse Early Access Pass”. NFTs give 5000 owners access to the exclusive Snopp Dogg world in the Snoopverse in The Sandbox. Revenue is approximately $2 million. The current development should be very profitable for Snopp Dogg. Demand is there without a doubt.

Musical tribute to bored monkey yacht club

Besides Wiz Khalifa, Snopp Dogg has released eight new songs released as NFTs. This is a separate declaration of love for Bored Ape Yacht Club (BAYC) and ApeCoin, which launched just a few weeks ago. The makers of Bored Ape Yachting Club take the next step in their Metaverse journey with their very own token. An extensive ecosystem can appear here, which Snopp Dogg mentions by name in the individual tracks. The new songs are sold exclusively via the new cryptocurrency ApeCoin, at which point the Ape track exploded in time.

Death Row Chronicles becomes the first Metaverse record label

Snopp Dogg recently bought the record label Death Row Records, starting his career. Initially, the rapper himself belonged to the label, and today it is the opposite. However, Snopp Dogg doesn’t want to simply pursue the label. Instead, he plans to switch to a digital sign. Death Row Records is set to become the first record label in the global metaverse. Snopp Dogg describes this as the NFT label, with which he wants to create an entirely new supply chain for the music industry of the future.

Gambling instead of music: NFT still insider advice for 2022!

Irreplaceable tokens can revolutionize many areas of life. In addition to art and music – this is where Snopp Dogg is primarily active – gambling also offers far-reaching opportunities. The innovative crypto lottery Lucky Block has also used this as an opportunity to develop a new concept that will lead to the creation of a global crypto lottery in the medium term. Online gambling is a strong growth market.

In addition, there are the advantages of withdrawing on the basis of the blockchain, which increases transparency and thus increases the confidence of the participants.

The new Lucky Block NFTs are based on this approach. Anyone who purchases the Lucky Block NFT on the new NFT LaunchPad will get a lifetime ticket to the NFT raffle. No less than the music industry, online gambling and lotteries also offer the potential for disruption. Here Lucky Block acts as a pioneer. In addition to the real use case of Lucky Block NFTs, it is probably not really a good idea to expect a positive performance.

Daniel Ruprecht

After studying law and management, I decided to work as a freelancer. For many years, my focus when writing texts has been on the topics of investment, capital markets, and business. In my private life there is not a day without the stock market, stocks and the like.

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