Snoop Dogg’s NFT Solana Drop is Coming Soon: Here’s how to get Involved
The non-fungible token (NFT) collection of American rapper Snoop Dogg has launched on the Cardano ($ADA) network. The collection, announced earlier this month, features “iconic collectibles,” “limited edition ‘pitches’” and unreleased music. NFTs are unique digital assets, like artwork and sports trading cards, that are verified and stored using blockchain technology, but critics see them as overhyped and potentially harmful to the environment given the energy-intensive nature of cryptocurrencies. Snoop Dogg wants to sell fans an NFT that promises owners exclusive access to updates from the rapper’s life on tour starting in July. The Snoop Dogg Passport Series is touted as the first “evolving digital tour collectible,” priced at about $45 or 0.025 ETH (Ethereum cryptocurrency) available on snooppassport.xyz. Snoop Dogg’s latest venture in NFTs with Babolex will help the NFT industry grow.
“This [crypto winter] weeded out all the people who weren’t supposed to be in the space and who were abusing the opportunities that were there” he said. “Now it’s going to bring on great business, and moving forward, when the market comes back, there will only be great things to pick and choose from,” he added. In 2014, the rap icon was part of a $50 million investment into Reddit, which valued the company at around $500 million at the time. He’s also known for private investments into fintech companies like Robinhood, Klarna and MoonPay, and for investments in the cannabis space. In 2015, just one year before weed was approved to be legalized for recreational use in California, Snoop co-founded Los Angeles-based Casa Verde Capital — a VC fund that has more than doubled in size.
Snoop Dogg sells over $44m worth of ‘Stash Box’ NFTs in just five days
Legendary rapper Snoop Dogg has partnered with Vincent Faudemer, aka Babolex, on Solana. The famed singer will be releasing an NFT collection alongside Babolex in a unique collaboration. So, how much did Snoop pay for his acquisition of Death Row, the label founded https://topbitcoinnews.org/ back in 1992? We do know that after the label ran into financial troubles in 2006, it landed in bankruptcy proceedings, according to The Hollywood Reporter. The label was then sold at auction for $18 million with WIDEawake Entertainment becoming its lucky owner.
For most of these independent artists, the possibility of ensuring that they are paid quickly and handsomely for their art and not having to wait a year for royalty checks makes NFT music way more appealing than traditional streams. The technology for the Snoop Dogg Passport Series was created in partnership with NFT development studio Transient Labs, founded in 2022 and based in Denver. The deal was brokered by WME, which counts both Snoop Dogg and Transient Labs as clients.
In his words, “For all of my career, we have made music and charged the fans for everything from tickets to merch, and they could only enjoy the music in return, but now they can own a part of it, trade it and make money off of it.” This new project is part of a collaboration between the rapper and Looflirpa Ventures. This is also not the first time that Snoop Dogg has gotten involved with crypto and blockchain. Besides his aforementioned Metavizzle BroadusBanks, he has also bought a property in the metaverse, launched several NFTs, and has a crypto portfolio reportedly in the millions.
What Happened to the Momoguro NFT Collection?
We also see that the number of NFT songs minted on Sound has more than doubled, exceeding 130,200 since January 2023, according to data from Dune. Owners of such NFTs can publicly https://bitcoin-mining.biz/24option-broker-review-2021-on/ comment on the song linked to the digital asset, essentially using it to brag. However, according to a 2021 Business Insider survey, Spotify pays artists only $0.0033 per stream.
- If you miss out on the opportunity or don’t want to spend the $5,000, you’ll have the option to purchase a non-NFT version of Snoop’s new album B.O.D.R. on Feb. 11.
- Owners of such NFTs can publicly comment on the song linked to the digital asset, essentially using it to brag.
- Earlier this year, Hempacco partnered with Snoop Dogg to launch a consumer goods company to develop hemp-derived products, including gummies, rolling paper, blunt tubes, with more categories to be announced.
- Spotify, for example, has paid artists as little as $0.0033 per stream, according to a 2021 Business Insider investigation.
In order to fully and completely reap the benefits of this flash sale, Snoop Dogg has put a time limit on the experience. This is a huge step for Snoop Dogg, who took his rightful place in the music industry when everything was analogue. He was then able to successfully shift his craft and his messaging to appeal to the new digital world, and just as he has caught up with that aspect of things, he decided to take a leap into the world of NFTs. Benzinga is quoted as stating; “It consists of eight original pieces of art, an original music track called “NFT,” and a limited edition “Snoop Dogg Coins”. The limited-edition piece will reportedly only be available for an hour after its launch. Slated to monopolize on this opportunity, Snoop Dogg is certainly keeping up with the times.
Snoop Dogg Is Making Death Row Records an NFT Label
According to Gala Music, holders of Snoop Dogg’s Stash boxes can expect to receive “exclusive drops” such as films, comics, images, and unique concert attendance opportunities. Speaking with MBW about the future NFTs in December, Aoki’s long-time manager Matt Colon, Global President of Music of talent management firm YM&U, said that, “You’re going to see a lot of changes in the NFT space in the near future”. If all 25,000 sell out by the time the sale ends on Thursday (February 18) at midnight, Snoop Dogg’s Stash Box NFT’s will have generated total revenues of $125 million. Snoop Dogg’s NFTs are limited to 25,000 and each ‘box’, includes 1 of 17 songs from Bacc On Death Row. As a result, the singer is well versed in the world of cryptocurrency and NFT, with the performer amassing a fortune in online currency. Snoop Dogg has become a major figure in the NFT industry, growing the industry in innovative and new ways.
The Snoop Dogg Solana collaboration will feature 9,999 exclusive NFTs and a separate unique sculptures collection. Clay Nation tweeted about the tie-up with Snoop Dogg — whose real name is Calvin Brodus — and crypto investor Champ Medici that will feature collectibles, unreleased music and plots of Clay Nation land. Last week, Snoop shared a Twitter space with cardano founder Charles Hoskinson and Medici, hosted by Clay Nation.
Where to Buy The Sandbox Snoop Dogg LAND Sale?
Most recently, the star joined a host of celebrities to invest in Moon Pay, a company that lets users purchase crypto easily via card or bank transfer. He’s also one of thirty seven investors, according to Crunchbase data, to invest in Yuga Labs, the team behind Bored Ape Yacht Club. During the conversation, Snoop Dogg suggested teaming up with Hoskinson to create a guide on getting involved in crypto.
“Having the opportunity to connect one of the world’s greatest artists to fans in such a creative and engaging way is a great representation of what we’re all about at Transient Labs,” said Chris Ostoich, chief operating officer at Transient Labs. The Passport NFT will provide ongoing behind-the-scenes video and images uploaded by Snoop and his team. In tandem with his summer tour kickoff on July 7, Snoop will also unveil Snoop Selects, a curated collection of works from select NFT artists that will be dropped for free to all Passport holders. The first group of Snoop Selects artists include Coldie, Terrell Jones and Alien Queen. Snoop Dogg has already made waves in the NFT space, launching his own branded collectibles this spring, as well as a collaboration with the creator of the popular meme, Nyan Cat.
Liquid staking provides a unique benefit to validators because they get a liquid staking token (LST) in return for their decision to participate in the securing of the network. Aside from trading, they can use that LST on other DeFi protocols to earn even more yield. Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Inspired by English rock band Radiohead’s “pay what you want” revenue model for the release of their 2007 album In Rainbows, Greenstein wants to empower listeners to fairly compensate artists at their own discretion.
- He also launched his Decentral Eyes Dog NFT in December which sold via NFT platform SuperRare, reaching 188 ETH at auction (approx. $585,000 at current exchange rates).
- As a result, it will only be a matter of time before other artists and collaborations feature similar artistic partnerships.
- Snoop Dogg’s enthusiasm about the Web 3 space is not limited to the new album; he recently announced that he was turning his label Death Row Records into an NFT label.
- According to Snoop, community building and giving back to the fans are at the heart of this decision.
Similarly, the collection offers lucky buyers a 1-10 chance to win a ticket for a private concert. The hip hop sensation has been involved in several NFT and crypto projects this year, as well as other tech investments. As if this news wasn’t exciting enough, especially for all you Snoop fans out there, it has also been announced that Snoop Dogg recently acquired Death Row Records. Snoop Dogg’s digital album (the Snoop Stash Box) will be on sale through Feb. 13. If you miss out on the opportunity or don’t want to spend the $5,000, you’ll have the option to purchase a non-NFT version of Snoop’s new album B.O.D.R. on Feb. 11.
Details About the Project
Sound’s goal is to disrupt the traditional revenue models of Web2 streaming services such as Spotify or Apple Music. The company’s platform allows artists to mint their songs on-chain as a non-fungible token (NFT) to sell directly to fans and has helped music creators generate $5.5 million on their music sales since its beta launch in 2022. Now, it’s opening access to the public to help more artists earn a livable income off of their work. He recently partnered with gaming platform The Sandbox to sell “The Snoopverse Early Access Pass” which gives buyers access to experiences in The Snoopverse, his own branded world within The Sandbox platform.
An EP featuring a reworking of some of his most iconic tracks such as ‘The One and Only’ and ‘Still D.R.E.’ will be released at the same time. Clay Nation itself offers “a collection of 10,000 digital characters with algorithmically assembled, handcrafted clay traits.” The original collection is sold out, although some Clay Nation NFTs are now traded on secondary marketplaces. The NFT collection has in the past collaborated with Good Charlotte, an American rock bank. The future is bright for NFT innovation; Snoop Dogg is leading the way in this regard. To get involved in this NFT collaboration, make sure to follow its Discord to find out all of the latest information regarding the Snoop Dogg X Babolex partnership when it releases on December 12th. This time, he’s teamed up with Clay Nation to launch an NFT collection on the cardano blockchain.
In April 2021 he launched his ‘Journey with the Dogg’ collection on Crypto.com, as well as a collaboration with Solana featuring 9,999 exclusive NFTs in December. Snoop Dogg’s partnership with Gala Music follows various other NFT projects launched by the artist in recent months. Interestingly, superstar DJ Steve Aoki, another prominent artist in the NFT space, suggested during a Q&A at a private Gala Music event over the weekend that he’s made more money from NFTs than he did from advances during an entire decade of making music. The Sandbox Snoop Dogg LAND Sale NFT Collection is a non-fungible token project that aims at fast development and growth.
The project, which was founded in 2022, seeks to provide a better model for artists to make money. The status quo for artists is to simply drop a song on Spotify or Apple Music and hope enough people listen to make money. He had recently announced he will be selling some of his collection, including a brand-new hit, and he’s poised to rake in an astronomical amount of money in a very short period of time. He has also been heavily involved in the Bored Ape Yacht Club community, showcasing the NFT collection in a collaboration with fellow rapper Eminem that saw the two release and perform an original song at last year’s MTV Music Awards. Besides being a daring move, Snoop’s release of the Death Row Session, Vol 2 was special because he featured four notable indie artists on the project who had already made a name for themselves in the Web 3 music space. Death Row Session, Vol 2 featured Iman Europe, MoRuf Adewunmi, Black Dave, and Heno.
Snoop Dogg is entering the world of cryptocurrency and he’s doing it in a very big way. Included in the first group of Snoop Selects artists are Coldie, Terrell Jones and Alien Queen. The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept for its 17th edition. Get your tickets today https://cryptonews.wiki/cryptocurrency-news-crypto-markets-crypto/ before prices increase and secure a spot at the epicenter of cannabis investment and branding. “The community pays our weekly reflection benefits to its community members to strengthen the community bond and also contributes selflessly to ‘Do Good Causes’ voted on by the Community DAO (Decentralized Autonomous Organization).
Some crypto industry leaders expect a period of “creative destruction” wiping out many players. Mark Cuban, who has become a big investor in blockchain-based technologies, recently compared the crypto crash to “the lull that the internet went through” during the dotcom bubble and tweeted that there are too many imitators out there. “And it’s not just labels,” his son, Cordell Broadus, a.k.a. Champ Medici, added. “It’s movie studios, it’s tech companies, it’s beverage companies … everybody’s rushing to Web3 and they see how big Dogg is in the space.”