- Snoop Dogg launched an NFT collaboration with an unique metaverse challenge on the cardano blockchain.
- Released on Monday, the challenge consists of unreleased music and extra, however that is simply his newest crypto challenge.
- Analysts mentioned the that is the primary incident of a star crypto challenge leaping ship from ethereum to cardano.
Hip hop star Snoop Dogg is increasing his footprint within the crypto world once more. This time, he is teamed up with Clay Nation to launch an NFT assortment on the cardano blockchain.
Clay Nation is a set of 10,000 digital NFT characters fabricated from clay. The assortment is at present offered out, however on the secondary market, the tokens boast a flooring worth of about 2696 ada, which is the equal of $2,623.03.
Clay Nation tweeted concerning the tie-up with Snoop Dogg — whose actual title is Calvin Brodus — and crypto investor Champ Medici that can characteristic collectibles, unreleased music and plots of Clay Nation land. Last week, Snoop shared a Twitter area with cardano founder Charles Hoskinson and Medici, hosted by Clay Nation.
During the dialog, Snoop Dogg steered teaming up with Hoskinson to create a information on getting concerned in crypto.
“Me and you come together, put together some sort of visual piece on ‘how to’ from your perspective and my perspective, you know – you come from your angle on how you got involved and I come from my angle and then we’re taking care of the whole world,” the musician mentioned.
The hip hop sensation has been concerned in a number of NFT and crypto tasks this 12 months, in addition to different tech investments.
“This is a remarkable milestone as this is the first celebrity to jump ship from Ethereum to Cardano, which is subsequently causing a lot of hype. NFTs are about brand and identity and Snoop Dogg is clearly having fun finding another identity outside of hip-hop – he released a music video a couple of weeks ago that was made entirely in the sandbox metaverse,” Marcus Sotiriou, analyst at GlobalBlock, instructed Insider.
Snoop Dogg was an early investor in social media platform Reddit and retail buying and selling platform Robinhood. He additionally invested in Swedish funds firm Klarna. These are simply a few his higher-profile investments.
Most not too long ago, the star joined a bunch of celebrities to put money into Moon Pay, an organization that lets customers buy crypto simply through card or financial institution switch. He’s additionally one in every of thirty seven traders, based on Crunchbase knowledge, to put money into Yuga Labs, the workforce behind Bored Ape Yacht Club.
Notably, Snoop Dogg is among the first celebrities that’s concerned in digital property to department out past the ethereum blockchain. Ethereum is actually essentially the most dominant platform for NFTs at current, however with the likes of solana and cardano persevering with to develop and provide cheaper charges, this hegemony could possibly be challenged.
Read extra: UBS lays out the three hurdles the economic system should clear to keep away from recession, in addition to why fears of a housing bubble are overdone — and shares 6 issues you must put money into amid the uncertainty