A prominent player in the NFT space, Snoop is considered a seasoned veteran of blockchain-based music endeavors. With major feats like a multi-million dollar ($45 million by some accounts) collection with Gala Music, numerous NFT mixtapes, and the reconstruction of iconic Death Row Records as a Web3 label under his belt, when Snoop makes NFT moves, people take notice. This is precisely why his latest venture with Billy Ray Cyrus and The Avilla Brothers has started to gain traction with NFT enthusiasts and general consumers. Admittedly, Snoop disclosed that Death Row would also start its own streaming service, but the fans aren’t thrilled about that idea either since it’s just another streaming service they’d have to add to their monthly pay list. Many see this as just another method of pushing the fans to evolve with the industry, and if anything’s constant, that’s the fact that the music industry is constantly changing. He also released his own NFT collection in March 2021 that included an original track called “NFT,” and “Snoop Dogge Coins.” On 4/20 he unveiled a collaboration with the digital artist behind the Nyan Cat meme to release a “Nyan Dogg” NFT.
NFT project Clay Nation announced the NFT collection in collaboration with the legendary rapper Snoop Dogg and Champ Medici on April 11. It will feature “iconic” collectibles, unreleased music, and limited edition clay nation plots on the Cardano blockchain. So, it’s perfectly reasonable why Snoop would want to make Death Row into an NFT label and tokenize the label’s intellectual property.
Snoop's latest project is a collaboration with Food Fighters Universe (FFU), which claims to be the world's first NFT restaurant group. His ice cream brand, Dr. Bombay's Sweet Exploration, is set to open in Los Angeles under the FFU umbrella. "I know [NFTs] have a great opportunity to be big in music, because sooner or later the labels are going to have to come on in," Snoop told CNBC in an exclusive interview at last week's NFT.NYC conference in New York City. "They're going to have to come on home elastic supply token and sit at the table and understand that catalogs and things they hold onto are better served on the blockchain than sitting in the catalog collecting cobwebs." 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. Many NFTs are built on the network behind ethereum, the second-biggest token.
Join Cointelegraph, Animal Concerts, The Avila Brothers, Cyrus and Snoop Dogg in becoming part of “A Hard Working Man” community by claiming your Blue Collar Pass Hustler Edition or Overachiever Edition. Metaverse platform Animal Concerts, Cointelegraph, The Avila Brothers, Billy Ray Cyrus and Snoop Dogg are celebrating blue-collar workers with a new NFT collection. His recently-announced plan to turn Death Row into an ‘NFT label‘ would have come as no surprise to anyone following the rap legend’s NFT interests over the past 12 months. The platform also says that song NFTs will have “earning potential on the Gala Music network”.
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Each one currently costs a bit more than $600, and according to The Sandbox, there are currently 1,114 owners, which means that the sale has generated nearly $700,000 — a significant haircut from the $1.7 million it had generated earlier in the year. The recent downturn has been dubbed by many as the latest "crypto winter," referring to a period when crypto prices fall and stay low for an extended period of time. As far as the revived Death Row Records go, Snoop plans to make it into the first independent record label on the metaverse. But what would be the reason behind that, given that more and more artists are turning to NFTs to escape record labels? Ever since the introduction of the LP format, the music industry has become a mass production giant, and its legal contracts have put the reins on the artists and copyright protection muzzles on the fans. The fans that bought the album could listen to the music, but neither the fans nor Snoop would own rights to the music; the record label would.
However, since the album was released as an NFT, anyone who bought the album owns the album and the entire intellectual property. Sure, an individual would have to share proprietorship with others who bought the same album but they can do with the music whatever they want since their ownership of the song remains forever inscribed into the blockchain ledgers. A number of “generative crypto art” projects — where the artist uses an algorithm to create and mint their work to a blockchain in real time — have also been out-pacing the market. The Fidenza and Ringers projects from leading generative art platform Art Blocks have both grown in value, with floor prices increasing from 42 ETH in April to a high of 92 ETH in August and from 32 ETH in May to as high as 80 ETH, respectively. Converted to dollars, the Fidenza floor price increased from $126,000 to $145,000 and Ringers’ increased from $86,400 to as high as $128,000 from May to August.
You Can Buy a Snoop Dogg Song on the Blockchain — Here's How
So much so that a hip-hop icon, comic book star, and now established NFT entrepreneur Snoop Dogg is turning an entire record label catalog into non-fungible tokens. Here’s the inside of Snoop Dogg’s ambitious plan to turn Death Row Records into NFTs and what that means for the entire music industry. VeeFriends, the popular NFT project, has teamed up with none other than the iconic hip-hop artist and global superstar, Snoop Dogg. This exciting collaboration was initially announced at VeeCon 2022 and includes a new single from Snoop Dogg to be released on 4/28. The collaboration also features a multi-phase experience on Burn Island that will be sure to excite NFT collectors. In September, Snoop revealed that he had an alias known as anonymous NFT art collector Cozomo de' Medici, who had a digital collection worth over $17 million.
As a successful entrepreneur with multiple exits, he has since thrown his hat into the blockchain ring. The MetaLabs NFT collection, Meta Bounty Hunters, recently did $18 million in mint revenue in just three weeks, which Bott cites as evidence of growing enthusiasm worldwide. But I’d really like to know whether MTV was paid for the promotion of the Otherside, and if so, how much. Despite the growth, Hoskinson believes the regulatory entities are likely to crack down on NFTs in the near future.
For multiplication table fans, that $460.50 price tag means that if Snoop Dogg and the Sandbox were to sell every one of the 10,000 ‘Doggies’, the sale would generate over $4.6 million. Is especially important to me and I’m excited to have a full circle moment in my career at this time,” said Snoop Dogg, when the album was released on Friday. On Friday (February 11), Snoop Dogg released his twentieth studio album, B.O.D.R. (Bacc On Death Row). Rapper Snoop Dogg has bought two of the nonfungible tokens created by former Barclays Plc trader Ovie Faruq. 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.
This year’s awards also featured a metaverse awards category, although no blockchain platforms were nominated. Less than a week after acquiring the brand from MNRK Music Group, Snoop jumped on Clubhouse and revealed his plans to bring Death Row into the metaverse. Snoop Dogg’s art-collector alter ego, Cozomo de’ Medici, is one of these buyers. He purchased several 1/1s on SuperRare in the last two months including a piece by rivenribbon for 42 ETH ($71,655) before announcing a break from NFTs.
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The thing about the music industry is that it owns everything, but most importantly, it owns the artists’ work. Whoever bought a music album, be it in digital or physical format, truly owns the copy of the said album, but the record label actually owns all the intellectual content — including the songs and the lyrics, all the way down to the album cover. The purchasing customer only buys access to the content, and it even says so on the label, written in the fine print.
As first reported by Dan Runcie’s Trapital, Snoop Dogg had already sold over 8,000 Stash Box NFTs as of Monday February 14, via the Gala Music store (at $5,000 apiece). Snoop Dogg’s NFTs are limited to 25,000 and each ‘box’, includes 1 of 17 songs from Bacc On Death Row. Stay up-to-date with the latest and breaking creator and online video news delivered right to your inbox. The Sandbox will also sell other Snoop-themed NFTs, including playable avatars that look like him, as well as customizable LAND plots that are adjacent to Snoop’s own terrain. Cozomo has a valuable collection indeed, with an estimated value of more than $17 million as of last week, thanks to owning several CryptoPunks, many Art Blocks NFTs, and plenty more. Last week, Snoop Dogg revealed that he has been amassing a valuable collection of NFT collectibles under the alias Cozomo de’ Medici, who joined Twitter in August.
By way of interactive metaverse concert company Animal Concerts, Snoop, Billy Ray, and The Avilla Brothers are bringing their celebrated 2022 collaboration “A Hard Working Man” to the blockchain in a unique fashion. Constructed as a multifaceted project, the trio’s single has been transformed into a PFP collection, a gamified NFT experience, and a tokenized incentives program. A name synonymous with rap music and hip-hop culture, the LBC legend has remained at the forefront of trends far beyond the original scope of his career. One such opportunity would be that the ownership of Death Row Records’ NFTs could double as a back-stage pass for the fans, which has the potential to increase the NFTs’ value significantly, affecting the value of the label itself. The downside of this venture is the removal of Death Row-owned IPs from various music streaming services, like Spotify. Canadian rapper Tory Lanez already proved that releasing an album as an NFT is a lucrative undertaking when he made both music and NFT history by releasing his entire album as an NFT.
The presale involves buying a Blue Collar Pass NFT at a discount compared with the public mint price of the AHWM NFT from the same edition, ensuring the holder receives an NFT from the AHWM collection. Buying a Blue Collar Pass NFT means the holder will end up with two NFTs — the presale pass received at the time of purchase and a free airdropped NFT from the AHWM collection to the wallet holding the presale pass during the collection’s public mint. Snoop Dogg partnered with blockchain gaming platform Gala Games, which released the NFT version of his B.O.D.R. album via Gala Music on Feb. 9, 2022.
A new NFT hub backed by Snoop Dogg wants to be a “one-stop shop” for creators - Tubefilter
A new NFT hub backed by Snoop Dogg wants to be a “one-stop shop” for creators.
Posted: Fri, 03 Mar 2023 08:00:00 GMT [source]
Throughout his career, Snoop Dogg has embraced emerging tech in order to expand his personal brand. His other recent initiatives include a children’s content hub called Doggyland, an official FaZe Clan membership, and a home in the metaverse. As Snoop ventures into the NFT world, he’s also revisiting his past while looking to the future with the announcement that he has acquired the Death Row Records brand, the label where he made his debut. “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).
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The Weeknd also scooped up a 1/1 by renowned NFT artist Fvckrender for 25 ETH ($44,287) in August. That same wallet purchased nearly 50 additional NFTs from other Fvckrender projects, as well. Although the wallet isn’t verified yet, The Weeknd did retweet a confirmation of the SuperRare purchase. On February 9, 2022, Snoop Dogg announced that he would acquire Death Row Records, a music label that changed several owners after filing for bankruptcy in 2006. For those who aren’t familiar with hip-hop culture, Death Row Records was founded in 1991 by Dr. Dre, the infamous Suge Knight, and several other individuals. The label quickly became a sensation by releasing multi-platinum hip-hop albums, such as The Chronic by Dr. Dre, Doggystyle and Tha Doggfather by Snoop Dogg, Dogg Food by Tha Dogg Pound, and the iconic All Eyez on Me by the hip-hop legend 2Pac.
He even built a virtual replica of his house, after which someone spent $450,000 to become Snoop’s neighbor. Following the acquisition, Snoop Dogg announced that Death Row would become an NFT label, and his nineteenth studio album, Bacc on Death Row, was released through Death Row Records as an NFT project. This isn’t all that surprising considering the current state of the music industry concerning NFTs and other crypto technologies and the fact that Snoop Dogg is a prominent name not only in the music industry but in crypto-tech spheres as well. Since they can also represent property rights, including intellectual property, musicians and other celebrities have flocked to NFTs recently.
- The possibilities that web 3 presents for community building are enormous; fans have always been metaphorically invested in the artists they love, but NFTs mean they can be invested and get financial returns.
- Allan is one of Web3’s breakout artists, having built his early career on the back of NFTs.
- The hip hop mogul Calvin Broadus Jr a.k.a Snoop Dogg has turned his attention to Cardano with the launch of the new NFT collection.
- Total gas costs were estimated at around $150 million, although the Otherside only committed to repaying gas for failed transactions.
Lanez sold $1,000,000 copies of his album as NFTs for only $1 per copy, which made him $1,000,000 in less than one minute after the album had become available for purchase. That’s approximately eight times more than what Jeff Bezos, Bill Gates, Elon Musk, and Warren Buffet make in one minute combined. Phase 2, “Burn to Compete & Ape In” – This phase starts with the release of Snoop Dogg’s official music video for “Please Take a Step Back”. Phase 2 features two different competitions, each with different terms, rules, judging criteria, and prizes. Both competitions require the permanent burning of NFTs from the “Please Take a Step Back” collection to enter.
Exclusive NFT presale to treat all the hard workers, feat. Snoop Dogg and Billy Ray Cyrus - Cointelegraph
Exclusive NFT presale to treat all the hard workers, feat. Snoop Dogg and Billy Ray Cyrus.
Posted: Wed, 25 Jan 2023 08:00:00 GMT [source]
The box sets are limited to 25,000 and at the time of writing, nearly 10,000 had been sold. The rapper recently acquired Death Row Records, the label originally co-founded by Dr Dre, and has just announced he will turn it into an NFT label. Volume on OpenSea — the largest NFT marketplace — is the lowest in 12 months and many once-popular projects like Doodles, Moonbirds and Nike’s CloneX have fallen in value by over 80% in dollar terms. Even Bored Ape Yacht Club (BAYC) — the biggest NFT project in the space — is down more than 70% in U.S. dollars. While such a high-profile celebrity-involved collection is surely a strong step toward mass adoption of NFTs, there’s more to “A Hard Working Man” than meets the eye.