Snoop Dogg’s Latest NFT Collection May Raise More Than $125m

NFT

At 50, Snoop Dogg shows no sign of slowing down. 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.

Less than a week after acquiring the brand from MNRK Music Group, Snoop hopped on Clubhouse and revealed his plans to bring Death Row to the Metaverse.

“Death Row will be an NFT label. We will be putting our artists through the metaverse and through a whole other chain of music,” the rapper said.

“The First Major in the Metaverse,” claims Snoop Dogg

“Just like we broke the industry when we were the first indies to major…I want to be the first major in the metaverse, so Death Row will be an NFT.”

Snoop Dogg launched his latest album BODR (Bacc on Death Row) through blockchain gaming platform Gala Games. Fans with $5,000 going spare for the NFT, “stash box”, version of the album were rewarded with three bonus tracks.

Boxes are limited to 25,000 and at the time of writing almost 10,000 have been sold. That’s a total of nearly $50 million. If all 25,000 sell, Snoop is looking at a $125 million payday.

Blockchain tech has the power to change everything

Snoop Dogg told Rolling Stone: “Blockchain tech has the power to change everything again and tip the table in favor of the artists and the fans, and we’re going to be right at the front of the pack with this Gala Music deal.”

According to Gala Music, stash box holders can expect to receive “exclusive drops” such as movies, comics, images, and unique concert attendance opportunities.

The platform also says that song NFTs will have “earning potential on the Gala Music network”.

“Owners of all 17 songs will receive huge real and digital rewards, including an exclusive concert and pre-party with Snoop, limited-edition Death Row bling, and more,” Gala adds on her website.

Snoop Dogg is no stranger to the world of NFTs and the metaverse. Last December, he launched his own interactive world called the Snoopverse, where one NFT user paid $450,000 to become his virtual neighbor. And last April his A Journey With The Dogg collection was launched on Crypto.com.

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