Photo Credit: Facebook/ Snoop Dogg
Rapper Snoop Dogg revealed on Twitter that he has been collecting Non-Fungible Tokens (NFTs) under the pseudonym Cozomo de' Medici. NFTs are digital assets representing real-world objects like art, music, in-game items, and videos among other items. According to DappRadar's portfolio estimate tool, the rapper's wallet is loaded with NFT collectibles with prices amounting to over $17 million (roughly Rs. 125 crores). Using his Twitter handle for Cozomo De Medici, Snoop has been sharing detailed tips to make money from the crypto space.
The 49-year-old rapper took to Twitter Thursday, September 23 to reveal that the Twitter handle @CozomoMedici actually belongs to him. It is interestingly noteworthy that Snoop Dogg's original Twitter handle has 19.2 million followers, but his unverified handle crypto-focussed handle @CozomoMedici now has nearly 50 million followers following the rapper's revelation.
I am @CozomoMedici— Snoop Dogg (@SnoopDogg) September 20, 2021
His wallet has CryptoPunk's most valuable profile picture NFTs worth around $4.6 million (roughly Rs. 3.4 crores). In addition, Snoop Dogg also owns ten Meebits NFTs which are 3D avatars created by CryptoPunks makers Larva Labs.
The “Countdown” rapper also owns more NFTs from the generative artwork series, Art Blocks alongside the NFTs from Tom Sachs' Rocket Factory, the report by Decrypt.co further added.
Did I imagine my very 1st purchase of a "useless" jpeg would cost $2m USD?— Cozomo de' Medici (@CozomoMedici) September 3, 2021
Absolutely not. It should have been $4m.
Frens, today I share the uncensored tale of how I entered the wild world of NFTs. From 0 to 8 figures in 30 days.
Grab a glass, take a seat, & hold on tight.????????
Snoop Dogg is, however, not the only international celebrity to have been experimenting in the rapidly expanding crypto space.
NBA athlete Stephen Curry, social media influencer Jake Paul as well as TV host Steve Harvey have been involved in collecting NFTs.
In India, megastar Amitabh Bachchan became their first Bollywood biggie to jump in the NFT space. The 78-year-old legendary Bollywood actor is expected to roll out his own NFTs including some of the most unique and exclusive artworks surrounding his identity by November this year, media reports had recently revealed.
Actress Sunny Leone also reportedly invested in NFTs this month, becoming the first Bollywood actress to have done so.
Earlier this week, NFT trading platform Colexion roped in Indian artists including Suniel Shetty, Aamir Ali, Mika Singh, and Sidhu Moose Wala among others to be part of its marketplace.
Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.