Snoop Dogg is among the growing legion of celebrities that own non fungible tokens. He owns a full set from The Bored Ape Yacht Club collection. He also owns pieces from the Cryptopunks, Artblocks, and XCOPY range of NFTs.
Over the week, the total cryptocurrency market cap has declined from $2.04 trillion to $1.63 trillion, a fall of nearly 20.1%.
The D-O-Double-G revealed this week on Twitter that he has been collecting NFTs under the alias Cozomo de’ Medici.
Cozomo popped onto the Twitter scene in August, regularly tweeting about the big sums he was spending on NFT collections and showing a nuanced understanding of the technology. The wallet associated with that name has an estimated $17 million in holdings, including nine CryptoPunks, some of the oldest and most desirable NFTs around.
Snoop (real name Calvin Broadus Jr.) seems determined to keep the Cozomo alias as a separate identity. Shortly before unveiling himself on the Snoop Dogg feed, he told Cozomo’s 38,500 followers “Those who do not care, or simply prefer to not know the source of my vast fame and fortune, may simply not research. I will keep this account focused on NFTs, and not mention this again here.” He also noted in a separate Tweet that “many say they prefer to know me as Cozomo, and no one else”.
NFTs are essentially a blockchain-based certificate of authenticity on a given work. They’re viewed by some as alternate investment vehicles, much like a piece of fine art or classic car would be. Only, in the case of NFTs, they’re digital and do not exist in the real world.
The West Coast rapper’s first NFT collection dropped in March 2021 and shares memories from his younger years of life and unreleased songs and videos. A piece in the collection titled Death Row sold for $108,000.
As if Black Girl Magic wasn’t already pumping through her veins, Montreal, Canada-based artist Lana Denina made over $300,000 selling her original NFT artwork.
The Mona Lana Collection, Denina’s first collection that includes 500 unique portraits of women, sold out in a few short weeks. We can’t wait to see what Denina drops next.
Four friends founded Bored Ape Yacht Club in April, and each Bored Ape NFT grants owners membership access that includes exclusive benefits. The group’s first collection contains 10,000 unique Mutant Ape NFTs.