According to CryptoSlam, Cardano-based NFT sales have increased by more than 30% in the last 24 hours. The reason for such a big move was probably the joint photo by Cardano’s founder and hip-hop legend and entrepreneur Snoop Dogg.

Hell of a night with @SnoopDogg and friends. Time for the afterparty pic.twitter.com/5GArtrUIWQ

— Charles Hoskinson (@IOHK_Charles) December 23, 2022

It seems that Snoop Dogg’s emergence as Cardano’s key face has opened many eyes to NFT on this blockchain. Snoop himself is a well-known lover of digital art. According to the same data, the number of Cardano NFT buyers increased by 94.5% in the last 24 hours. The total value of sales in 24 hours was $313,000.

Cardano NFT on rise

That said, this is not the first public intervention by Charles Hoskinson and Snoop Dogg. They even appeared together in a music video of the rap legend’s son, Cordell Broadus, a.k.a. Champ Medici, for a track from an album dedicated to crypto and ADA in particular. Medici, on the other hand, is part of the creative association Clay Mates, which operates in the Cardano NFT field.

Meanwhile, the rise in NFT sales at Cardano mostly came from The Ape Society collection, which is something of an homage to the legendary NFT collection, Bored Apes Yacht Club. The floor price of an item from The Ape Society collection now stands at 10,700 ADA, and the trading volume, up 181.4%, is 387,100 ADA.

Meme coins are digital assets based on internet jokes that give consumers a fun experience that more serious cryptocurrencies cannot. Meme coins are now more widely used than crypto assets like Bitcoin and Ethereum. The introduction of numerous new meme coins with a doge motif has been substantially impacted by Dogecoin, the most well-known meme coin.

Dogeliens (DOGET), on the other hand, stands out from the majority of dog-themed meme coins thanks to the development of its user-interactive, socially connected environment. Meme coins are created without a specific purpose, giving them a diverse range of connectivity. This contrasts with mainstream crypto-assets, designed with particular technology to promote trading in the crypto market.

Gen Z and Millenials can express themselves in some way through meme coins, which are more community-driven than other crypto-assets.

What Is ApeCoin (APE)?

ApeCoin was just introduced by the decentralized organization ApeCoinDAO as a token for culture, gaming, and commerce to support Web3 initiatives. It is a decentralized initiative that draws inspiration from the idea of Yuga Labs’ Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT). With each passing day, the token’s popularity increases, eventually winning the endorsement of celebrities like Madonna and Snoop Dogg.

The Ethereum blockchain provides the framework for the ERC-20 token, ApeCoin. There are presently one billion ApeCoin tokens in circulation.

About Shiba Inu (SHIB)

The Shiba Inu, a Japanese hunting dog breed, serves as the mascot of Shiba Inu (SHIB), an altcoin based on Ethereum. By market cap, Shiba Inu is the second-largest meme coin, and many people know it as “the DOGE killer.” Numerous copycats like Shibalana, Shiba Fantom, BitShiba, and King Shiba have been created due to Shiba Inu’s success, but none have been able to match it in scale.

Shiba Inu is an Ethereum-based ERC-20 token, so rather than having its blockchain, it is created and hosted by the Ethereum network. In his paper, Ryoshi (the anonymous creator of this token) explains why he decided to use Ethereum to create the Shiba Inu Ecosystem because it was already safe and reliable and enabled the project to maintain its decentralized nature.

New Meme Coin: Dogeliens (DOGET)

Dogeliens (DOGET) is the pup-pet master of DeFi (decentralized finance), a decentralized platform for its users, holders, and traders. On the pup-tastic platform, users may stake and earn coins with open-source peer-to-peer (P2P) cryptocurrency that will allow the buyers and sellers to exchange their currencies with no interference or to execute trades online securely and anonymously with comparable lowered fees without the need for any third party.

Because of its high supply and low cost, $DOGET becomes a much more viable investment for any human, making it much easier and more attractive to advertise and share on social media platforms. Dogeliens is an experimental “cosmic” Ecosystem, which describes a group of individuals collaborating to produce a one-of-a-kind environment for themselves.

Dogeliens is an open-source platform which means that the source code is accessible to the public and can be shared or modified by the user according to their requirements. This decentralized structure enables them to operate independently from the oversight of governments and other centralized authorities.

Buying into a project like Dogeliens (DOGET) poses an excellent opportunity for its investors to potentially 10X their investment as this project has an excellent road map.

To find out more about Dogeliens (DOGET);
Website: https://ufo.dogeliens.io/register
Telegram: https://t.me/DogeliensOfficial
Twitter: https://twitter.com/dogeliens

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Hollywood News – Crypto and Celebs:

Well, by now, we are all accustomed to the ties that interlace Hollywood with the cryptocurrency industry. I mean, we all know about it. A big part of the “job” of being a celebrity is, in fact, to influence the public and to ultimately “sell” the “dream.” The connection between the prominent and powerful of the world, the general public, social media, and financial products or services are strong and everlasting. Whether we’re talking about tangible commodities or abstract fantasies, there’s always something to sell, there’s always someone willing to sell it, and there’s always someone interested in buying it.

So let’s dive straight into it. Who’s selling what, where, and most importantly, to whom?

Well, Cryptocurrency has been a “thing” in Hollywood for quite some time now, with celebrities swearing by their digital currency and Web.3 investments. Kanye West and Snoop Dogg are, of course, leading the “pack” with their efforts and full involvement in the NFT and Metaverse sectors.

Snoop Dogg

Image source axs.com

 

Rapper, actor, and businessman (who, as reported by CNN, has just dropped his very own brand of breakfast cereal – Snoop Loopz) is a real crypto-aficionado. What am I saying, the man is literally building a crypto-empire with his NFT collections and his strive to support young, emerging artists through digital currency. NFTs, or non-fungible tokens, are one-of-a-kind blockchain tokens that can represent ownership of a digital or physical asset, usually in the form of a unique art piece.

The “Drop it Like it’s Hot” singer has recently talked about what’s happening in the crypto markets lately and how he feels that the cryptocurrency winter “may actually do the industry some good in the long run.”

The artist went on to state that he believes crypto is a “beautiful industry” with plenty of potential and plenty of opportunities too. He added that he personally feels that the industry’s temporary swinging position is not here to stay, “there is always a depression in every industry,” he says, comparing the current downfall of the crypto markets to those of alcohol, tobacco, fashion, and even food.

 

The statement comes just after major news broke out about:

• One, is that the world’s main record label companies, Universal, Warner Music Group, and Sony Music, have all investigated the possibility of employing NFT technology in the near future, which would in return, attract even more artists to join the cause.

 

• Two, after partnering with Bored Ape (and creating its very own Taco Truck business – Bored Taco), Snoop might be thinking of partnering with yet another animal-themed project. Dogs? Nah, Cats!

The Starsky & Hutch actor is allegedly in talks with the developers of Big Eyes for the creation of a “top-secret” project involving unique NFTs which will stimulate and benefit young, emerging artists.

Kanye West

 

Another talented artist, rapper, and businessman. Kanye West (who has recently been spotted out with a “mystery brunette”), famous for his Yeezy lifestyle brand and of course, his relationship with modern-day starlet Kim Kardashian (formerly Kim Kardashian West), is not new to making “shocking” claims.

(image source The Indian Express)

This time, the 21-time Grammy winner has spoken in favour of cryptocurrency, saying that the “True Liberation of America” (Forbes) might actually come from Bitcoin (BTC) and the cryptocurrency industry at large. Well that’s a bold claim, Kanye! But could he have spoken some truth there?

(Kanye on the Joe Rogan Podcast)

 

In the age of the digital, having the opportunity to create “self-wealth” through decentralised finance (DeFi) and consequently eliminating the need for intermediaries (such as banks) has been a blessing for many, celebrities included.

Any, (or almost any) crypto projects hold the space and the freedom to generate passive income for their users in a convenient and straightforward way.  For the most part, the DeFi protocol works as follows: You get to stake your “magic” token to earn yield in digital currency that you may then trade on margin for derivatives of even more digital tokens. In a sense, this process constitutes a remarkable accomplishment for our society – as a (now) large sector of the economy, we have finally developed a distinct financial system that is, for the most part, functioning, (very) profitable, and also almost entirely disconnected from the physical world.

The Billionaire and (controversial) MAGA supporter, after having had some concerns about NFTs (non-fungible-tokens) bidding them volatile “objects” with no foundations or intrinsic purpose in the “real world,” has turned around. He has now warmed up to the idea of having his own NFT collections, following in the footsteps of fellow rapper Snoop Dogg.

According to over 15 new trademark cases submitted around the rapper’s alter-persona, “Yeezus”, Kanye West may be getting ready to mint his very own NFTs.

These speculations are based on the fact that “Ye” (Kanye’s new legal name) is now exploring “blockchain-based non-fungible assets,” currencies, and tokens, trying to possibly open up an online Metaverse retail store that would feature digital art as well as items from his Yeezy fashion house. All of this, it is rumoured, will be created in partnership with Big Eyes, an up-and-comer in the world of cryptocurrency and digital art.

Other Celebrities

If you thought that Mr “Ye” or “Big Unc Snoop” were the only superstars to have ventured into the wonderful, wonderful world of digital products and investment, well you are very wrong my friend!

In the cryptocurrency endorsement expedition, alongside the before-mentioned duo, other very prominent names come up.

Artist and influencer Paris Hilton has made NFTs “hot” by introducing to the market a series of “iconic” digital art pieces which sold for millions of dollars. The heiress to the Hilton Hotels “Empire” has repeatedly applauded the industry for the way it has helped democratising art and empower women.

Good Will Hunting actor and Academy Award winner Matt Damon has also expressed his full commitment to the cryptocurrency industry. In recent months Damon has been stating that “Fortune Favours the Brave” and that investing in digital currency should be a priority for anyone looking to make passive income.

Last but not least, British Supermodel Kate Moss has used cryptocurrency to make some good. The businesswoman and fashion Icon got in on the NFTs trend, presenting something wholly original. She created a video showing her in bed, sleeping, and released it as a non-fungible token titled “Sleep with Kate,” which then sold for over $17,000. All proceeds have gone to the non-profit organisation “Gurls Talk.”

Other notable personalities involved in cryptocurrency include Kim Kardashian, entrepreneur Elon Musk, Bella Hadid, Eminem, and comedian Ellen DeGeneres.

Now, who’s going to be the next big celeb to endorse Big Eyes?

“Certified Cuteness”: Big Eyes

Okay, so we have been mentioning the possibility of celebrities like Kanye and Snoop endorsing Big Eyes. Cool! But you may be wondering, what is Big Eyes? Well here is what we know about the new “certified cuteness” meme coin and NFT-based cryptocurrency.

First of all, Big Eyes (BIG) has been fully developed to be the cutest meme coin in the cryptocurrency sphere. It has been said that the creators of Big Eyes – a cute ginger kitten bearing sparkly eyes – have been elaborating the project to be the best possible alternative to the prominent (silly-looking) Shiba-inspired meme currency already present on the market (Dogecoin rings a bell).

Big Eyes (BIG) is a full-fledged community token that has the explicit objective of creating and then transferring income from the Defi ecosystem into individual’s wallets, while also preserving the essential component of global community interconnections.

Tokens issued by the community can generate significant riches for both individuals and charitable organisations. Big Eyes strives to expand its endeavours even more by developing a blockchain ecosystem that can self-propagate for hypergrowth using non-fungible tokens (NFTs) – You can see why the two rappers, which have always been interested in developing community ties and helping the younger generations, are allegedly thinking about getting involved in the Big Eyes ecosystem and efforts.

In order to assure the longevity and sustainability of the project, to guarantee an investors-come-first ecosystem, and also to keep great ideas flowing, the ecosystem has implemented reactions that are quick and smooth, just like the ones of a cat, of course.  A tax system that is both straightforward and dynamic will permit adjustments to be made to fees with Auto Burn features, Marketing Wallet, and LP Acquisition.

Big Eyes plans to go big on NFT creation, with a creative marketplace waiting to open – the NFT Sushi Crew. The NFT collection will aim at bringing joy to the community while also increasing the value of the token, benefiting all holders in return. In addition, all revenue made through the NFT events will be contributed to a vote on whether or not to burn currency.

Big Eyes is also planning on giving its community access to many other in-house projects such as contests, rewarding systems and a shop where Big Eyes aficionados can purchase cool merch designed by the hottest artists in the business; this “wear the stare” venture is aimed at attracting even more individuals to join the “family” and expand Big Eyes’ reach (together with holder’s wallets).

The cutest project in DeFi is aiming at raising 50 million USD by the end of the year. According to data, the Big Eyes presale so far has managed to raise a whopping 1 million dollars.

The Big Eyes platform is going to be a place for creatives, artists, and anybody who is really “hungry for a change.”

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

American rapper Snoop Dogg has been one of the most prominent names when it comes to the non-fungible token (NFT) and Web3 space. Snoop Dogg has launched several projects across different blockchains and has shown vast interest in the space as a whole. As the market heads into a full-blown bear cycle, most investors in the space have become wary regarding the future of the networks but the rapper continues to remain positive.

Still Bullish On Ethereum

With the decline in price, a lot of investors have become very bearish toward digital assets such as Ethereum. The decline in network activity has not helped its case either as Ethereum has recorded more than a 100% drawdown in the dollar value of the network transaction volumes. Even though it was expected, a lot of people still seem to have been blindsided by this but not Snoop Dogg.

Related Reading | What Happens To Bitcoin Miners If Price Keeps Dropping?

The rapper explained that the bear market was actually useful. To him, it would help to weed out the people who do not really believe in the market, saying; “I feel like this [crypto winter] weeded out all the people who weren’t supposed to be in the space and who were abusing the opportunities that were there.”

Snoop had taken to the space like fish to water and alongside his son, Champ Medici has released some of the best-performing NFT collections in the space. The rapper himself owns about $17 million worth of NFTs, and has, in the past, alluded to the importance of NFTs to the music industry. 

ETH price holding above $1,000 | Source: ETHUSD on TradingView.com

Snoop’s NFT activities have not been just limited to the Ethereum network either. Earlier in the year, the rapper announced that he was launching an NFT collection with Champ Medici on the Cardano blockchain. It was the first step in breathing life into NFTs on the Cardano network.

NFT Isn’t Dead

The only drawdown being noticed in the NFT space is the dollar value of the trades being carried out. Data shows that NFT trading continues to thrive when looked at from the angle of the number of NFTs being traded rather than the dollar value attached to them.

Related Reading | ProShares Short ETF Becomes Second-Largest Bitcoin Fund In Record Time

An example is the data from OpenSea which shows almost identical NFT trading figures for the months of May and June. However, due to the price crash, the dollar figures across them have declined significantly by more than 150%. The number of collections being launched has also grown by almost 100% in the last month.

Snoop Dogg’s support of NFTs has transcended into his music too. This week, the rapper released a video alongside fellow rapper Eminem where they transformed into Bored Ape Yacht Club characters. The price of ApeCoin had jumped 22% in a single day following the release of the video.

Featured image from NPR, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Snoop Dogg’s NFT Empire is Expanding

The American rapper known as Snoop Dogg is sharing his new music in the form of non-fungible tokens (NFTs), which will be released on the Cardano blockchain.

This NFT launch was conducted through a collaboration between Clay Nation and Snoop Dogg.

Clay Nation posted the official announcement on March 31, 2022, where we can see a video of Snoop Dogg and Champ Medici having a discussion when Charles Hoskinson, the founder of Cardano, shows up on the TV and invites them to collaborate.

This will be fun #Cardano https://t.co/rxgYimMQW7

— Snoop Dogg (@SnoopDogg) March 31, 2022

The rapper met Hoskinson on Twitter Spaces, where anyone could attend the event through the social media platform.

Yes, I’ll be with Snoop on the 5th. I have the best job in the world https://t.co/mzoChtqRDS

— Charles Hoskinson (@IOHK_Charles) March 31, 2022

This could also be an indication that Hoskinson could potentially appear in a future music video minted on the Cardano blockchain in the form of an NFT.

Clay Nation is a collection of 10,000 digital NFT characters made of clay.

However, this is not the first time the rapper has launched a non-fungible token (NFT) collection or has been a part of one.

On November 25, 2021, Snoop Dogg announced an NFT known as “Decentral Eyes Dogg,” which consisted of animation with several portraits of him and an NFT that sold for 188 Ether (ETH).

Then in February of 2022, Snoop Dogg released songs in collaboration with Gala Music, where 25,000 NFTs were released in circulation and where the rapper reportedly raised $125 million.

Other high-profile investments from Snoop Dogg include being an early investor in Reddit, Robinhood, and the Swedish payments company Klarna.

Due to all of this, we can see that Cardano is next in the lineup of the NFT endeavors that Snoop Dogg is pursuing, and this could lead to an increased usage of the blockchain, as well as higher demand for the ADA cryptocurrency.

The actor and comedian Martin Lawrence also started selling his Cardano-powered NFTs. On June 11, 2022, Lawrence announced that he sold his first NFT for 3,000 ADA, titled “Zoltan Roberts,” from the collection known as “Martin: The Reunion.”

Steve Aoki, one of the most well-known DJs on a global level, said that he makes more from NFTs than from music royalties.

Aoki sold an NFT for $888,888.88 last year, which was paid by former T-Mobile CEO John Legere. This was a part of his collection known as “Dream Catcher,” which was created by visual artist Antonio Tudisco.

Today’s the day u can get my Dream Catcher collection at 11am PST / 2pm est on @niftygateway! Amazing visuals by @antonitudisco. Top buyers will also receive an @infiniteobjects video print of the art too!! Woo!!! Get urs before they’re all gone!! https://t.co/8Jm23duSwt pic.twitter.com/GjbmcJs37z

— Steve Aoki (@steveaoki) March 7, 2021

Based on Steve Aoki’s experience, it is clear that artists such as actors, DJs, rappers, or anyone else within the creative industry can monetize their content or create new content directly through the usage of a blockchain platform.

This means that releasing their art in the form of an NFT is a lot more financially viable when compared to just relying on royalties gained from their other content.

Artists create NFTs to enlarge their community, directly engage with it on a deeper and more intimate level, grow their wealth, and have a higher level of control over how their art is created, distributed, and monetized.

Technical Indicators

On June 20, 2022, Cardano (ADA) was trading at a value of $0.4964.