Snoop Dogg Breaks Records with $12M NFT Sellout on Telegram in Half an Hour
The post Snoop Dogg Breaks Records with $12M NFT Sellout on Telegram in Half an Hour appeared on BitcoinEthereumNews.com. Snoop Dogg made almost $12 million in profit after selling out his Non-Fungible Token (NFT) collection in 30 minutes. In a music video of a track called “Gifts”, the American rapper showcased all the collectibles which likely appealed to users. American rapper Calvin Cordozar Broadus Jr., professionally known as Snoop Dogg, sold out a collection of almost a million NFTs on Wednesday, July 9, making nearly $12 million in profit. As detailed in our earlier post, Snoop Dogg completed these sales in just 30 minutes on Telegram. Announcing this significant milestone, Telegram founder Pavel Durov highlighted that there could be further development and excitement within the NFT space as the blockchain minting and the secondary market are expected to go live after 21 days. Already, the “NFT hype” seems to be coming back as Cboe files Form 19b-4 to launch Canary PENGU ETF, combining NFTs and meme coins, as indicated in our recent coverage. Binance Chain also seeks to improve its NFT experience with the Maxwell Hard Fork, which was recently explained by CNF. The Snoop Dogg NFT Collection According to reports, Snoop Dogg’s NFT collection included swag bags, vintage cars, marijuana related objects, digital dog, etc. Basically, these Telegram gifts exist as animated images that could be shown on profiles. Apart from this, they could also be converted into Stars, the platform’s in-app currency. Our research shows that these 30-minute sales of the NFT collections were not by fluke, as Snoop Dogg showcased all the available collectibles in the music video of his latest track called “Gifts”. Meanwhile, an X user identified as Zenith who is associated with the TON blockchain, has clarified that Telegram gifts have been available since at least January. According to him, the unique utility of the Telegram gift could appeal to other popular brands…
The post Snoop Dogg Breaks Records with $12M NFT Sellout on Telegram in Half an Hour appeared on BitcoinEthereumNews.com.
Snoop Dogg made almost $12 million in profit after selling out his Non-Fungible Token (NFT) collection in 30 minutes. In a music video of a track called “Gifts”, the American rapper showcased all the collectibles which likely appealed to users. American rapper Calvin Cordozar Broadus Jr., professionally known as Snoop Dogg, sold out a collection of almost a million NFTs on Wednesday, July 9, making nearly $12 million in profit. As detailed in our earlier post, Snoop Dogg completed these sales in just 30 minutes on Telegram. Announcing this significant milestone, Telegram founder Pavel Durov highlighted that there could be further development and excitement within the NFT space as the blockchain minting and the secondary market are expected to go live after 21 days. Already, the “NFT hype” seems to be coming back as Cboe files Form 19b-4 to launch Canary PENGU ETF, combining NFTs and meme coins, as indicated in our recent coverage. Binance Chain also seeks to improve its NFT experience with the Maxwell Hard Fork, which was recently explained by CNF. The Snoop Dogg NFT Collection According to reports, Snoop Dogg’s NFT collection included swag bags, vintage cars, marijuana related objects, digital dog, etc. Basically, these Telegram gifts exist as animated images that could be shown on profiles. Apart from this, they could also be converted into Stars, the platform’s in-app currency. Our research shows that these 30-minute sales of the NFT collections were not by fluke, as Snoop Dogg showcased all the available collectibles in the music video of his latest track called “Gifts”. Meanwhile, an X user identified as Zenith who is associated with the TON blockchain, has clarified that Telegram gifts have been available since at least January. According to him, the unique utility of the Telegram gift could appeal to other popular brands…
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