Snoop Dogg Pioneers Weed NFT

Snoop Dogg is planning to invest in a digital cannabis farm. The singer’s current venture is not his first in the cryptocurrency market (NFTs), making him one of the musicians with the most digital assets today. Sandbox, a video game for iOS and Android that was first released on May 15th, has just released about 10,000 playable avatars for usage in the metaverse.

Many marketplaces, such as cryptocurrency, have formed as a result of the technological revolution. With this in mind, Snoop Dog, who is constantly working with cannabis applications, couldn’t pass up this opportunity. As a result, the rapper intends to invest in a digital Weed Farm, a brand that hosts tokens (NFTs) on “digital farms” based on cannabis crops.

For some time, the musician, who is also recognized for his outstanding appreciation of the plant, has been “dating” the market. Champ Medici, Snopp’s son who is already involved in the industry, is persuading his father to invest in the metaverse, a form of the virtual environment that attempts to duplicate reality through digital gadgets.

The concept is to turn a digital universe, or metaverse, into a marketplace for purchasing and selling cannabis. But how does this happen? Allow us to explain:

Through a game called MOBLAND, which is nothing more than an online ecosystem in which users pretend to be mafia members. The rapper aims to cultivate his crops in order to promote cannabis trading on the platform. In the next months, the first crops will be launched in the digital realm.

The Hemp.im app contains more information about the cannabis industry as well as other vital cannabis news. This app compiles the most recent marijuana news from the cannabis sectors in which investors are active. Hemp.im brings you the most recent CBD and hemp industry news, which is expected to be valued at more than $14.67 billion by 2026. The scenario is gradually changing, and both investors and businesses are keeping a close eye on the cannabis sector.

Other musicians have joined this “new wave.” According to the Beincrypto website, names like Mike Winkelmann, also known as Beeple, are becoming more prominent in this scenario. One of the digital artist’s masterpieces was sold for $69 million (undoubtedly one of the highest amounts ever paid for work, physical or digital).

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We don’t know if this market will remain hot for long, but we can say that for the time being, many investors’ sights are going to this sector, which, as far as we can tell, welcomes cannabis, even in its digital form.