Snoop Dogg Might Be NFTs and Web3’s Visage, But What Impact It Makes On Sector?

Considered by several folks as Wild West, Web3 is decentralized and open-source, and is prompting numerous to seek ways to increase profitability through its features.
While investors and some organizations are looking for placing their best bets, prominent rapper and NFT collector Snoop Dogg appear to have found its rhythm.
NFT and cannabis connoisseur made an announcement that he joined virtually indigenous lifestyle as well as FaZe Clan on 7th March.

Snoop Dogg’s Robust Existence in Digital Space

From developing Snoopverse in Sandbox to making pseudonymous digital persona “Cozomo de’ Medici,” Snoop Doog’s virtual footprints are hard to turn our heads from.

Influence made by Snoop Dogg in this industry cannot be denied, with at minimum an investor spending upward of $450,000 for a piece of virtual land adjoining to rapper’s digital estate.

Snoop Dogg’s participation in Web3 indicates innovation, development, ownership and content creation. Rapper never shy away from dropping it like it’s hot in at every corner of industry, leaving a few to give a thought on fact that he can be present face of Web3 and is a leading path for other creators.

New Gateways Emerging For Music NFTs

Music NFTs are coming after their prominence witnessed by visual art NFTs, and there are presently some planned collaborations underway. For instance, Snoop Dogg recently acquired Death Row Records and is planning to transform it into an initial NFT recording label in metaverse. Others are discovering influence in collaborating with other artists.

Royal, an NFT project discovered by music producer and DJ 3lau, joined forces with rapper Nas for increasing awareness of several ways artists can link to their fans while generating revenue stream without deviation. However, it is not only a prominent name in sector who are shifting their heads towards technology as well as space.

Creator Economies Are Made For Web3

Web3 is the evolution of internet, and while it might be difficult to define sector favors creators and creatives. Since framework is developed on blockchain, artists wants a specific degree of clarity and autonomy.

Web3 strays away from Web2 notions of Big Tech platforms owning, governing and managing data. Enabling folks to own as well as potentially generate profit via their creations.

“Overall, what I found is that collectors want to feel connected and like they are a part of something bigger than themselves. They want to interact with the art they love while having an integral role in its continued success.”
— cdixon.eth (@cdixon) January 7, 2022

While YouTube instigated a new path for folks to create, present as well as disperse content, platforms are currently blending Web3 ownership features into their designs. Web3 targets to democratize creation of data as well as dispersion via smart contracts, royalties and several revenue streams.

Concept of ownership in Web3 offers perks to community as well as creator due to their provenance. Given that content licensing could be captured on blockchains, the objective is for time when creative works would get tirelessly pirated to be long behind us.

Creators are no longer stuck in just single sector in Web3, as proved by Doggfather Snoop Dogg and his collaboration with FaZe Clan.