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Snoop Dogg Breaks Records with $12M NFT Sellout on Telegram in Half an Hour

  • Snoop Dogg made nearly $12 million in profit by selling out his NFT collection on Telegram in just 30 minutes, showcasing various collectibles in a music video for a track called "Gifts".
  • The collection included items like swag bags, vintage cars, marijuana-related objects, and digital dogs, presented as animated images that could be displayed on profiles or converted into Stars on the platform.
  • Snoop Dogg's involvement in NFTs dates back to 2021, with previous projects like buying a Bored Ape Yacht Club monkey, launching the Snoop Dogg Passport Series, and collaborating with the Sandbox metaverse for the Doggies NFT collection.
  • Despite fluctuations in the NFT market, with trading volume declining in 2024 and overall sales seeing a drop, Snoop Dogg's successful NFT sellout highlights the ongoing potential and interest in the NFT space.

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