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Snoop Dogg Sells Nearly 1M NFTs on Telegram, Nets $12M in 30 Minutes

  • Snoop Dogg sold nearly 1 million NFTs on Telegram in 30 minutes, earning $12 million, showcasing the enduring popularity of NFTs.
  • The NFTs were tied to the TON blockchain's digital gifts feature on Telegram, offering social utility by being displayable on profiles and exchangeable for Stars.
  • Snoop Dogg's collection was inspired by his lifestyle and included elements like vintage cars, marijuana, and digital dogs, alongside a Telegram-themed song.
  • The success of Snoop's NFT sale comes amidst a declining NFT market, pointing towards NFTs potentially moving beyond price speculation to emphasize their social integration and purpose.

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