- In an interview with CNBC, pro-crypto rapper Snoop Dogg stated that he considers the market crash to be nothing more than a temporary problem and has faith that the crypto industry will rise up.
- The rapper agrees with the creator of Ethereum that the crisis that crypto assets are going through helps eliminate projects and people who do not contribute anything to the ecosystem.
- Snoop Dogg sees a great future for the world of NFTs and blockchain technology thanks to the registration of intellectual property as well as Web3.0.
For a few weeks now, the digital assets industry began to have a very bad run, with prices plummeting like ducks in the classic NES game “Duck Hunt”, since like birds, companies one by one have They have been falling and are collected by the so-called crypto winter, which in this analogy would be Duck Hunt Dog.
Rivers of ink have been spilled since tokens such as Bitcoin, Terra or Luna succumbed at the beginning of the crypto “Long Night” and among the various commentators and voices that have been proclaimed in this regard, it is found thatl rapper Snoop Dogg who spoke about the subject in an interview with the medium CNBC.
Snoop Dogg he was optimistic and indicated that he has faith that the crypto industry will rise as he sees the market crash as nothing more than a temporary problem.
“I think it was a beautiful industry that was created. I believe that all industries present at some point in their life a similar fact, alcohol, tobacco, clothing, food, if you look closely, they all have something similar“said the rapper.
A way to purge the market
The rapper agrees with the creator of Ethereum, Vitalik Buterin in which the crisis that crypto assets are going through It is like removing the rotten apples from a fruit bowl, that is to say, that it works the same as a purge to remove what is not needed from the market.
“I believe that the current crisis is “eliminating” all the people who really shouldn’t be here, as well as all those who were taking advantage of existing opportunities, so once this purge is over, the business will prosper again and the future of the crypto market in general”he declared.
NFT, blockchain and intellectual property
The rapper pointed out that heo What caught his attention from non-fungible tokens and other collectibles was the idea of intellectual property (IP).
“The fact of owning and controlling all of an intellectual property, and not being used as a marketing tool… that’s genius.l”.
Rapper Snoop Dogg also pointed out that, when it comes to music, he considers that lRecord labels in the future will have no choice but to enter the world of the Web3 and the NFT because “all of them” have asked him for advice.
This prediction is similar to what happened with music in digital format, starting with Steve Jobs’ iTunes service, which left the industry no other way out than to enter the virtual world, which is why the big record companies are present today in apps like Spotify, Apple Music or Dezzer.
The first to take these steps are the Warner Music Group, Universal and Sony Music consortiums, which have already explored NFTs.
“Tasooner or later the record companies are going to have, yes or yes, to be part“, said Snoop, who also pointed out that he acquired Death Row Records at the beginning of this 2022 and that, in addition, he already has NFTs on the market through said platform.
“They’re going to have to sit down at the table and understand that, you know, their catalogs and the things they keep are better off on the blockchain than sitting in the catalog accumulating web.nas”.
In 2013, the rapper stated through his Twitter account that he wanted to accept “so-called digital gold” as payment for his next album and have it delivered by drone. Dogg’s tweet quickly drew attention, as the firms Bitpay and Coinbase, neither slow nor lazy responded to the post.
“Hello, Snoop Dogg. we can help you with thatAtlanta-based Bitpay responded while Coinbase joined in saying: “We could make the Bitcoin part a reality for you”.
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