Snoop Dogg Cardano collaboration brings NFT music. Snoop Dogg, a rapper from the United States, is teaming up with Cardano-based platform Clay Nation to issue unreleased music as non-fungible tokens (NFTs) on the Cardano ($ADA) blockchain. According to reports, the project will include “iconic collectibles” and “limited edition ‘pitches.”
In an upcoming Twitter Spaces meeting between Snoop Dogg and Cardano founder Charles Hoskinson, clay versions of the American rapper and crypto investor Champ Medici praise the event, with Snoop remarking that he’s been “wanting to learn more about Cardano and this Web3 stuff.”
— Clay Nation ?️ (@The_ClayMates) March 31, 2022
Snoop dogg Cardano collaboration
On April 5 at 6 pm UTC, Cardano and Snoop Dogg will meet in a Twitter Spaces session. The meeting has been confirmed by both Snoop Dogg and Hoskinson. During the Twitter Spaces gathering, information on the upcoming NFT collection released on the Cardano blockchain will be revealed.
What is Clay Nation?
Clay Nation’s NFT collection comprises 10,000 digital characters that have algorithmically created, handcrafted clay characteristics. Although Clay Nation NFTs are now available on secondary marketplaces, the initial group is no longer available. The NFT collection has worked with the American rock band Good Charlotte.
Cardano’s Snoop Dogg-based NFTs
After reaching a new level, Cardano’s Snoop Dogg-based NFTs will be released shortly. According to Morgan Schofield, Head of Ecosystem Growth at Cardano, the network has now created more than 4 million native tokens and nearly 50,000 minting rules across almost 50,000 minting policies. On Cardano, over 4 million non-fungible tokens and non-ADA tokens are now circulating.
The achievement follows a significant global cryptocurrency market recovery, during which Cardano briefly led prominent altcoins in terms of price gains. When it comes to total value locked, the performance of Cardano may be linked to its developing decentralized finance ecosystem, which recently passed the $300 million mark—$400 million if we consider staking – and approaches $600 million when including derivatives.
Coinbase adds Cardano
Cardano is now available on the Coinbase platform, allowing users to earn a yield on their ADA holdings by participating in the network’s Proof-of-Stake mechanism.
According to a press release from Coinbase’s Senior Product Manager Rupalini Sahu, the rollout is part of the cryptocurrency firm’s strategy to expand its staking portfolio throughout 2019. “Cardano aims to enable smart contracts so that developers can create a wide range of distributed finance (DeFi) applications, new crypto tokens, games, and more,” Sahu said in the announcement.
Coinbase’s move came as the transaction volume on the Cardano network skyrocketed, and the overall value locked in its decentralized finance (DeFi) applications continues to rise.
Cardano (ADA) price
At the time of writing, Cardano ($ADA) is valued at $1.200.