Snoop Dogg Voices Concern Over Lack of Demand for His Rare NFTs

Snoop Dogg, a notable figure in both music and NFT collections, faced an offer of $194 for an NFT previously acquired for $7 million. This occurred following the rapper's lamentation about the limited demand for his rare token, "Right-click and Save As guy," from his collection.

Cozomo de'Medici, a persona linked to Snoop Dogg's NFT collection, initially acquired the animated digital artwork, "Right-click and Save As guy," for $7 million (1,600 ETH, approximately $4.4 thousand per ETH) in late 2021. However, recent market value assessments on Superrare offered a stark contrast, proposing a mere $194 (0.12345 ETH) for the same token after the artist's complaint.

According to Dappradar, one of Snoop Dogg's known wallet addresses estimates his NFT collection's current value at $2.47 million, a significant drop from its worth of over $17 million in November 2021. The musician possesses a variety of expensive NFTs, including rare CryptoPunks, Meebits, and pieces from the Art Blocks series of generative art.

Beyond collecting digital tokens, Snoop Dogg actively engages in their creation and the advancement of the industry. In mid-July, he contributed to raising $20 million for a music NFT startup called Sound. These funds aim to onboard new talent and expand the project's presence in the music digital sphere, particularly on mobile devices.