NFT Storm: Snoop Dogg Claimed $17M NFT Collection while Hybrid NFT is Dedicated to a Feature Film

On September 21st, a hip-hop star—Calvin Cordozar Jr., also known as Snoop Dogg—revealed his anonymous identity behind a non-fungible token collection in a tweet. He claimed to identify as the individual behind the “Cozomo de’ Medici” NFT collection.

Although he hasn’t further clarified his proclamation aside from the tweet, DappRadar revealed that the current wallet worth of Medici’s NFT is about $17,600,000. Snoop Dogg’s NFT collection includes a long list of popular Art Blocks tokens, CryptoPunks, and Meebits.

The CryptoPunks has the most significant percentage of his portfolio value. The portion runs up to about 75%, while tokens estimate about $13 million. Part of his collection is CryptoPunk #3831, representing a green alien with a mask and sunglasses having an estimated five million dollars.

While Snoop’s revelation may not have a good effect on clever marketing, Cozomo’s tweeted five minutes before the revelation that they would start publishing on their account. However, this is Snoop’s first attempt to dive into the NFT sector because he had once collaborated with the creator of the Nyan Cat meme to make “Nyan Dogg” NFTs during the early moments of this year.

NFT Collector Lost $294,000 NFTs to Hackers

Baccrideted—an NFT collector—took to his Twitter page a few days back to reveal how hackers moved NFTs and tokens worth about $735,000. He revealed that he wasn’t sure how hackers got into his account for such an illicit act in his losses. However, he reiterated how he saved his private keys and seed phrases as a .txt file.

He said in his tweet,

“I know how stupid I was. $375K worth of stupid. I put private keys and seed phrases in txt files on my mac’s filesystem. That is a bad idea. I didn’t use a hardware wallet for high-value assets. I know. I know. I KNOW.”

However, “Baccredited” mentioned that he has popular collections such as Bored Ape, Art Block, and Pudgy Penguins. He noted that the event’s turnout is a new lesson to have private physical storage for his crypto portfolio.

The Hybrid NFTs (h-NFTs)

Marvioin—a blockchain-based metaverse firm—is creating a type of non-fungible tokens (NFT) known as “Hybrid” NFTs (h-NFTs). This tech firm is partnering with Phoenix Waters Productions and AMM Global to create h-NFTs to support the release of its soon-to-be-released feature film title “Lockdown.”

As explained by Marvoin, a “Hybrid” NFT is a smart contract integrated with intellectual ownership and license. It has an integrated smart contract that completes decentralized transactions and has essential intellectual property ownership license legal terms. With that, you are not only buying a token; you are a rightful owner of the number of units purchased.

The first batch of the h-NFTs will see the issuance of five limited editions of h-NFTs occurring in November before the film premiers. The h-NFTs will have the movie content. Likewise, the firm contemplates making tokenized tickets available for live-screening viewers from Hong Kong and the United Kingdom.

Lockdown tells a story wherein an actor went through an audition process that seemed difficult due to the director’s test. The director requested that they should stop the possible elimination of an individual from his circle. The popular characters are Xander Beckley, who performed enthusiastically in Terminator 2, and Anita Chu from The Walking Dead.

However, the h-NFTs specific details will be shared across platforms in some weeks

QAnon Conspiracy Became a Token

One of the early adopters of the QAnon Conspiracy Theory, Ron Watkins, revealed that he started an NFT collection via auction to fund a special project he believed would help save Americans. This NFT collection contains five (5) tokenized tweets from Ron that Donald Trump retweeted before both individuals were banned from the platform.

He mentioned to his Telegram group that,

“A few weeks ago, I decided to start working on a secret project that I feel will help save America. To help raise funds I’m selling a collection of five of my tweets that were retweeted by President Trump as special Non-Fungible-Tokens.”

Even though the project details are not revealed yet, this NFT collection has the codename “CodeMonkeyZ Freedom Series” launched on OpenSea for auction.

How NFT is Becoming a Movement

Amidst different crypto regulations, the NFT marketplace experiences continuous adoption. Both creators and resellers keep leveraging this innovation to accrue funds for various purposes. Tokenization is exploding, and adoption is happening across different sectors.

An instance is a $680,000,000 funds obtained by SoftBank—a Japanese fintech—for soccer Series B funding. Another is WWE NFTs dropped around last month by John Cena, an actor, and a professional wrestler. John Cena addressed the sales as a catastrophic failure because fans only bought less than one-tenth of the NFTs due to the high price.

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