{"id":63637,"date":"2022-06-29T11:20:08","date_gmt":"2022-06-29T08:20:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63637"},"modified":"2025-09-06T10:07:07","modified_gmt":"2025-09-06T07:07:07","slug":"snoop-dogg-the-crisis-will-benefit-the-crypto-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/snoop-dogg-the-crisis-will-benefit-the-crypto-industry\/","title":{"rendered":"Snoop Dogg: The Crisis Will Benefit the Crypto Industry"},"content":{"rendered":"<p>The current crisis in the cryptocurrency industry has weeded out those who do not belong and who &#8216;abused the opportunities&#8217;. This view was voiced by American rapper Snoop Dogg in an interview with CNBC.<\/p>\n<p>According to him, negative phenomena will, in the long run, bring &#8216;some benefit&#8217;.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Snoop Dogg: Crypto winter 'weeded out' the NFT abusers\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/N9UR3VTLbvQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I think every great industry experiences a downturn; in any industry you can look at, there is always a slump,&#8221; said Snoop Dogg.<\/p>\n<\/blockquote>\n<p>The rapper added that major record labels will inevitably enter the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-nfts\">NFT<\/a> segments, because &#8220;all of them&#8221; have come to him for advice.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Sooner or later the labels will have to intervene. They&#8217;ll have to sit down at the table and understand that, you know, their catalogs and the assets they hold are better served on the blockchain,&#8221; he added.<\/p>\n<\/blockquote>\n<p>His words are borne out by a clear trend among the industry&#8217;s major players. Earlier, the <a href=\"https:\/\/u1f987.com\/en\/news\/warner-music-group-signs-partnership-with-nft-game-developer\">Warner Music Group signed a partnership<\/a> with the NFT-game developer Splinterlands, and <a href=\"https:\/\/u1f987.com\/en\/news\/nft-marketplace-makersplace-raises-30-million-from-pantera-capital-and-other-investors\">Sony Music participated in an investment round<\/a> for the $30 million MakersPlace NFT platform.<\/p>\n<p>In November 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/bored-ape-yacht-club-creators-acquire-rights-to-cryptopunks-and-meebits\">Universal Music Group introduced a musical group<\/a>, consisting of the &#8216;Bored Apes&#8217; from the Bored Ape Yacht Club collection (BAYC).<\/p>\n<p>Snoop Dogg also touched on Twitter. According to the musician, he would &#8220;change a lot&#8221; on the platform if given the opportunity. The rapper&#8217;s son, who goes by the pseudonym ChampMedici, said that they are ready to collaborate with Elon Musk if he closes the <a href=\"https:\/\/u1f987.com\/en\/news\/twitter-board-unanimously-recommends-shareholders-approve-elon-musks-44-billion-purchase-of-the-social-network\">deal to buy the social network<\/a>.<\/p>\n<p>Snoop Dogg is a well-known investor in collectible tokens under the pseudonym Cozomo de\u2019 Medici. The rapper released <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-com-to-launch-its-nft-marketplace-with-tokens-from-snoop-dogg-and-bosslogic\">his own series<\/a> of NFTs, including <a href=\"https:\/\/u1f987.com\/en\/news\/nyan-cat-creator-sells-new-nft-in-collaboration-with-snoop-dogg\">in collaboration<\/a> with the creator of the meme gif Nyan Cat, Chris Torres.<\/p>\n<p>He also announced <a href=\"https:\/\/u1f987.com\/en\/news\/snoop-dogg-to-launch-digital-cannabis-farms-as-nfts\">the creation of digital cannabis farms<\/a> in the MOBLAND project&#8217;s metaverse and <a href=\"https:\/\/u1f987.com\/en\/news\/snoop-dogg-unveils-nft-dessert-shop\">the launch of an NFT dessert shop<\/a>.<\/p>\n<p>In February, the musician <a href=\"https:\/\/u1f987.com\/en\/news\/snoop-dogg-to-turn-death-row-records-into-the-first-nft-label\">announced<\/a> plans to turn his Death Row Records into the first NFT label.<\/p>\n<p>Back in June, <a href=\"https:\/\/u1f987.com\/en\/news\/eminem-and-snoop-dogg-become-bayc-characters-in-a-new-music-video\">Snoop Dogg and Eminem released a clip<\/a> in collaboration with BAYC, in which they appeared as animated apes.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 news on cryptocurrencies, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current crisis in the cryptocurrency industry has weeded out those who do not belong and who &#8216;abused the opportunities&#8217;. This view was voiced by American rapper Snoop Dogg in an interview with CNBC.<\/p>\n","protected":false},"author":1,"featured_media":63638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,2249],"class_list":["post-63637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-snoop-dogg"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63637"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63637\/revisions"}],"predecessor-version":[{"id":63639,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63637\/revisions\/63639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63638"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}