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Snoop Dogg Launches NFT Collection, Raising $12 Million in 30 Minutes

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by Giorgi Kostiuk

7 hours ago


As the world discusses innovations in digital assets, Snoop Dogg has launched a new NFT collection on Telegram that has quickly garnered the attention of millions.

Snoop Dogg's NFT Collection: A New Milestone in Digital Assets

Snoop Dogg, the renowned rapper and entrepreneur, successfully released his new NFT collection on Telegram, which sold out in a record 30 minutes and raised $12 million. This collection showcased his influence in the crypto market and emphasizes the significance of his engagement in digital assets. Telegram's platform facilitated rapid and straightforward participation for users, contributing to the instant sales.

The collection featured unique artifacts such as vintage cars, exclusive 'swag bags', a digital dog, and items related to cannabis culture.

Telegram as a Platform for Mass NFT Sales

Telegram has proven to be an ideal platform for the NFT drop due to its massive global user base. The advantage of Telegram lies in its ability to simplify the sales process and user participation, eliminating the need for complicated crypto wallets and blockchain transactions. This makes NFTs more accessible to the general public.

This event can serve as a template for future digital asset distributions, demonstrating that everyday applications can be effective channels for the spread of crypto collectibles.

TON Blockchain: Supporting the Next Wave of Crypto Collectibles

The success of this NFT drop was supported by the **TON** (The Open Network) blockchain, which was developed for fast and scalable transaction processing, making it ideal for high-volume operations like a mass NFT sale. The primary transactions and secondary sales on the TON blockchain will commence in 21 days, ensuring network stability and managing demand.

TON provides rapid execution and low fees, crucial for attracting a broad user base and validating its architecture's effectiveness for NFTs.

Snoop Dogg's record NFT drop on Telegram highlights the importance of cultural and technological interactions in creating unique digital assets. The $12 million raised in such a short time demonstrates not only the success of the event but also the growing interest in NFTs worldwide.

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