On June 20, licensed trademark attorney Michael Kondoudis announced the app in a tweet, noting that it will cover things like;
Virtual goods may be purchased and downloaded, such as virtual cannabis products for use in online virtual environments.
Virtual goods include virtual items such as digital collectibles, downloadable virtual cannabis products, virtual cannabis, and smoking goods, virtual clothing and apparel, and digital files with images, audio, or video. All of these are authenticated by non-fungible tokens (NFTs).
Entertainment services, namely, providing online, non-downloadable virtual cannabis products;
Virtual clothing and apparel for entertainment purposes;
Retail store services and online retail store services featuring virtual goods;
The musician will also be able to sell smoking items, pre-rolled hemp cigarettes, and energy drinks that are NFT tokens linked to digital or physical products if the application is accepted.
Snoop’s growing involvement with NFT
Snoop Dogg has been one of the celebrities who have embraced the notion of NFTs and Metaverse since its inception, collaborating with numerous creators.
Musicians may earn money in several ways thanks to NFTs, including selling their music separately from streaming services. Blockchain technology allows artists to set their pricing and collect royalties while maintaining contact with their devoted fan base.
The metaverse space is also attracting the attention of sports celebrities, aside from musicians. Feinbold previously stated that NBA star Kevin Durant of the Brooklyn Nets had joined the NFT sector.
Durant developed 26 NFT and Metaverse applications, all intended to allow consumers to acquire downloadable and unique NFT, NFT-backed media, and trade on NFT and crypto markets.
Regardless of personalities, major worldwide companies are also utilizing the NFT sector to engage with consumers. For example, the English Premier League (EPL), one of the most viewed sports leagues in the world, has an application pending that would enable it to provide digital tokens, digital collectibles, and digital trading cards.