Značka: Snoop Dogg

Eminem and Snoop Dogg to perform Bored Apes track at MTV music awards

NFT friendly rap icons Eminem and Snoop Dogg will be performing at MTV’s Video Music Awards (VMAs) together on Sunday, in a performance inspired by the Otherside metaverse and Bored Ape Yacht Club (BAYC) NFTs.The Otherside is a collaboration project between Yuga Labs’ BAYC and NFT investment and gaming giant Animoca Brands.Partnering with Otherside creator Yuga Labs, the global rap icons will be giving some major mainstream exposure to Otherside by transforming the VMAs stage into its style for their latest collaborative single ‘From the D 2 the LBC’. Specific details of the performance are sparse at this stage however. In what appears to be a signal to the music industry that Metaverse performances deserve more recognition, the VMAs have also added a ‘Best Metaverse Performance’ category to its annual awards. Nominees for the award include Justin Bieber, Rift Tour (featuring Ariana Grande), and Twenty One Pilots.From the D to the LBC… to Jersey @vmas here we come @Eminem @MTV @OthersideMeta pic.twitter.com/XLwcdOeIJN— Snoop Dogg (@SnoopDogg) August 25, 2022The VMAs may be hoping that in embracing the Metaverse they will be able to reinflate their flagging viewership numbers. After peaking at 12.4 million viewers in 2011, the awards have seen a steady decline in viewers, with the 900,000 that tuned in live to watch the awards on MTV representing the 8th year in a row that viewership has decreased.The single marks the first collaboration between the two artists in 20 years, with the duo up for the “Best Hip Hop” award. Both Eminen and Snoop dogg are hodlers of BAYC NFTs, and the song’s music video heavily features content from the NFT collection. Snoop Dogg has also recently featured in an EDM single called BAYC by Esther Anaya, in an animated video of Bored Apes and other NFTs.Eminem had purchased a hip hop clothed Bored Ape on Dec. 31 for 123.45 ETH, and also has a collection of 28 other NFTs under the name Shady_Holdings. Snoop Dog is a much more avid participant within the NFT space, with a partnership between him and The Sandbox leading to ‘The Doggies’ collection of NFTs and buying a Bored Ape on Dec. 22.The Otherside and its VoyagersThe Otherside is a gamified interoperable Metaverse currently in beta development. The platform offers Otherdeed NFTs to represent digital ownership of land plots in the BAYC affiliated virtual world, with Otherdeed owners being referred to as ‘Voyagers’.According to the litepaper, “Otherside will support interoperability in the future, giving Voyagers a chance to bring their own outside collections and NFTs to life within our metaverse.”Related: Yuga Labs ‘inappropriately induced’ BAYC investors: Class actionAccording to data from CryptoSlam, sales of Otherdeed NFTs have topped $1 billion to date, with $23.5 million of volume coming over the past 30 days. Demand is also quite high for the top tier NFTs in the collection, with one plot having sold for as much as 333.33 ETH (currently valued at $565,289) four months ago. The Otherside allowed users into its metaverse for the first time on Jul. 16, with 4500 users able to jump in and experience the virtual world. Only Voyagers and selected third-party developers were able to participate, and the trip seems to have been a great success based on tweets from its supporters.Reminiscing over the incredible @OthersideMeta First Trip experience #Otherside pic.twitter.com/yJA17vqgkH— chicken-nugget.eth (@CHICCEN_NUGGET) July 17, 2022

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Nifty news: Sandbox LAND on Polygon, ETH gain a tax loss and more…

Popular Ethereum-based Metaverse gaming platform The Sandbox has unveiled a bridge that enables users to transfer their virtual NFT LAND and native SAND tokens over to Layer-2 network Polygon (MATIC). While The Sandbox will live on Ethereum for the most part, the platform has emphasized that conducting SAND and LAND transactions on Polygon will result in lower gas fees, faster transaction speeds and greener interactions on the blockchain. The firm stated via Twitter on June 29 that it is now ready to start deploying LAND on Polygon, and users will be able to receive a 10 mSAND cashback worth roughly ($10.60) on LAND ported over to the Layer 2. We are ready to deploy LAND to @0xPolygon Each LAND bridged grants a 10 mSAND cashback!LAND multipliers on both mSAND staking programs are back!LAND sales and LAND staking features (on Polygon) are coming soon!BRIDGE NOW ➡️ https://t.co/jlcSKxuBWh pic.twitter.com/1tuAAsqEZP— The Sandbox (@TheSandboxGame) June 28, 2022mSAND is the new ticker for SAND tokens based on Polygon, and has identical pricing to Ethereum-based SAND. As part of the bridge going live, The Sandbox will soon roll out two staking programs for LAND and mSAND, and a new drop of LAND sales on Polygon. The bridge to Polygon and the new staking programs have been in the works since December 2021, and the firm stated in a blog post that “300,000 mSAND will be injected” into the mSand/MATIC staking pool weekly, plus a bonus 200,000 mSAND for the first four weeks to incentivize early adoption. The specific percentage of staking rewards has not been detailed yet however. According to data from CoinGecko, SAND is up 12.9% over the past seven days to sit at $1.06 at the time of writing. However, the Polygon-related announcement doesn’t appear to have had an impact on the price, as SAND is down 2.4% over the past 24 hours. Stack ETH for your tax loss needs Ryan Carson, the founder of NFT venture fund 121G has pulled off a “master class” by selling Moonbird NFT #6969 for $52,000 loss according to NFT trader OxQuit, as it represented a major 74.2 ETH gain while representing a tax write-off at the same time.Carson, the former COO of the Moonbirds project, initially purchased the NFT for 69.49 ETH on April 16 when it was worth $212,000. On June 29, Carson sold the NFT for 143.69 ETH, worth roughly $160,000. Tweeting to their 54,900 followers on June 30, OxQuit, who appears to own a Bored Ape Yacht Club NFT, labeled the move as a “master class in how to stack ETH while also booking a tax loss.”Not everyone agreed however, with self-described NFT degen HollanderAdam commenting: “Or he could have just not bought the bird. Waited and bought 143 ETH today for $160k. And then had an extra $52k in his account.”As it stands, Carson would need to see a 32.5% ETH price increase for his ETH hodling strategy to see him back in the green, although he’d still be on the hook for capital gains tax if he were to sell.Pixels.com launches NFT merch supportOn June 29, Print-on-demand marketplace giant Pixels.com launched a new NFT service that enables owners to copy and paste their wallet address and promptly transform their tokenized artwork into merch. The service is built for hodlers of Ethereum-based NFTs and it works by enabling Pixels to retrieve the NFT artwork and then generate “3D, photorealistic previews of each available product” on the website. Pixels offers customizable products ranging from t-shirts to canvas prints and stationery. Print-on-demand companies are a handy tool for artists and content creators as it enables them to outsource the entire merch manufacturing and shipping process.BAYC framed print: Pixels.comSnoop Dogg says crypto winter is ‘great’Iconic rapper and avid NFT collector Snoop Dogg has expressed thankfulness over the current crypto winter, as it is washing out bad players in the space and will result in “great things” moving forward. Speaking with CNBC during NFT.NYC last week, Snoop stated that the current bear market has “weeded out all the people who weren’t supposed to be in the space and who were abusing the opportunities that were there.”Related: Bear market will last until crypto apps are actually useful: Mark CubanThe rapper went on to suggest that most of the projects and companies that survive the carnage will mostly be offering good products:“Now it’s going to bring on great business, and moving forward, when the market comes back, there will only be great things to pick and choose from.”Other Nifty NewsBlockchain analytics firm Flipside Crypto has launched an online Software Development Kit (SDK) called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull “comprehensive” blockchain data via software. Catalonian director-general of innovation Daniel Marco has revealed that the government is working towards building a Catalonian metaverse called the Cataverse.

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Nifty News: David Beckham’s DigitalBits, CoinSpot’s NFT marketplace, and more

Iconic former English Premier League footballer, David Beckham, has become a global brand ambassador for the DigitalBits blockchain, launching his own range of NFTs in the process.Beckham will release a series of NFTs and “other Blockchain-based digital assets” according to the brand ambassador announcement, with minting taking place on the DigitalBits blockchain.Excited to announce #DavidBeckham has become a Global Ambassador for #DigitalBits!Get ready to explore the world of #Blockchain, #NFTs and #Metaverse with Beckham.More details https://t.co/yafO7W2OuLThread pic.twitter.com/n54BMeDsnE— DigitalBits (XDB) (@DigitalBitsOrg) March 24, 2022Beckham said the NFT collections were an “opportunity to create new experiences for my fans online.” According to DigitalBits, Beckham has a following of over 138 million, with an annual impression rate that surpasses nine billion across Instagram, Facebook, and China based social media platforms, Weibo and Douyin.Crypto companies, in particular crypto exchanges, are ramping up partnerships with sporting teams and icons in a marketing effort to target mainstream consumers.CoinSpot launches NFT marketplaceAustralian based crypto exchange CoinSpot announced the launch of its new in-app NFT marketplace, allowing users to purchase digital art using a selection of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and others.CoinSpot said initially it will list only a selection of NFTs, including those from the Bored Ape Yacht Club, with more collections to be added over the next few months.Gary Howells, Chief Product Officer at CoinSpot said its marketplace was created to simplify the process of buying an NFT, and make the transaction more affordable with lower fees in comparison to using other marketplaces.Snoop and Wiz drop music for ApeCoin holdersAmerican rap artists Snoop Dogg and Wiz Khalifa have released a special project consisting of eight tracks sold as NFTs featuring a theme tune for the Bored Ape Yacht Club. Smoke a Bored 8th . Droppn a special project $APE COIN only @wizkhalifa @BoredApeYC ▶️ https://t.co/8JXyIRN3Pm pic.twitter.com/yh8DFrEdj1— Snoop Dogg (@SnoopDogg) March 24, 2022

The collection, titled “Ape Drops 03 : An 8th” can be minted through Manifold, with each track available for purchase exclusively using ApeCoin (APE) with prices ranging from 12 to 15 APE, ($155 to $195).Snoop Dogg and Wiz Khalifa both own Bored Ape NFTs, setting them as their profile pictures on Twitter. Snoop has been active in the crypto space and recently released 10,000 playable avatars and a “SnoopVerse” in partnership with the SandBox metaverse.Liverpool FC partner with Sotheby’sEnglish Premier League football team Liverpool FC, announced its debut NFT collection in partnership with New York based auction house Sotheby’s.They have arrived.Welcome to the world of LFC Heroes Club pic.twitter.com/T6H3uI9bQL— LFC Heroes Club ⚽ (@LFCHeroesClub) March 24, 2022

The collection features two series, each with 24 artwork NFTs, each one featuring a player on the team. The “Legendary” collection will be open for auction and sold to the highest bidder, and the “Hero” collection sold at a more accessible price of $75.Other Nifty News:The US Department of Justice has arrested founders Ethan Nguyen and Andre Llacuna on wire fraud and money laundering charges for allegedly carrying out an NFT rug pull with the Frosties NFT project. If found guilty on both charges, the pair face up to 40 years in prison.One of Vanuatu’s island is being built as the new capital for crypto, dubbed “Satoshi Island”, the project is selling plots of land and “citizenship” to the island as NFTs and say the entire economy will run on cryptocurrencies and blockchain technology.

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The Sandbox Metaverse hits 2M users, begins K-Pop partnership

The Sandbox metaverse game owned by NFT investment giant Animoca Brands has surpassed 2 million registered users amid its play-to-earn season 2 alpha launch. The crypto game backed by NFTs and its native SAND token has been in the works for roughly four years, and the latest preview into the game comes just a couple of months after its long-awaited season 1 alpha launch in late November. Season 2 officially went live earlier today and any user is able to freely explore 35 different virtual experiences including a sneak peek of the “Snoopverse” in partnership with popular rapper and new-found NFT proponent Snoop Dogg. There are 200 quests that players can complete to earn a chance of getting an Alpha Pass NFT, which will reward the owners up to 1,000 SAND worth roughly $3,000 at current prices. Looking real. The Sandbox metaverse hits 2M users and launches Alpha Season 2 @GamesBeat https://t.co/WxjdYJxkI8 via @VentureBeat— Dean Takahashi (@deantak) March 3, 2022The Sandbox is aiming to roll out the project in phased stages moving forward, and according to the platform’s roadmap for 2022, a DAO that will give voting powers to SAND, virtual land, and avatars holders will be launched next quarter.A key factor behind The Sandbox already having a strong user base in its alpha, maybe due to the firm’s long list of partnerships with mainstream names such as Warner Music, The Walking Dead, Snoop Dogg, and Deadmau5 to name a few. ✨ Alpha Season 2 is now LIVE!Jump in NOW! ️ https://t.co/9wU0iYWhnfExperiences open:Alpha Lobby The Portal Hub Club XYZ (ft. @blond_ish) #SandboxAlphaS2 #Play2Earn pic.twitter.com/UXg6O5DNll— The Sandbox (@TheSandboxGame) March 3, 2022

It appears that anticipation for the season 2 alpha launch hasn’t impacted and surging price action as yet, with the price of SAND down 5% over the past 24 hours to trade at $3.05. While it is also down more than 24% over the past 30 days and around 64% down from its all-time high from three months ago.Related: The Sandbox announces $50M fund for its startup accelerator programIn terms of NFTs, the floor price of The Sandbox’s virtual land plots are also down 8% over the past week to sit at 2.97 Ether (ETH) worth roughly $8,100 at the time of writing. On March 2, The Sandbox also announced a partnership with Cube Entertainment to develop tokenized assets for the game featuring Korean culture such as K-Pop. “Cube is truly embracing the spirit of the open Metaverse by moving one step further into The Sandbox via its K-culture hub, where it is actively curating local brands and partners of their main K-POP label and offering them presence into The Sandbox through its own lands” said The Sandbox COO and Co-Founder Sebastien Borget as part of the announcement.

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Nifty News: Snoop Dogg and Gary V have $95M in NFTs, Dolly Parton’s Dollyverse and more…

According to data from DappRadar, the NFT portfolios belonging to Iconic rapper Snoop Dogg and popular entrepreneur Gary Vaynerchuck are worth a combined $95 million. Vaynerchuck’s wallet holds the lion’s share of the value with $81.89 million at the time of writing. His holdings include multiple NFTs from top collections such as CryptoPunks (he owns a whopping 60 in total), the Bored Ape Yacht Club and World of Women. Snoop Dogg’s is an avid NFT collector and his wallet also holds multiple CryptoPunks, Meebits and Fidenza NFTs, with his most expensive NFT CryptoPunk #3831 worth $2.57 million at current prices. The wallets were highlighted as part of a blog post from DappRadar which compiled a list of the top 10 most valuable celebrity NFT portfolios. Other notable figures included Reddit co-founder Alexis Ohanian at $4.9 million, YouTuber and self-proclaimed future U.S. presidential candidate Logan Paul at $4.36 million. Snoop Dogg’s presence on the list is no surprise, having launched various NFT projects, snapped up virtual property in the Metaverse, and he partnered with The Sandbox in late January to launch “Snoop avatars.”Vaynerchuck is also highly active in the scene, launching his own project called “Veefriends” which has generated more than $132,000 worth of secondary sales since launch in May 2021. Top 5 celebrity NFT portfolios as of March 1: DappRadarMore NFT pushback Popular K-pop idol Sunmi (also known as Miyane) has received pushback from fans in relation to NFT collectibles that she and her agency the Abyss Company launched last week. The “Sunmiya Club” project was launched on Feb. 23 and consists of 10,000 computer generated NFTs depicting various cartoon Sunmi avatars. However some of her fans slammed the artist for just wanting to make some “quick cash for her company”.On Monday Sunmi shared a statement from Abyss Company regarding the backlash, although the firm simply reiterated its long term stance on the project and did not appear to address any of the concerns from fans, noting that “we kindly ask for your continuous love and support in our artist’s future performances.” Fans were quick to take issue the statement, with Twitter user “cruelrush” also raising environmental concerns over NFTs, while other fans threatened to boycott the K-pop Idol: “We’d love to actively support Sunmi but not at the expense of our environment. NFTs are bad. We want to support and interact with Sunmi by buying her albums and songs. By going to her shows. We would’ve loved more online concerts to support her,” they wrote. just a bunch of lies, NFTs are NOT needed to further support an artist. Sunmi already has a lot of fans who genuinely enjoy her music and personality. NOBODY asked or wanted this, Abyss is just being greedy https://t.co/cZKi4T6iBt— Quarantine Lil(SAINTS ROW ERA) BLM ✊ (@lil_drawsart) February 28, 2022With friends like these.Despite being a touchy subject amongst the gaming community, Valve CEO Gabe Newell has praised NFTs and discussed the potential benefits of integrating the tech with triple A gaming. His firm owns digital gaming distribution giant Steam, and in an interview with Rock Paper Shotgun Newell was quick to draw a line in the sand between NFT technology and the people currently using it. He noted that underlying features such as distributed ledgers, the idea of digital ownership, and shared universes are “all pretty reasonable” and shouldn’t be overlooked: “You have to separate the underlying technology versus which actors are utilizing that technology. It’s like if you’re a chemist, and you’re looking at nitrocellulose, you’re like ‘Oh, yeah, we can do some really interesting stuff with that’.”“The people in the space, though, tend to be involved in a lot of criminal activity and a lot of sketchy behaviors. So it’s much more about the actors than it is about the underlying technology or the rationale for what we’re doing,” he added. Thanks for the “support” Newell, appreciate it.Related: FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFADolly Parton launches DollyverseRenowned country music icon Dolly Parton is launching an NFT collection and marketplace dubbed the “Dollyverse.”While the name implies something related to virtual reality and the Metaverse, Parton’s project essentially consists of tokenized art work and music as part of a promo for her upcoming album “Run, Rose, Run.”The album is also accompanied by a book bearing the same name as the album which was co-authored by James Patterson, a best selling author with titles such as Alex Cross, Michael Bennett and the Women’s Murder Club. The Dollyverse platform was developed by Eluvio and it will host the NFT sales along with a live streamed musical performance on March 18 featuring Parton and songs from the new album. The NFTs will be up for sale during and after the live performance, and users who watch the performance will also receive free NFTs that authenticate their attendance at such a landmark event. Other Nifty NewsEarly users of the $70 million Pixelmon NFT collection were left unsatisfied with their hefty 3 Ether mint after they discovered the artwork depicted in the tokens were subpar and poorly designed. Celebrity metaverse platform Gemie has raised $3.8 million to fund partnerships and fill its NFT marketplace with more collections.

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2 key indicators cast doubt on the strength of the current crypto market recovery

Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data is heavily impacted by the top 5 coins, which happen to include two stablecoins.Excluding Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) and stablecoins reflects a 9.3% market capitalization increase to $418 billion from $382 billion on Feb 4. This explains why so many of the top-80 altcoins hiked 25% or more while very few presented a negative performance.Winners and losers among the top-80 coins. Source: NomicsGala Games (GALA) announced on Feb. 9 a partnership with world renowned hip-hop star Snoop Dogg to launch his new album and exclusive non-fungible token (NFT) campaign. Gala Games also has plans to support additional content like access to films, comics, and more in the future.Theta Network (THETA), a decentralized video sharing platform, was fueled by a Theta Labs funding grant to Replay, a Web3 content payment and tracking protocol for content owners. According to the release, Replay’s end-to-end solution will allow Theta users to be fairly rewarded for their contributions. XRP also rallied after Ripple got permission for a ‘fair notice defense’ to the U.S. Securities and Exchange Commission (SEC). The decision refers to the ongoing court case in which the SEC claimed that Ripple sold XRP as illegal securities.On the other hand, the worst performers included decentralized storage protocols Arweave (AR) and Dfinity (ICP). Meanwhile, Cosmos (ATOM) saw the total value locked in the CosmosHub smart contract drop by 82% to $1.2 million. Lastly, Solana (SOL) continued to reflect the negative sentiment directly connected to the Wormhole token bridge smart contract that was exploited on Feb. 2. The $321 million wrapped Ethereum hack was the largest loss so far in 2022.Tether premium reflects low retail demandThe OKEx Tether (USDT) premium measures the difference between China-based peer-to-peer (P2P) trades and the official U.S. dollar currency. Excessive cryptocurrency retail demand tends to pressure the indicator above fair value, or 100%. On the other hand, bearish markets likely flood Tether’s market offer, causing a 4% or higher discount.Tether (USDT) peer-to-peer vs. USD/CNY. Source: OKXCurrently, the metric has a 99.5% reading, which is neutral, but the gap has been closing over the past 6 weeks. This signals that retail demand is picking up and is a positive reading considering that the total cryptocurrency capitalization remains 35% below the $3 trillion all-time high.Futures markets confirm the lack of “euphoria”Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. Those measures are established to avoid exchange risk imbalances. A positive funding rate indicates that longs (buyers) demand more leverage. However, the opposite situation occurs when shorts (sellers) require additional leverage, and this causes the funding rate to turn negative.Perpetual futures 8-hour funding rate on Feb. 11. Source: CoinglassAs depicted above, the eight-hour fee is either zero or slightly negative in most cases. This data indicates a balanced leverage demand from longs (buyers) and shorts (sellers). Had there been a relevant risk appetite from either side, the rate would be above 0.05%, equivalent to 1% per week.Perpetual futures are retail traders’ preferred derivatives because its price tends to track the regular spot markets. The Tether premium and the funding rate are neutral-to-bearish despite the 4% weekly gain, but one should factor in that cryptocurrencies have recently faced a 50% drawdown, meaning these indicators are somewhat skewed.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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The Sandbox (SAND) metaverse token gains 40% after Snoop Dogg, Warner Music partnership

Sandbox (SAND) refused to go down despite broader negative market sentiment in the past 24 hours. Instead, the altcoin logged a breakaway recovery as traders assessed its recent high-profile partnerships as a sign that the project has strong fundamentals.SAND rose 10.23% to $3.38 at the UTC close on Jan.27, followed by another 5.42% spike to $3.57 on Friday. In contrast, Bitcoin (BTC), dropped 1.41% within the same timeframe.SAND/USD daily price chart. Source: TradingViewSAND adoption boomsTraders decided to increase their exposure to SAND after the Sandbox announced partnerships with American rapper Snoop Dogg and Warner Music, a major record label.On Jan. 27 Snoop Dogg tweeted a teaser of what appeared to be his upcoming nonfungible token (NFT) collection, dubbed “the Snoop Avatars.” The rapper further hinted that his avatars would come as a part of the Sandbox metaverse.Somethin big comin soon. ⬇️ Keep up 2 date @TheSnoopAvatars @TheSandboxGame https://t.co/GkqdAJE10L— Snoop Dogg (@SnoopDogg) January 26, 2022Later, that day, the Sandbox announced that it would create a music theme park and concert venue within its metaverse with the help of Warner Music. In doing so, the gaming project noted that the Warner Music artists would virtually engage with their fans and generate real revenues streams.“We’re shaping The Sandbox as a fun entertainment destination where creators, fans, and players can enjoy first-of-a-kind immersive experiences and be more closely connected to their favorite musical artists through NFTs,” Sebastien Borget, chief operations officer and co-founder of The Sandbox, told Cointelegraph.Naturally, the high-profile partnerships boosted the prospects for SAND to find more takers in the future. That is primarily because of the token’s role as a primary asset inside the Sandbox metaverse — a medium of exchange, governance and staking. As a result, it fared better than most of its top-ranking crypto rivals on Thursday.What’s next for SAND?The latest bout of buying appeared in line with a choppy recovery in the broader cryptocurrency sector that started on Jan. 24.Between its nadir of Jan. 22 and Friday’s top, the crypto market added over $150 billion to its net valuation. SAND, which recovered alongside other assets, bottomed out at $2.56 then went on to rally over 40% in just four days.SAND/USD daily price chart. Source: TradingViewFollowing the bounce, SAND price confirmed its 200-day exponential moving average (200-day EMA; the blue wave in the chart above) as its interim support. If the euphoria surrounding the Snoop Dogg and Warner Music partnerships sustain, Sand will likely extend its upside momentum toward the 50-day EMA (the red wave) near $4.50.Meanwhile, independent market analyst Cantering Clark doubted the upside setup, reminding that SAND’s pump could have posed a “helpful exit for holders” before a potential bearish continuation ahead.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Buy high, sell high: Custom pipe-maker to Snoop Dogg and Santana tokenizes bongs

Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a series of bong-related NFTs tied to corresponding physical assets early next month.The NFTs, on FDCTech’s Ethereum-based platform, depict the unique glassblowing process for each bong and come with additional unique benefits. They are due to drop on Super Bowl Sunday (Feb. 13) and the corresponding physical bongs will be auctioned off at Superchief Gallery. Jerome Baker Designs Founder and President Jason Harris is considered to be one of the top ten glassblowers in the world, according to smoking products marketplace SLX.He founded the business in the early 1990s and has built custom-made pieces for celebrities such as Snoop Dogg, George Clooney, Grateful Dead, Santana and Rita Marley.He told Cointelegraph he is excited to step into the world of crypto-driven digital art. “As an artist, we need a certificate of authenticity to connect to the art. NFTs act as a certificate of authenticity and create value and legacy.”According to Harris, while other forms of art like sculptures can be bronzed and paintings replicated or copied, glassblowing is a one-time effort that cannot be replicated. “You will have a documented experience of the creation of that artwork and in that lay the magic. It’s like buying a pair of Jordans. If you ever want to sell them, you might need the packaging in perfect condition. The NFT acts as a certificate of authentication and the artwork acts as the package.” An early concept behind the NFT collection: Jerome Baker DesignsHarris said the five bong NFTs to launch on Super Bowl Sunday will be in line with his Burnt Orange collection, a collection of translucent bright orange glass bongs. Those who own a bong NFT will receive real world benefits such as glassblowing classes and a visit to the Las Vegas Dream Factory (Jerome Baker Designs Headquarters). Related: PayPal reportedly confirms plans to explore the launch of a stablecoinThis is not Jerome Baker Designs first foray into blockchain and the studio has been accepting Bitcoin since 2012. Harris believes that the global population will soon jump on the bandwagon and accept the crypto asset for payments. The company plans on accepting Ethereum payments shortly.

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