Cannabis
Digital Cannabis? Rapper Snoop Dogg Plans to Create an Online Cultivation Farm
Snoop Dogg will invest in a digital cannabis farm. The singer’s new business is not his first, Snoop has other investments in the cryptocurrency market (NFTs), making him one of the artists with the most digital assets today. The rapper recently released about 10,000 playable avatars for use in the metaverse via Sandbox, a video game for iOS and Android that was first released on May 15th, 2012.
With the technological revolution, many markets such as crypto have emerged. With this in mind, singer Snoop Dog, who is always involved with cannabis applications, could not stay out of this opportunity. Therefore, the rapper plans to invest in a digital farm from Weed Farm, a brand that hosts tokens (NFTs) in “digital farms” based on cannabis crops.
The musician, who is also known for his superior appreciation of the plant, has been “dating” the market for some time. His son, Champ Medici, who is already active in this sector, is convincing his father to invest in the metaverse, used to indicate a type of virtual world that tries to replicate reality through digital devices.
The idea is to transform a digital universe, that is, a metaverse, into a place for buying and selling cannabis. But how is this possible? Let us explain:
Through a game called MOBLAND, which is nothing more than an online ecosystem where players act as if they were members of the mafia. The rapper intends to build his crops to foster the online trade of cannabis within the platform. The idea is to launch the first crops in the digital world in the coming months.
You can find more information about the cannabis industry and other important news in the cannabis sector in the Hemp.im app. This app collects the latest marijuana news among cannabis sectors that investors operate in. Hemp.im provides the latest news about the CBD and hemp sector, which is predicted to be worth more than $14.67 billion by 2026. The situation is beginning to change and investors and businesses alike are keeping a close eye on the cannabis market
Snoop’s other crypto ventures
The singer’s new business is not his first, Snoop has other investments in the cryptocurrency market (NFTs), making him one of the artists with the most digital assets today. The rapper recently released about 10,000 playable avatars for use in the metaverse via Sandbox, a video game for iOS and Android that was first released on May 15th, 2012.
Other artists have also embarked on this “new wave.” According to information from the Beincrypto website, names like that of Mike Winkelmann, known as Beeple, are gaining prominence in this scenario. The digital artist managed to sell one of his creations for $69 million (undoubtedly one of the highest amounts ever paid for a work, physical or digital).
We still do not know if this market will remain heated for a long time, however, what we can say is that for now the eyes of many investors are turning to this sector, which, as far as we can see, also has open arms for cannabis, even in its digital form.
__
(Featured image by Bob Bekian CC BY-ND 2.0 via Flickr)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Sechat, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Crypto2 weeks ago
Robinhood’s Vlad Tenev Drops RWA Bombshell. Oxbridge Re Could 100x by Next Year
-
Crowdfunding4 days ago
Foreign Investments in Italian Real Estate Are Growing and Crowdfunding is Carving Out a Role for Itself
-
Fintech1 week ago
FINRA Slowly Opens Up to Cryptocurrencies Despite Resistance from Major Banks
-
Crowdfunding2 days ago
Macelleria Zivieri Raises Over 4 Million with Equity Crowdfunding on Mamacrowd