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.
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First published in Sechat, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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