The non-fungible token (NFT) collection of American rapper Snoop Dogg has launched on the Cardano ($ADA) network. The collection, announced earlier this month, features “iconic collectibles,” “limited edition ‘pitches’” and unreleased music.
According to a tweet shared by Clay Nation – an NFT project the rapper is collaborating with – the project has now been launched.
Clay Nation itself offers “a collection of 10,000 digital characters with algorithmically assembled, handcrafted clay traits.” The original collection is sold out, although some Clay Nation NFTs are now traded on secondary marketplaces. The NFT collection has in the past collaborated with Good Charlotte, an American rock bank.
Snoop Dogg’s Cardano-based NFTs are being released shortly after the cryptocurrency network hit a new milestone. According to Morgan Schofield, Head of Ecosystem Growth at Cardano, the network has now issued more than 4 million native tokens on top of it across nearly 50,000 minting policies. In effect, over 4 million non-fungible tokens and non-ADA tokens are now circulating on Cardano.
The NFTs are also being released after Cardano founder Charles Hoskinson met with Snoop Dogg in an “epic Twitter space” where music, NFTs, cryptoassets, and more were discussed.
To get their hands on one of the NFTs, users must register with Clay Nation. At the time of writing, the platform’s registration link led to a page that is seemingly unavailable.
The launch does not seem to have influenced Cardano’s price, which is down over 10% in the last 24-hour period amid a wider cryptocurrency market downturn. ADA is currently trading at $0.93, down from a recent high near $1.2.
DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
IMAGE CREDIT
Featured image via Unsplash
