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Author Topic: Snoop Dogg: Crypto Bear Market ‘Weeded Out’ Those ‘Abusing the Opportunities’  (Read 173 times)

Triedboy

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He also said record labels soon will realize their IP is “better served on the blockchain than sitting in the catalog collecting cobwebs.”When it comes to music, Snoop believes the big record labels will inevitably get into Web3 and NFTs because “all of them” have asked him for advice. And Snoop’s probably right—Warner Music Group, Universal, and Sony Music have explored NFTs, which are unique blockchain tokens that signify ownership of a digital or physical asset.

“Sooner or later the labels are gonna have to come on in,” said Snoop, who acquired Death Row Records earlier this year and has already released NFTs through the label. “They gonna have to sit at the table and understand that, you know, their catalogs and things that they hold onto are better served on the blockchain than sitting in the catalog collecting cobwebs.more
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