Snoop Dogg’s “House I Built” and his Death Row label could be the start of a new industry trend, one where artists offer their works as NFTs in the metaverse.
Melania Trump is not trying to compete directly with Snoop Dogg in any metaverse, but her latest NFT, “The MetaRose” one-ups him in the real world of children’s social needs.
Trump is offering 3,000 MetaRose NFTs, minted on the Solana blockchain, at a price of $150 each, with proceeds going to tech education scholarships for foster children.
According to Trump and Representative Jackie Walorski (R-Ind.), “We must work together to build a framework for long-term economic stability and success—including for older foster youth and those aging out of the foster care system.”
Trump’s NFT portrays hundreds of blue diamonds converging into a living flower, based on photos she took herself, according to her website.
Snoop Dog appears to be on his own mission, claiming “Death Row will be an NFT label,”and the first major label in the metaverse.
Describing how fans will be able to buy NFTs of his work, Snoop Dogg says, “Now you actually own a piece of Snoop Dogg’s legacy as opposed to, I have a copy of his CD that I lost. … Now you actually own something that’s actually yours that you can profit off of.”
Snoop Dogg’s metaverse aspirations don’t single out at-risk foster children, but given his popularity and industry clout, they could have an outsize impact on both the music industry and mass adoption of crypto assets as an emerging digital asset model.
Even so, we applaud Melania Trump for her creativity and her efforts, and for taking a position that counters the skeptical cryptocurrency beliefs of her more famous husband.