Snoop Dogg plans to launch NFT on Cardano

The popular rapper, who favors cryptocurrencies, plans to release his own collection on the Cardano blockchain in the near future.

The contractor started dealing with cryptocurrencies last year. Then he entered the NFT market in the Sandbox project, and also released several collections on Ethereum. Now, he plans to create a series of NFT "Claymations" on the Cardano network.

This blockchain gained popularity in the DeFi space after the launch of smart contracts last year. This did not go unnoticed by crypto users. Many big players, like Snoop Dogg, have become interested in creating their own collections on the blockchain.

Together with the rapper, the collection will be released by Clay Nation and NFT artist Champ Medici. The Claymations collection will feature collectibles, unreleased music and other limited edition merchandise.

The collection is produced with the support of the founder of the blockchain network, Charles Hoskinson. He appeared in a commercial created to promote the NFT collection.

The launch of smart contracts has spurred the growth of the Cardano network. The number of blocked funds in the blockchain increased by 25,000%, reaching $300 million. After the recent correction in the cryptocurrency market, this figure dropped to $240 million.

Recently, a 4 million asset was created on the network, and this was widely reported by the creators of the blockchain. According to Hoskinson, this exceeded his wildest predictions.

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