n recent years, Snoop Dogg has emerged as a prominent advocate for NFTs, expressing dissatisfaction with the conventional streaming model.
In 2022, after gaining control of the Deаth Row Records catalog, he withdrew a significant portion from streaming platforms until earlier this year. Notably, he aimed to transform Deаth Row into an “NFT record label,” with his supergroup Mount Westmore releasing their debut album as an NFT on Gala Music.
In a recent interview on the podcast Business Untitled, Snoop revealed the catalyst behind his interest in NFTs: a mere $45,000 earnings from one billiоn Spotify streams.
Snoop expressed frustration about others exploiting his likeness and nаme for product endorsements, but he found a solution in NFTs. Embracing this technology provided transparency, allowing artists to directly earn income without the 30 percent cut taken by platforms like Apple.
Snoop emphasized the lack of transparency in the music and film industries and highlighted the potential for blockchain technology to reshape the distribution of earnings.
Unlike traditional platforms, NFTs enable direct payments from purchases to artists, eliminating delays and reducing administrative costs. While acknowledging the disruptive NFT craze, Snoop underscored the technology’s original promise, providing artists an alternative to low-paying streaming services like Spotify.
Despite potential skepticism about the specific $45,000 claim, Snoop’s broader point addresses the ongoing issue of streaming platforms, such as Spotify, facing criticism for their meager payouts to artists. Snoop’s experience, rooted in his pre-streaming era popularity, hints at the challenges artists face in navigating the intricate major label system. Regardless, Snoop’s exploration of NFTs signifies a strategic move to revitalize his revenue streams and adapt to evolving paradigms in the music industry.
News
Jaden Smith EXPOSES How He Was Sold To Diddy ! (VIDEO)
In a bombshell revelation, Jaden Smith has come forward with a shocking claim that has sent shockwaves through the entertainment industry. In a recent video that has gone viral, Jaden alleges that he was sold to music mogul Diddy. This…
Beyoncé Finally CATCHES Jay-Z’s FREAK-OFFS With Diddy!
In a shocking turn of events, Beyoncé has finally caught wind of her husband Jay-Z’s scandalous affairs with none other than music mogul Diddy. This revelation, made public through a video that has quickly gone viral, has sent shockwaves through…
Jennifer Lopez BREAKS the SILENCE about P Diddy FORCEFULLY going intimate with her against her will
In a stunning turn of events, global superstar Jennifer Lopez has broken her silence, revealing a harrowing secret that has haunted her for years. In a recent interview, she courageously shared her experience as a victim of forceful intimate affairs…
Jay Z released a Shocking Video Of The Ritual HisWife Beyonce Perform Every Night
Jay Z and Beyoncé: A Journey of Growth, Transformation, and Mutual Respect Jay Z and Beyoncé have long been considered the epitome of a power couple in the entertainment industry. Their journey together, marked by immense success, personal challenges, and…
Diddy Thrown Out Of Restaurant As Restaurant Guests Calls Him A R@p!st Immediately He Entered
Diddy Thrown Out of Restaurant Amidst Controversy: A Reflection on Discrimination and Public Treatment In a shocking turn of events, celebrity businessman Sean “Diddy” Combs found himself at the center of a public controversy when he was unceremoniously thrown out…
Justin Bieber OPENS UP On Diddy & Clive Davis AB*SING Him..
In a recent and revelatory interview, Justin Bieber has candidly discussed his tumultuous experiences with influential music industry figures Diddy and Clive Davis. This disclosure has left fans and observers alike stunned, shedding light on the darker side of Bieber’s…
End of content
No more pages to load