Watch Snoop Dogg go all-in on crypto and the ‘metaverse’ in his new music video
Snoop Dogg’s latest music video is a detailed love letter to the emerging world of Web3 technology, which includes cryptocurrency, NFTs, and virtual worlds dubbed “metaverses.”
The music icon and entrepreneur starts the video for “House I Built,” from his latest album, with a phone call to a man he refers to as Nick. He’s got a question about the value of his stake in a particular cryptocurrency.
Snoop Dogg isn’t new to the world of Web3: He previously released NFTs of his own, and has claimed to be a notorious NFT kingpin named Cozomo Medici. After purchasing the rights to his former label, Death Row Records, he relaunched the company with a focus on Web3 concepts.
StockX says Nike shows “fundamental misunderstanding” of NFTs in lawsuit
In a response to a February lawsuit from Nike, the sneaker reseller stated that its Vault NFTs, which include imagery of Nike shoes, are no different than other marketplaces who use images to sell physical sneakers.
Nike’s lawsuit claimed that StockX “was blatantly freeriding” on Nike’s trademarks with branded NFTs that consumers might assume are valuable assets authorised by Nike. It said in the filing that StockX “has chosen to compete in the NFT market not by taking the time to develop its own intellectual property rights, but rather by blatantly freeriding, almost exclusively, on the back of Nike’s famous trademarks and associated goodwill”, and notes that this is without authorisation or approval.