Ethereum is the second-largest cryptocurrency in the world with nearly twice the market capitalization of the next biggest token, USDT. Even though its price is at its lowest point since January of 2021, it’s still becoming more popular. The number of Ethereum wallets is still increasing steadily and just managed to break 200 million. This number doesn’t even include the many investors holding Ethereum on centralized exchanges like Coinbase Global Inc. (NASDAQ: COIN) or Binance.
A large portion of this widening adoption is attributable to celebrities purchasing and discussing Ethereum publicly. Some of the most influential have been Snoop Dogg, Paris Hilton, Jay-Z, Elon Musk, Mark Cuban and Reese Witherspoon.
Snoop Dogg
Calvin Broadus Jr. (AKA Snoop Dogg) is an iconic rapper famous for his near-constant cannabis smoking and gangster rap classics such as “Drop It Like It’s Hot” and his feature on Dr. Dre’s hit, “The Next Episode.” He is also a prolific entrepreneur, investor and businessman with a venture capital fund focused on Cannabis called Casa Verde.
Snoop was one of the first celebrities and first rappers in the NFT space. He released a couple of small NFT collections on the Crypto.com NFT platform last summer. He still seems dedicated to NFTs and has dropped multiple smaller NFT collections since then. These lead up to the launch of his 10k collection of generative Snoop Dogg NFTs ready for the metaverse, The Doggies. We don’t know much about his portfolio composition other than he has Ethereum and a bunch of NFTs.
Snoop may also have a hand in one of the largest Twitter influencer accounts in NFTs, Cozomo de’ Medici. He claimed that the account was his in a Tweet late last year, but recent evidence has put this in doubt. Medici tweeted a picture of him and Jason Derulo with their CryptoPunk NFTs covering their faces a few weeks before Snoop’s announcement. Not only does Medici appear to be much…
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