Snoop Dogg and Gary V own $95M worth of NFTs

According to DappRadar, the NFT portfolios of famous rapper Snoop Dogg and famous entrepreneur Gary Vaynerchuck are worth a combined $95 million.

As of this writing, Vaynerchuck holds the lion’s share with a wallet worth $81.89 million. His collections include multiple NFTs from top collection series such as CryptoPunks (he owns a whopping 60 in total), Bored Ape Yacht Club, and World of Women.

Snoop Dogg's is an avid NFT collector, his wallet also holds multiple CryptoPunks, Meebits, and Fidenza NFTs, his most expensive NFT is CryptoPunk#3831, currently worth $2.57 million.

DappRadar highlighted these wallets in a blog post listing the 10 most valuable celebrity NFT portfolios. Other notable figures include $4.9 million for Reddit co-founder Alexis Ohanian and $4.36 million for YouTuber and self-proclaimed future US presidential candidate Logan Paul.

It’s no surprise that Snoop Dogg made the list, launching various NFT projects, snapping up virtual properties in the metaverse, and launching “Snoop avatars” in partnership with The Sandbox at the end of January.

Vaynerchuck is also very active in this space, launching his own program called "Veefriends," which has generated more than $132,000 worth of secondary sales since launching in May 2021.

More NFT boycotts
K-pop icon Sunmi, also known as Miyane, has faced backlash from fans in relation to the NFT collectible she and her agency, Abyss Company, launched last week.

Launched on the 23rd, the "Sunmiya Club" project consists of 10,000 computer-generated NFTs depicting various cartoon images of Sunmi. However, some of her fans slammed the entertainer as just trying to "make some quick money for her company".

On Monday, Sunmi shared a statement from Abyss Company about the bashing, but the company simply reiterated its long-standing stance on the project and didn't seem to address any concerns from fans, stating "We implore you to perform in our artist's future. continue to give love and support.”

Fans were quick to question the statement, with Twitter user "cruelrush" also raising environmental concerns about NFTs, while other fans threatened to boycott the K-pop icon:

"We are willing to actively support Sunmi, but not at the expense of the environment. NFTs are bad. We want to support and interact with Sunmi by buying her albums and songs. Go to her shows. We hope there are more Online concert to support her," they wrote.

Just a bunch of lies, NFTs don't need to be used to further support an artist. Sunmi already has a lot of fans who really like her music and personality. Nobody asks or wants this, Abyss is just greedy
— Quarantine Lil (SAINTS ROW ERA) BLM✊ (@lil_drawsart) February 28, 2022
And friends like this
While it's a touchy topic in the gaming community, Valve CEO Gabe Newell praised NFTs and discussed the potential benefits of integrating the technology with AAA games.

His company owns digital game distribution giant Steam, and in an interview with Rock Paper Shotgun, Newell was quick to draw the line between NFT technology and current users.

He noted that basic features such as distributed ledgers, digital ownership and shared spaces “are all very reasonable” and should not be ignored:

"You have to differentiate the underlying technology from the players who are using it. It's like if you're a chemist and you look at nitrocellulose and you're like, 'Oh, yes, we can do this with it' Some really interesting stuff'."
"However, people in this field tend to get involved in a lot of criminal activity and sketchy behavior. So, it's more about the actors than about the underlying technology or rationale for what we're doing," he added. .

Thank you for your support, Newell, much appreciated.