Millions of weed-themed NFTs themed around American rap legend Snoop Dogg sold out on Telegram just 30 minutes after launch. According to Telegram CEO Pavel Durov, the collection generated $12 million in sales and included roughly 1 million NFTs minted…Millions of weed-themed NFTs themed around American rap legend Snoop Dogg sold out on Telegram just 30 minutes after launch. According to Telegram CEO Pavel Durov, the collection generated $12 million in sales and included roughly 1 million NFTs minted…

Puff, puff, Pavel Durov? Snoop Dogg launches weed-themed NFT drop on Telegram

Millions of weed-themed NFTs themed around American rap legend Snoop Dogg sold out on Telegram just 30 minutes after launch.

According to Telegram CEO Pavel Durov, the collection generated $12 million in sales and included roughly 1 million NFTs minted on The Open Network (TON) blockchain. 

Durov shared the news on X, calling the launch a resounding success and noting that demand had overwhelmed expectations.

The NFT drop, described as being “inspired by Snoop’s iconic style,” featured a range of digital collectibles, including marijuana-related objects, a digital dog, vintage cars, swag bags, and other themed symbols.

Pavel added that both blockchain minting and secondary market trading for the collection will begin in 21 days on the TON blockchain

As part of the release, Snoop Dogg also debuted a new track titled “Gifts” along with a music video showcasing the entire collection.

Having previously merged his brand with platforms like The Sandbox and Roobet, Snoop continues to use blockchain as a direct-to-fan channel for content and collectibles.

The latest collection is part of Telegram Gifts, a feature that allows animated digital collectibles to be displayed on user profiles or converted into Stars, Telegram’s in-app currency. The items are designed to be both expressive and functional within the social platform’s expanding digital economy.

Telegram Gifts were first introduced in January 2025 through an update by MyTonWallet, a self-custodial wallet built on the TON blockchain.

This marks the second high-profile sellout for Telegram Gifts in recent days. On July 4, limited-edition items themed around American symbols such as Crystal Eagles, Statues of Liberty, and Liberty Torches also sold out in less than a minute. At the time, Durov said that all 15,000 Crystal Eagles, priced around $100 each, were claimed in just 45 seconds.

Although the recent success of Telegram Gifts has led many to speculate that the hype around non-fungible collectibles may be back, market data says otherwise.

NFT sales volumes have declined sharply this year, with data from CryptoSlam showing a 61% drop in Q1 2025 compared to the same period last year. In the past 30 days alone, overall sales have fallen by 41% to just over $403 million, with a more than 55% drop in transactions.

Market Opportunity
AINFT Logo
AINFT Price(NFT)
$0.0000003706
$0.0000003706$0.0000003706
+0.48%
USD
AINFT (NFT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Pi Network Price News Today; Cardano Price Predictions & Everything To Know About This Trending PayFi Altcoin

Pi Network Price News Today; Cardano Price Predictions & Everything To Know About This Trending PayFi Altcoin

Pi Network price is currently $0.3545 and the altcoin is approaching a crucial moment with the TOKEN2049 event in Singapore on October 1–2. Investors are hoping for clear guidance that could drive Pi Coin back toward the $1 mark. Meanwhile, Cardano continues to face resistance near $0.90, and Remittix (RTX) is gaining momentum as a […] The post Pi Network Price News Today; Cardano Price Predictions & Everything To Know About This Trending PayFi Altcoin appeared first on Live Bitcoin News.
Share
LiveBitcoinNews2025/09/18 21:30
Ripple CTO Explains How The XRP Ledger ‘Will Take Over The World’

Ripple CTO Explains How The XRP Ledger ‘Will Take Over The World’

On a Token Relations webinar for the XRP ecosystem on Dec. 20, Ripple CTO David Schwartz was asked the sort of question that usually produces a tidy dashboard answer
Share
Bitcoinist2025/12/24 06:00
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52