Meet Snoop Dog’s NFT Collection Worth $17 Million

NFTs
NFTs

Snoop Dog was revealed as the pseudonymous non-fungible token (NFT) figure behind “Cozomo de’ Medici.”

Medici DeFi wallet keeps the fund’s value close to home, with approximately $17.6 million worth of NFTs during press time. The musician has not yet provided further clarification beyond what had been tweeted on a Sept. 21 tweet, revealing that it somewhat revealed his identity. 

Snoopcoin’s NFTs portfolio includes coveted Art Blocks, Meebits, and CryptoPunks.

Most of the cryptocurrency holdings are in Snoop Dogg’s CryptoPunks currently holding ($13.19 million); note that this collection also features CryptoPunk #3831 – an NFT that shows a green alien gracing sunglasses on top of a mask and going for $5 million. — listing it among the most valuable crypto collectibles

Cozomo Twitter feed tweeted a thread 5-minutes prior to Snoop’s announcement, saying they would disclose their identity shortly using their personal profile.

“They added, “due to their great stature, the tweet was undoubtedly going to be found.”

Snoop Dog’s Foray into the NFT Market

This isn’t Snoop Dogg’s first time in the NFT market, as he previously teamed up with the creator of the Nyan Cat meme to release “Nyan Dogg” NFTs on 4/20 (a day sacred among marijuana users).

The rap musician announced that he would be releasing 50 “Nyan Dogg” tokens, each with a unique design and worth $50,000 — all created by Damien “Christine” Harris and Peter Atashian. The pair produced CryptoKitty and other NFTs for crypto collectibles shop CryptoBots.

Snoop also partnered up with Wu-Tang Clan’s Ghostface Killah to release “Ghost Dogg” tokens; apparently being offered as an investment opportunity. The tokens are set at a 1:1 ratio of the “Rocket Fuel” cryptocurrency.

An accompanying website offers the opportunity to invest in “authentic Ghost Dogg” tokens. These tokens can be redeemed for “Ghostface Killah’s digital currency of choice” — likely Ethereum or WITChain.

Hacker makes away with $300,000 worth of cryptocurrency

Elsewhere, hackers have reportedly stolen over $300,000 in cryptocurrency from an unknown investor between Aug. 31 and Sept. 13, according to reports released by US-based cybersecurity firm CipherTrace on Sept. 17.

The theft is believed to have been a “smart contract hack.”

The attacker used a loophole within the victim’s code to steal their cryptocurrency.

Nonetheless, CipherTrace did not reveal which token was attacked. However, it did give some clues as to the nature of the attack. Including data regarding the funds’ time of transfer (2:22 am on Sept. 13), their destination (Kraken), and the cryptocurrency in question (WAVES).

While CipherTrace said this attack could be “one of the biggest cryptos hacks ever”

It’s still unknown whether this theft would affect the broader infrastructure of cryptocurrency wallets.

A blog post by PebbleFactory announced that it is increasing awareness of the dangers associated with decentralized applications.

According to the report, users are currently at risk for wallet attacks, which can lead to their account balances being stolen or tokens being burned.

The firm noted that users should never leave cryptocurrency on third-party exchanges or wallets for their protection. Since the exchanges are not responsible for the safety of the funds.

“If you have money to invest, please secure it first! Nothing is ever truly safe unless you are the only one with access to it,” PebbleFactory advised.

“Even offline, there are risks to your funds. If you do not know how to secure your cryptocurrency yourself, hire a security specialist who does.”

According to a September 13 report from the US Federal Bureau of Investigation (FBI), hackers recently hacked into a “major” US cell phone carrier. They stole personal information from over four million customers.

The hackers reportedly gained access to the cell phone carrier’s network. They could intercept customer information — including names, telephone numbers, and some email addresses — between April and early September 2019. A link for this data was then posted on a dark web website.

The FBI requested that the public “immediately” change their passwords and check their credit reports for any suspicious activity. The agency also advised users against taking any financial or identity-related actions until the attack could be resolved, as hackers may use this sensitive information to commit fraud.

Hackers have reportedly compromised forums associated with Mirai, a malware that can hijack insecure IoT devices.

Mirai was blamed for the cyberattack on DNS provider Dyn in October 2016, which shut down major sites, including Twitter and PayPal.

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