Fine Art NFTs Dropping Like They’re Hot, With Backing of Snoop’s New Art Fund For Promising Digital Artists

Snoop is promoting a new NFT fund to support emerging digital artists. As the lines between contemporary art and digital worlds blur, Snoop is putting it out like it’s hot. Artists and collectors alike have found NFTs to be a safe haven. People like Snoop (alias Cozomo De’ Medici) are buying up as much NFT art as possible.

Snoop is a huge fan of digital art and the launch his new fund confirms that. He announced the creation of an art fund with 64.6 Ethereum to support the most promising artists on Twitter. He stated that it would not only be for Ethereum NFTs but also for Tezos or Solana.

Snoop stated that the fund would “go to the art” and “build an Art Collection where fantastic new artists are discovered and supported.” As more auctions and exhibitions take place, the influence of blockchain-based fine art is increasing.

The tides are turning

Tezos is one of the most popular NFT marketplace networks. It emphasizes green minting and sustainability above all else. Tezos strives to not only be more efficient in minting but also to be cheaper on gas fees.

Tezos is moving, it not only featured as the digital element at the Art Basel exhibit in Miami a few month back but also plays the digital component of the Frieze art week, West Hollywood.

Many artists are abandoning Ethereum for NFTs because of the huge environmental implications. Instead, they are choosing more sustainable options like Solana or Tezos. These platforms include Teia and Nifty Gateway. They are experiencing a huge rise in popularity.

According to Medici a lot of fine art interactions with digital don’t just happen on Ethereum but on networks like Tezos. Medici shared a Tezos wallet address containing more than 1,000 tez.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

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