Snoop Dogg Ventures into Web3 with Shiller
According to foreign media reports, Snoop Dogg, a famous American rapper and actor, is the co-founder of Shiller, a Web3 real-time streaming media application….
According to foreign media reports, Snoop Dogg, a famous American rapper and actor, is the co-founder of Shiller, a Web3 real-time streaming media application.
Foreign media: Snoop Dogg, a famous rapper, is the co-founder of Shiller, a Web3 real-time streaming application
Interpretation of the news:
American rapper and actor, Snoop Dogg, is delving into the world of Web3 by co-founding a real-time streaming media application, Shiller. This partnership marks the first significant investment by the artist in the emerging blockchain technology.
Shiller is a decentralized video platform that is designed to enable content creators to express themselves with authenticity and provide their followers with secure online spaces. The platform seeks to leverage blockchain technology to enable creators to keep ownership and control of their content while offering them an opportunity for monetization.
The decision by Snoop Dogg to invest in Shiller could prove to be a significant move for the hip-hop culture. The move underscores the emerging trend among artists and entertainers to explore and venture into the Web3 space. In recent times, several musicians, including Akon and RZA, have invested in cryptocurrency initiatives such as Bitcoin and have ventured into blockchain-based startups.
Snoop Dogg’s investment also speaks to the growing recognition of the vast potential that Web3 technology holds for artists and creators in the music and entertainment industries. The technology enables them to take advantage of blockchain-based solutions that provide a more transparent and efficient way to handle their intellectual property rights, deal with finances, and interact with their global audience directly.
Shiller’s real-time streaming platform provides a way for artists and creators to connect and interact with their fans directly while retaining full control of their content. The platform incentivizes the users through a rewards system based on blockchain technology that allows them to earn tokens for creating content, commenting, and providing feedback.
In conclusion, Snoop Dogg’s investment in Shiller is a testament to the massive transformative power of blockchain and its influence in the entertainment industry. The move by the hip-hop icon is likely to inspire other artists and entertainers to explore the potential of Web3 and blockchain-based business models.
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