The metaverse is poised to revolutionize NFT adoption, and celebrities like Miley Cyrus and Snoop Dogg are leading the charge. Fortune Crypto recently published a feature exploring Snoop Dogg\'s bid to create a virtual empire in the often-struggling metaverse world. While the virtual real estate market has faced challenges, Snoop\'s plan to create an "NFT label" aims to inject new life and utility into the space. Can Snoop\'s NFT vision fill the void? Musicians are increasingly seeing the potential.
Snoop Dogg is not alone. The likes of Paris Hilton are also adopting building blocks of the metaverse, notably by minting NFTs. This growing celebrity involvement underscores the immense opportunities the metaverse presents. Juniper Research predicts a surge to 40 million NFT transactions in the next five years. This projected growth fuels further interest.
American singer-songwriter Miley Cyrus is the latest celebrity to take her name brand to the metaverse, after officially applying for several metaverse and non-fungible token (NFT) related trademarks with the USPTO on August 16. With such significant potential, there\'s no wonder that celebs like Miley Cyrus and Snoop Dogg are getting involved. The metaverse provides great opportunities for them to connect with fans, build brands, and explore new creative avenues through NFTs. Stay tuned as the metaverse and NFT landscape continues to evolve, driven by innovation and celebrity influence.