Bahamas students each win $10k in NFT competition sponsored by Snoop Dogg’s son

Five University of the Bahamas students each won $10,000 with digital music and artwork as part of the university’s NFT Digital Arts Project, sponsored by Snoop Dogg’s son, Cordell Broadus.

The University of the Bahamas announced its students who won Non-fungible token Digital Art Projects on October 7, according to a report by Bahamian media Eyewitness News. Each student will receive a $10,000 reward for their NFT creations.

Three students won awards in the Visual Arts category and two students won awards in the Music category.

The project is funded by the Champ Medici Arts Fund Scholarship Award at UB. The collaboration included Cordell Broadus, son of American rapper Snoop Dogg, and the Tezos(XTZ) Foundation. The award was first established in March 2024 with an initial donation of $100,000.

One of the students who won in the music category said in an interview with Eyewitness News that he was able to learn more about NFT technology by participating in the competition.

CMAF is a $1 million philanthropic fund launched by Cordell Broadus in partnership with the Tezos Foundation. Their goal was to support emerging musicians and artists around the world who want to build and create new creative and cultural works on the Tezos blockchain.

In a report by OurNews media, CMAF said the NFT competition is just the beginning of its contributions to the university’s arts and music programs. CMAF and the Tezos Foundation will also provide educational lessons, materials, and guidance to students on how they can use the Tezos blockchain to mint, market, and sell NFT works.

The joint venture also plans to provide the university with relevant equipment and technology so that students can pursue digital arts and music initiatives in the future.

Tezos is a smart contracts proof-of-stake blockchain platform launched in 2017 following a $232 million initial coin offering.

In June 2024, it announced a new upgrade labeled “Tezos