Is Snoop Dogg really NFT collector Cozomo de’ Medici? Did he really put up for sale Cryptopunk #3831 due to Bored Apes flipping CryptoPunks in floor price?

  • One of the most famous NFT collectors is Cozomo de’ Medici, a reference to the wealthiest man who ruled Florence during the Renaissance and who was a patron to artists. On OpenSea, Cozomo de’ Medici has over 450 NFTs.
  • On Sep. 20, 2021, Snoop Dogg tweeted “I am @CozomoMedici.” Many took that tweet as true.
  • However, from my quick review, it doesn’t appear Snoop Dogg himself ever confirmed it.
  • Nitish Pahwa of Slate casts doubt on the claim that Snoop Dogg is Cozomo de’ Medici. Pawha offers two theories: “(1) that [singer/rapper] Russ is Medici; or 2) that Cozomo isn’t famous but is a kind of ‘asset manager for celebs’ including Snoop, Derulo, and others, as a comment on the Ethereum subreddit theorizes.”
  • In any event, Cozomo de’ Medici made BIG news. He put CryptoPunk #3831 on sale for 6969 ETH ($27,441,970.68 USD). You can buy it by clicking here.
  • What was the reason? The tweet said: “I’m extremely torn about this, but apes flipping punks today has forced my hand. I will be selling Cryptopunk # 3831, the original Cozom, origin of Cozomo de’ Medici, which started it all. So long old fren. You will be missed.”
  • Not sure what the connection between the Bored Apes flipping the CryptoPunks is (meaning having a higher floor price for the most recent lowest price sale). The floor price tells us nothing about the prices commanded at the high end of a collection of 10,000 NFTs. (Check out my analysis.) It sounds more like a fake reason. And someone is playing with us and having some fun.
  • Bored Ape thrown in: But then Cozomo de’ Medici said he’d throw in a Bored Ape as a part of the sale!