Apr 25, 2018 by Kyle

After a few days on the green, in which it managed to regain some serious territory, it looks like the folks over at Ripple are very confident in their XRP token. Considering this, they will be present at Blockchain Week, scheduled for next month, in New York.

In order to create some additional buzz, Ripple is also planning to host a VIP gathering, dubbed as XRP Community Night. The most exciting moment of the event will be a performance by Snoop Dogg, according to Cointelegraph, citing an official statement made by Ripple.

Want to attend the event? You can win your spot on Twitter!

The event is expected to be “invite-only”, but the company will also hold two contests on Twitter, in which participants can win ten tickets. We’re talking about Twitter Trivia, happening on April 26, as well as Make the Meme, on May 2.

Ripple revealed that the main reason why the organized the event is to thank those who are helping the company develop their XRP Ledger, as well as the xRapid platform, currently used by several banks, including Santander. People who are “spreading the good word about Ripple’s many benefits” are also welcome to the party.

Cryptocurrencies and showbiz aren’t mixing well all the time

With this first event, we can start talking about showbiz’s first attempt to entry the cryptocurrency market. Snoop Dogg is not the first celebrity to promote a coin though, as singer Lionel Richie recently appeared in a Super Bowl ad promoting Bitcoin Futures. Also, former Liverpool start, Michael Owen, launched his own token, while Paris Hilton endorsed ICO LydianCoin back in 2017.

On the other side, some celebrities picked the wrong ICO to back. Earlier this April, the United States Securities and Exchange Commission discovered a high-profile ICO scam, which was initially backed by boxing champion Floyd Mayweather and DJ Khaled. Considering this, the SEC is currently analyzing the possibility of making endorsing ICO by celebrities, in certain cases, illegal.