Non-fungible tokens have been the talk of the town for the past year (NFT). The virtual world of art, music, and sports have all been taken over by non-fungible tokens (or NFTs). NFTs are one-of-a-kind digital assets that use the same blockchain technology that underpins cryptocurrencies such as Bitcoin and Ethereum—think of them as certificates of ownership for virtual or real assets.
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Famous celebrities who have joined the nft space
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2. INTRODUCTION
Non-fungible tokens have been the talkof the town for the pastyear (NFT). The virtual worldofart,music, andsports have all been taken over by non-fungible
tokens (orNFTs). NFTs areone-of-a-kind digital assets that use the same blockchain technology that underpins cryptocurrencies such as Bitcoin and Ethereum—
think ofthem as certificates ofownership for virtualorreal assets.
Anew market in the digital arena has become the hottest topic ofconversation since Christie’s auctioned off a computer collage ofphotographs, “Everyday’s—The
First 5,000 Days,”on March 11 for $69.3 million, lifting creator Mike Winklemann whogoes by the name Beeple.
Not just common people areinvolved with crypto,but even celebrities aresupporting NFT projects andbringing them in front ofthe mainstream media. Among
cryptomillionaires, tech tycoons, andeven celebrities, the new trend has exploded in popularity.We’ve rounded together afew ofthe majorpersonalities ridingthe
NFT wave.
4. With her firstsale in late April, Ellen DeGeneres joined the NFT gold rush. Asher firstNFT, DeGeneres decided toauction her Ellen Show explanation ofNFTs,
as well as a physically drawn picture ofa cat that was displayed in the clip.
The talk show hostearned $33,495 from the 24-hour event, which she contributed tothe WorldCentralKitchen, afood-aid charity created by Chef José
Andrés.
2. ELLEN DEGENERES
5. In earlyMarch,theGrammy-nominatedEDM DJreleasedDreamCatcher,a collaborationwithartistAntoni Tudiscothat grossedUS$4.29 million. OnApril27, Aoki
and motivationalspeakerTom BilyeupublishedNeonFuture NFTs,a collaboration.
‘DreamCatcher,’a psychedeliccollectionmadeup of11 uniqueworksofartmixed withboundary-breakingsoundscapesandcutting-edgecomputeranimations,is
a jointendeavorbetweenSteveAoki and world-famous3D illustratorAntoni Tudisco.
WithAoki’s experimentalaudio soundscapes,Antoni’s surrealism3Dimagesbounceand shapeshiftinreal-time.
3. STEVE AOKI
6. After the success ofits Mesut Özil line,which grossed over $500,000. Musician Shawn Mendes joined the marketplace OpenSea with acollaboration
with Genies tosell innovative wearables. On OpenSea, items rangingfrom avirtual guitartonecklaces, vests, andearrings were availablefor purchase,
earning Mendes almost $600,000.
Mendes donated the revenues of the sale tothe Shawn Mendes Foundation Wonder Grants, which support young activists with bold ideas.
4.SHAWN MENDES
7. Eminem released his first NFT collection, “ShadyCon,”in late April,which was a digital festival that providedfans the option toown an NFT collectible
through Nifty Gateway. The unique recordings were released ahead ofthe limited-edition festival andincluded original instrumental beats created by
the rapper.
Eminem stated his love for collectibles when he was younger didn’t have amarket, andhe’s pleased torebuild some ofthose collections with NFTs.
5.EMINEM
8. When Twitter andSquare CEOJack Dorsey auctioned his firsttweet as an NFT in March, he demonstrated that social media can be sold as an NFT. His
15-year-old tweet from March2006, which simply stated “just setting up my twitter,” ended up fetching him $2.9 million when the Valuables platform
bidding finished.
All proceeds, according to Dorsey, were converted tobitcoin andsent to GiveDirectly, a nonprofit that aidsthe poor,benefitting its COVID-19 response in
Africa.
6. JACK DORSEY
9. Paris Hilton, afan ofbitcoin andEthereum, secretly launched her firstNFT in August 2020, auctioning a drawingofher pet on the NFT site Cryptograph
anddonating the earnings tocharity. Since then, the socialite has released official NFTs with artist Blake Kathryn,which have sold for nearly US$1.1
million.
Her other 2 NFTs “Hummingbirdin MyMetaverse” and“Legend ofLove” sold out for $10,000 each, for a total of $220,000.
7. PARIS HILTON
10. Elon Musk, the CEOofTesla andSpaceX, created an electronic music track about the NFT mania andsold it as an NFT. The topbid for the looping video
that accompanied the music was US$1.1 million, but Musk changed his mindandopted not tosell it.
8. ELON MUSK
11. Kate Moss, the supermodel, joined the craze with something utterly unique: a video ofherself sleeping. “Sleep with Kate,” a documentary that takes an
intimate look at the model, demonstrates how cryptoartanddigital ownership can empower women, as Paris Hilton stated.
Moss made $17,000 from the NFT andgavethe money to Gurls Talk, acharitable organisation.
9. KATE MOSS
12. Amitabh Bachchan has been the first Bollywoodactor toestablish his own NFTs with BeyondLife.club. BeyondLife.club, a Rhiti Entertainment company,
has partnered with GuardianLink.io tooffer aplatform for global artists, celebrities, andsports tolaunch their first-ever NFTs.
The NFT souvenirs will include unique andlimited-edition artworksbased on Bachchan’s iconic character andfilms.
10. AMITABH BACHCHAN
13. CONCLUSION
The transformation of ourworldinto ametaverse, where the internet will become a
virtualworld, is the NFTs wave with celebrities. Albums, artworks, songs,
photographs, and even real estate have allbeen tokenized andsold as NFTs.
Celebrities’ NFT auctions andsales area mechanism forthem toconnect with their
fans digitally through the selling oftokenized assets, effectively turning the globe into
a metaverse.
The NFT industry is still in its budding stage, with many advancements tocome. It’s a
secure method ofBlockchain storage that can’t be tampered with. The technology will
be extensively embraced in the near futuresince celebrities have already taken the
lead.