What Is heating up the NFT space?
Non-Fungible Tokens, also called NFTs, have gained so much popularity overnight. NFTs have transformed the art, sports, music, gaming, and entertainment industry. Now it is a multi-million-dollar cryptocurrency market, and people from all around the world are getting their hands-on NFTs.
Non-fungible tokens are designed with blockchain technology, and they are digital assets like Bitcoin. NFTs are unique and can’t be replaced with other NFTs.
Tech billionaire like Jack Dorsey, who is a founder of Twitter, sold his first as an NFT for 1,630.58 ether, that’s around 3 million. That’s huge!
As if that’s not enough, Logan Paul (a popular YouTuber) has sold NFTs worth around $5 million. He sold digital Pokémon cards featuring himself as a Pokémon cartoon character.
Not just Jack Dorsey and Logan Paul, there are so many celebrities, billionaires, and influencers who are joining the NFT gold rush.
Last month, Kings of Leon released a new album as an NFT and crossed more than $2 million in sales.
After Kings of Leon, Tory Lanez becomes the latest celebrity who released three new albums as NFTs. He collaborated with Bondly, a blockchain company, and made over $500,000. Another music artist, Finance, is all set to create 450 songs as Non Fungible Tokens.
So, the question is, why tech celebrities like Jack Dorsey and Elon Musk are going crazy for non-fungible tokens?
Here’s why:
What is NFT?
NFT, as its name suggests, is Non-fungible. That means it is a unique token or item or anything, which cannot be replaced. A digital card or tweet or digital art is non-fungible because you cannot replace them with any other tweet or digital art. You can trade it with other NFTs just like cryptocurrency, but that is completely new.
NFTs are part of the Ethereum blockchain, which is a cryptocurrency, like bitcoin. Other cryptocurrencies can also design their own NFTs using blockchain technology.
A Brief Listing of Celebrities joining the NFT Space?
Fans are paying millions of dollars for NFTs, or non-fungible tokens. Sheldon Corey from Montreal paid $20,000 for computer-generated avatars.
Recently, Logan Paul sold his NFT video clips for up to $20,000. You can easily watch these video clips on Youtube.
Following Logan Paul, Jack Dorsey, Tesla CEO Elon Musk, NFL player Rob Gronkowski, rapper Ja Rule, Lindsay Lohan, Mark Cuban, Snoop Dogg, Grimes, Tony Hawk, have recently joined the NFT space and sold their non-fungible tokens for millions.
Not only celebrities or influencers but also websites like New York Times and Quartz sold their articles as a non-fungible token.
As if that’s not enough, William Shatner has sold an X-ray of his teeth as an NFT. Yes, and someone bought that too.
In this article, we are going to share which celebrities and artists released and sold their non-fungible tokens.
Who Are The Celebrities And What NFTs Are They Up To?
Fans are willing to pay a higher amount for digital collectible items or arts. One by one, Youtuber, gamers, sportsperson, and billionaires are getting into the crypto world through non-fungible tokens. Here are 8 celebrities who got huge success with NFTs.
1. Rob Gronkowski
Robert James Gronkowski is an American football player. Recently Rob Gronkowski has joined the NFTs train. He launched his nonfungible token (NFT) card collection on OpenSea digital marketplace.
All 349 available digital cards were bought by sports collectors and his fans. By selling just 349 cards as NFT, Rob Gronkowski made over $1.6 million.
His Digital cards include his appearances in a Super Bowl team and his latest appearance in February. There are a total of 87 copies of the cards, and Gronkowski digitally signs each card.
Rob Gronkowski is the first NFL player who launched his NFT collection and sold his all cards successfully. Following Gronkowski, Patrick Mahomes has also announced his NFTs, which are going to launch soon.
NBA has its marketplace, allow users to trade and collect digital goods via blockchain. The NBA has generated over $230 million selling digital assets, including player’s cards or signatures.
Rob Gronkowski used OpenSea Drops, which is a secure marketplace to buy and sell non-fungible tokens.
2. Ja Rule
NFTs market has exploded over the past few weeks. More and more celebrities and sports players are following the trend. Ja Rule is a famous rapper and the newest member of the NFTs club. Ja Rule announced on Twitter that he sold a painting of the Fyre Festival logo for $122,000, reserved for $600,000. Also, apart from being non-fungible, it is an actual painting. It might sound Ludacris but that’s the power of blockchain technology.
3. Lindsay Lohan
It seems like everyone is going crazy. One by one, all celebrities, influencers, and sports players are launching their own NFTs in the form of digital cards, paintings, or video.
Actress and pop star Lindsay Lohan has minted his NFT on Rarible, a marketplace for NFTs and digital assets. Loopify bought her first NFT for 10 ETH. Lindsay Lohan has said that she will donate the money to charities that accept Bitcoin.
4. Mark Cuban
We all know Mark Cuban from Shark Tank, a business reality tv series where entrepreneurs explain their business models to investors and later get investment. Mark Cuban is impressed with cryptocurrency technology, and he has many plans for NFTs too. He is very excited to use NFTs to raise more money for his Dallas Mavericks team.
Cuban has bitcoin, ether, and other digital coins wallets. He also invested in Mintable, a marketplace for digital assets using blockchain technology. Recently Mark Cuban sold Maxi Kleber’s dunk moment video clip as NFT on NBA Top Shot, an NBA’s official marketplace.
Cuban is also planning to convert game tickets into digital tokens so that fans can buy tickets and resell them as NFTs.
5. Jack Dorsey
Recently Jack Dorsey, CEO of Twitter has sold his first tweet as an NFT for approx $2.9 million on the Valuables platform. Valuables are the first NFT platform where people can sell and buy tweets using blockchain technology.
A decentralized digital ledger maintains transactions and ownership of each NFTs. Jack Dorsey’s tweet was bought by Sina Estavi, who is the CEO of Bridge Oracle. He also bid for Elon Musk’s tweet, CEO of SpaceX and Tesla.
According to “Valuables, The tweet will be available on Twitter, but the winning would own the NFT, signed and verified by the creator. It’s like an autograph, but here it is virtual.
To sell a tweet, you have to login into your Twitter account to verify that your tweet is sold and its digital rights belong to the buyer.
6. Elon Musk
Elon Musk is very excited about cryptocurrencies and that is why Tesla invested $1.5 billion in Bitcoin. Seems like Elon Musk is also joining the NFT club. After Jack Dorsey, Elon Musk announced that he’s selling his tweet that contains a song about NFTs. Elon fans have already started bidding. Till now the auction has already crossed $1 million. Whoever will win the bid get a tweet caption, clip, and song. However, the tweet will be available on Elon’s Twitter page.
7. Grimes
Grimes is an artist who sold $6 million worth of digital artworks as NFTs. Grimes sold his artworks on the Nifty Gateway marketplace. One of the most popular and highest bidding digital artworks was “Death of the Old,” sold for $389,000. A total of 700 digital copies sold for nearly $5.18 million in the WarNymph art collection event.
8. Steve Aoki
The hype is real, and there is no sign of slowing down. After billionaire, celebrities, and sports collectors, now a well-known DJ, sold his first digital animation as NFT. Recently Steve Aoki released his art collection as a non-fungible token. In the event, former T-Mobile CEO John Legere bought a single item for around $888,888.88.
A Summary About The Impact Of Them Joining The Space
Now you know why people are going crazy for NFTs. NFT is just a beginning. We can do more with blockchain technology.
NFTs have exploded in popularity, and the numbers are huge. Everyone is joining the NFTs as a mission. Mark Cuban, Gary Vaynerchuk, Shawn Mendes, Lindsay Lohan, and Elon Musk are trying NFTs in the form of their tweets or digital collectible cards and arts.
The impact of joining NFTs is enormous. The first one is popularity. Blockchain technology is still evolving, and when people like Elon Musk and Mark Cuban join the space, it means a lot. Due to them, people are getting aware of this new NFT stuff. More and more people are now talking about blockchain technology and its advantages.
In case you might be asking yourself why people are spending millions, here is the answer.
As a buyer, NFTs lets you financially support. Also, it will give you the usage right of that non-fungible item. You have a right to own that art verified by blockchain technology. Remember that every NFT is unique, and you can’t replace it with any other NFT.
Some collectors treat them like a future of fine art. On the other hand, some rich buyers treat NFTs like cartoon cards. It depends on the buyer, that NFT, and the future of blockchain. But it feels great to live in this innovative world.
Let’s wait for the next billionaire or celebrity to come up with his own NFT.
