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More Celebrities Who Are Endorsing NFTs

NFT has been around for some time, but it has only taken off in recent years. Nevertheless, it has become a popular term in the online marketing world and is quickly becoming a buzzword.

 

NFT is a term that stands for non-fungible tokens. It is a digital asset that is unique, non-divisible, and tradable. Most recently, it has become popular among crypto enthusiasts and investors. Furthermore, with the increasing popularity of Blockchain, many celebrities have also stepped into this market. As a result, many other stars have started to endorse NFTs and cryptocurrencies.

 

Celebrities are endorsing NFTs to gain a new source of revenue and help spread the word about these innovative technologies.

 

This article will show some stars involved in the web3 space!

 

Justin Bieber

Justin Bieber is among those celebrities who are supporting this new digital currency. In January, Bieber posted a picture of an NFT by Bored Ape on his Instagram handle. And now, after a few months, he has bought two digital coins. Although he chose not to comment on this matter, his efforts to promote this new digital coin have been reported by one of the well-known websites for NFTs and blockchain technology, Dirty Bubble Media. This website is developed to keep track of the popularity of the new trends in this digital market.

 

A lot of celebrities are jumping into cryptocurrency, and that’s great! However, there are still some legal issues regarding cryptocurrencies. For instance, Justin Bieber just purchased an NFT from the Bored Ape Yacht Club for $470,000. Furthermore, it’s his second purchase from the same platform within two weeks. The NFT was created by tens of thousands of graphical illustrations that are developed by algorithmic processes. The problem is that it is listed on the OpenSea platform as Bored Ape #3850.

 

If the issue remains the same, there are some chances that people will lose their trust in this new digital technology which they believe is protected by Blockchain.

 

Lindsay Lohan

Lindsay Lohan is among the most famous celebrities of our time. She has been involved in various creative business ventures and has recently made her foray into Blockchain technology. She has also been vocal about her interest in the cryptocurrency market, and her recent endorsement of the NFTs (non-fungible tokens) is in front of everyone. She is being tweeted on the NFTs and Bitcoin since Feb. In fact, she has released new music in the form of NFT as a gesture to promote NFTs worldwide, especially among her fans.

 

Besides NFTs, she is also involved in multiple tech-centric ventures. For example, she has also invested her money in a nightclub which she co-owns with her business partner. So, Lohan is not in the limelight for owning businesses or trying to make money using various methods for the first time. However, her relation to the NFTs is new, and it seems that she will continue it.

 

Recently, she has signed to endorse this new digital asset that can only be bought or sold with digital currency. These tokens can be traded at Rarible, a well-known platform for crypto lovers. Furthermore, it uses Ethereum as a currency for any trade. Lohan’s fans and even ordinary people can buy or sell tokens utilizing this platform to make easy money. However, some risks are always involved in trading cryptocurrency or digital assets like NFTs. Fans must need to be aware of them. Otherwise, they could lose their money in purchasing the assets with depreciating value.

 

Shawn Mendes

NFT-producing company Genies recently partnered with Shawn Mendes to produce his recent album “Wonder.” Unbelievably, the company has reported generating more than a million dollars within only ten minutes. After that, it donated this money to a charity formed to help young artists.

 

The story doesn’t stop here. The NFT production company Genies has reached the $10 billion milestone within a day. Most of its credit goes to Mendes, who was among those who endorsed it. Genies is not the only one in the market. Many companies are catching the popularity of celebrities to generate countless profits.

 

You must know that Mendes is not the only superstar who has become a fan of this new technology. Some other musicians and celebrities have taken an interest in NFTs. For example, Deadmau5 had started selling NFTs as visual stickers. In fact, many other figures like Linkin Park’s Mike Shinoda have also stepped into this market to get his share. In addition, Jacques Greene, a Canadian music producer, has also found to be a fan of NFTs, and the list is growing every passing day.

 

Billie Joe Armstrong

Billie Joe Armstrong, who doesn’t know this name? He is an American musician, singer, and songwriter who co-founded the punk rock band Green Day, which rocked the world and gave back-to-back hits. Although Billie is a musician, he also has a keen interest in cryptocurrencies. He was one of the first celebrities to invest in them and continues to stay up to date on new developments.

 

John Cleese

Here is another big name that is not only taking an interest in the NFT world but also selling it. The English actor and comedian is selling a sketch of Brooklyn Bridge. The news is that sketch is being sold as an NFT, which is available on one of the biggest NFT selling platforms, OpenSea. The exciting thing about this sketch is that it was created on an iPad.

 

Celebrities are utilizing their image for wealth generation and evoking people’s interest in this new type of digital asset that is not only useable but can also generate money.

 

To Conclude

The art world has been around for thousands of years. For centuries, artists have been creating pieces of art that are meant to be appreciated as a work of beauty and significance. However, in recent years, the art world has seen an influx of new digital assets traded on the Blockchain.

 

Artists can now sell their works digitally through an NFT (non-fungible token) on the Blockchain, a digital asset that cannot be copied or replicated. This allows them to reach a wider audience without having to worry about whether their work will be stolen or not.

 

NFTs allow artists to share their work with more people than ever before and generate revenue from it too! That is why artists and celebrities use their public image to promote NFTs, which can ultimately help people get more for their artistic work.

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Things You Should Know About Celebrity NFT Holders

In the last year, the crypto space has been paced up with the Non-Fungible Tokens (NFTs). Numbers of people are eagerly looking to find a way to get the next NFT collection that has value, just like the Board Ape Yacht Club NFT. As a result, a huge market hype has been created, which also attracted well-known public figures, artists, celebrities, and leaders around the world to grab places in this market. The celebrities such as Kylie Jenner, NBA players like Rudy Gobert are buzzing towards this NFT market for investment. Let’s have a look at some of the basics of the NFT that celebrities are using for the investment in Non-Fungible Tokens.

 

NFTs: Quick Crash Course:

When something cannot be changed, replicated, or altered, it is known as Non-fungible. As far as the token is concerned, it is a series of codes on the network of Blockchain that support smart contracts such as Solana, Ethereum, Tezos, or any other. They are built by the developers on top of them. In simple words, a Non-fungible token is a type of asset that is attached to a series of codes. Once it is cast on the Blockchain, it cannot be changed, replicated, or altered.

NFTs can be related to anything in the world that you think of, such as any artwork of a digital world or real-world thing; digital NFT can be attached to anything. Even if you want to sell something online, such as selling your motorbike online, it can be NFT as well.

 

Celebrity NFT Investment: Attractive NFT Projects for Celebrities:

When you talk about the projects in which the NFTs can be invested, you can find Celebrity investors all over the market and in every project. For example, if we talk about sports stars, they are mostly investing in projects that are related to sports. On the other hand, celebrities like Paris Hilton are investing hugely in Metaverse NFTs, such as the Metaverse project that was launched in the third quarter of 2021. So, here is a list of some well-known celebrities that are heavily investing NFTs in their related projects so that you can keep an eye on your favourite ones and on what projects they are interested in for the future.

 

Grimes:

At the start of 2021, the NFT collection was launched by Grimes, and for some time, she was also supporting the vocal NFT. Her first collection was called WarNymph, and it generated revenue of more than $6 million.

 

Paris Hilton:

Within the NFT space of vocal celebrities, Paris Hilton is a very well-known name. At first, she was a socialist, then she moved her career to entrepreneurship and took a heavy investment in NFTs. She has spread awareness in many ways when she goes to different TV shows. According to her, NFTs are the future of the economy. As far as her personal collections are concerned, it includes several Metaverse projects, different digital artists, and she even has her own charity NFT which won the award in 2021.

 

Rudy Gobert:

Rudy Gobert is an NBA player on Utah Jazz Team, and he has been a part of the vocal NFT space for a long time. In November 2021, Goober bought a Board Ape, which he sold later.

 

Marc Andreessen:

Marc Andreessen is a hugely vocal supporter of Blockchain and NFT spaces. He is also one of the founders of the Andreessen Horowitz venture capital firm. In his firm, he has dedicated a complete department only for this purpose which is to do investment in the space. As a result, in recent times, he has backed some of the biggest NFT projects with the help of Cameron and Tyler, The Winklevoss Twins.

 

Mark Cuban:

Mark Cuban is a Billionaire and a giant on NFT and crypto spaces because he has both big investments in NFT companies and owns NFTs.

 

Snoop Dogg:

In 2021, well-known rapper Snoop Dogg launched his own NFT with the name of “A Journey with the Dogg.” Moreover, it is rumoured that he has his own Bored Ape.

 

Melania Trump:

After leaving the president’s office in 2021, Melania and her team are focusing on purchasing the NFTs. When she first invested in the NFTs in late 2021, it was only for raising money for charity. Now, she has been raising her voice for the potential that space has.

 

Tony Hawk:

Tony Hawk is a celebrity skateboarder that got himself into NFT in 2021. He made a video of himself doing tricks on skateboards and auctioned that video.

 

Wuki:

In late 2021, DJ Wuki launched his own NFT Collection. He is also heavily investing in the other NFT projects, which you can learn from him by following his Twitter account.

 

Shawn Mendes:

Shawn Mendes is a very famous Musician, and he is now taking an interest in NFTs. Recently, he sold a series on his digital wearables with Genies on OpenSea. As a result, He earned $500,000.

 

Jack Dorsey:

Former CEO and co-founder of Twitter, Jack Dorsey, has stepped into the world of NFTs in early 2021. He was in the news after he auctioned his first tweet as an NFT. Jack has been very vocal since then about the advancements that Blockchain can bring in the world of technology.

 

Eminem:

In 2021, Eminem released his first NFT Collection as a digital festival. The owners of the ShadyCon NFTs had special access to the content that Eminem had created.

 

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Why celebrities like startups in India

During recent years there have been an increasing number of celebrities transforming into startup investors. These stars have shown that their talent exceeds taking a great selfie in front of the camera or on the field and they are ready to use their celebrity status and power to increase their millions outside of their normal comfort zones. From retail to aerospace to fitness, Indian celebrities are keen to own a pie in the country’s startup ecosystem, both global and local.


Indian celebrities like Amitabh Bachchan have invested in “Edu’s Fun” and “Just Dial” , Virat Kohil has invested in “Wrogn” the gym chain “Chisel” and Convo and Indian Cricket Captain Run Adam has invested in Cars 24.


This phenomenon of celebrity investors isn’t a surprise or anything new, but the fact that the role and equity of a star are moving beyond brand ambassadors endorsing the product is an curious trend and one that is likely to expand in time.


A recent television interview with a group of startups about this growing trend of celebrity investors. The product advertising has been a lot easier by Facebook’s new initiative ‘Boost with Facebook’ empowering businesses across India with digital education to allow for their business growth.


Anything from retail, aerospace and fitness , Indians are keen to own a piece off the pie. Indians are investing their millions into start up companies.


From local to global the start up companies are looking for celebrities to do more than endorse the products like men’s grooming products. The small and medium businesses are looking for big investors and to contribute to brand ideas.


Across the globe, there are approximately 90 million Small – Medium businesses (SMBs). In India, there is exceptional commitment to giving a boost to the SMB ecosystem. There are two sets of SMBs in India, where a fraction that know how to do business online, but the level of understanding is really small. Suprisingly there are SMB’s that haven’t come online yet, and are still learning the online world completely. For the first set of people who are already online, there are several programmes launched recently to support them. This includes the Venture Capital (“VC brand incubator”) that helps Facebook partner with VCs and as a result helps micro-business entrepreneurs skill, mentor, and train. Small businesses and startups who have small budgets can access various workshops where leaders from Facebook extend solutions that can enable them to grow and scale their business. Facebook recently also launched the SheLeadsTech programme exclusively to encourage women entrepreneurs. The programme has enabled 600 women entrepreneurs access to tools, mentorship, and resources to help overcome barriers, and build a successful business in technology.


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