Celebrities flocked to the cryptocurrency space in large numbers in 2021, and craze for non-fungible tokens (NFT) has also increased with the lights. In the past few weeks, musicians, artists, professional athletes, and more have dipped their toes in the NFT ecosystem.
Celebrities have noticed the NFT hype and want to get in
Data from the market history of nonfungible.com shows that 27,850 NFT (non-fungible tokens) assets have been sold in the past seven days. The 27,850 sales were settled at $ 42 million, and the average price per NFT sale was $ 1,520 using statistics as of March 14, 2021. Now there’s a new NFT milestone sale almost every day, a new one Celebrity Creating an NFT and a variety of emerging NFT markets. The NFT hype is also fraught with significant controversy due to the storage of these pictures, music files, and other types of collectibles. In March, the NFT hoopla prompted a decent number of celebrities to dump their own non-fungible token assets.
For example, the NFT Market Makersplace announced that the number 1 player in the NFL, Kansas City Chiefs quarterback Patrick Mahomes, is planning to ditch a collection of NFTs.
Mahomes is hugely popular, and in the 2019-20 playoffs, Mahomes led the Chiefs to Super Bowl LIV and the Chiefs defeated the San Francisco 49ers. On March 17th at 3:30 pm (PST) on Makersplace, Mahomes will be releasing a collection of NFTs that “focus on important moments in Mahomes’ life.”
“Mahomes’ colossal influence on our culture, especially in the US, is undeniable,” said the Makersplace team. “As one of the greatest quarterbacks of all time, Mahome’s reach goes beyond the sport and serves as a source of inspiration for everyone. With this drop he will reveal another dimension of himself that the world has not yet seen. We are excited to introduce this new side of Mahomes to the world and allow fans to own part of his legacy. “
The Mahomes NFT collection follows the narrow end of the NFL for the Tampa Bay Buccaneers, Rob “Gronk” Gronkowski’s contribution. The popular NFL player collection is featured on the Opensea.io marketplace and the collectibles are reminiscent of Gronk’s four historic championships with five limited edition NFT trading cards.
“The crown jewel of the drop will be a rare 1: 1 Rob Gronkowski career highlight refractor card that includes a meet and greet with” Gronk “and tickets for one of his games next season,” says the description of Opensea. The Rob Gronkowski NFT collection was sold in the market for over 1.75 million US dollars at ETH. The sale of the “Gronkowski Career Highlight Refractor Card” was closed at 7:00 pm. (ET) on Sunday evening.
Total Gronk NFT ticket sales averaged $ 5,000 per ticket, and Gronkowski’s NFT debut was the highest athlete sales of a single NFT in history ($ 433,000).
Just recently the band Kings of Leon released their newest album “When You See Yourself”, which contains NFTs that reveal exclusive album covers as well as the vinyl LP “Golden Eye”. The band worked with blockchain tech company Yellow Heart, and statistics show the Kings of Leon NFTs have raised $ 2 million from NFTs since the album launched on March 5. US $ 500,000 of the NFT funds have already been donated to Live Nation’s Crew Nation supporting music crews during the Covid-19 pandemic.
Multi-platinum recording artists, noted political activists, street performers, and Latin American superstars
Last Wednesday, multi-platinum recording artist Lil Pump also posted a collection of NFTs through the Sweet platform. In addition, with the new NFT collection, Lil Pump has released a rare NFT asset, “Esskeetit Diamond VVS,” designed to recreate the look of one of the pieces in the American rapper’s multi-million dollar jewelry collection.
“That’s the future. Now you can live like me and own a rare NFT collectible from one of my favorite chains, ”commented Lil Pump.
In addition to Lil Pump, the Russian conceptual artist, political activist and founder of Pussy Riot, Nadya Tolokonnikova, has also entered the world of non-fungible tokens (NFT). The artist has released a new video for her latest single, “PANIC ATTACK,” directed by award-winning AR creator Asad J. Malik and produced by his hologram company Jadu.
Tolokonnikova’s single was also released in a number of four NFTs, and collectors can purchase it from Foundation. The proceeds from the NFTs will be donated to a shelter for victims of domestic violence in Russia that Pussy Riot has been supporting since April 2020.
A collaboration of celebrities doing an NFT sale together also includes famous street artist Alec Monopoly and Latin American superstar Ozuna. Together with the famous art dealer Avery Andon, the group will bring independent “Artgrails” onto the market. The Artgrails assets listed are limited edition NFTs. The artgrails.com website states that “all releases implement Queue-It technology”. This means that the protocol fights against bots and protects the market from server overloads. Like Makersplace and Opensea, the market is connected to the Metamask wallet, which is based on Web3 Ethereum (ETH).
It’s likely that more celebrities, musicians, and professional athletes will jump on the NFT bandwagon. Although it’s hard to say whether or not the NFT ecosystem, or even parts of it, may become non-existent. NFT advocates are betting that non-fungible token assets will continue to transform a wide variety of industries and reshape the landscape. Celebrities also see how much money goes into the NFT room, and it can essentially tell a celebrity what their symbolized name is really worth.
What do you think of all the celebrities digging into the non-fungible token (NFT) asset space? Let us know what you think on this matter in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, The Foundation, Opensea.io, Sweet,
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to submit an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.