Hip-hop veteran Eminem is seeing immediate returns on his decision to enter the non-fungible token (NFT) market. One week after the Grammy-winning lyricist dropped his own collection of NFTs, sales are reported to be nearing $2 million.
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Eminem’s NFT Drop Has Been A Huge Success
Eminem partnered with Nifty Gateway to release a series of NFTs, and in one week it’s been made clear that he’s still one of the most popular names in entertainment. According to CryptoBriefing, the Eminem collection brought in about $1.8 million in sales, surpassing artists like The Weeknd and pop singer Grimes, who recently dropped their NFT collections.
“#SHADYCON Open Editions on @NiftyGateway“
Eminem Spends Big For Classic Nas Music
Slim Shady is demonstrating his appreciation for fellow hip-hop legend Nas in a big way. The rap icon apparently shelled out up to $600 for a sealed Illmatic cassette tape.
“I think it’s backstock from what records stores had in the back storage. The tapes that never sold and they just kept them. That’s the only thing I can think of. Cause nobody’s going to have a f*cking Illmatic tape and not open it.”
Doja Cat Cracks Into The NFT Space
Grammy-nominated artist Doja Cat is taking the NFT wave in stride with her latest collection release. The R&B singer launched her custom-curated NFT marketplace, Juicy Drops, along with her debut NFT collection on April 23.
Doja Cat is taking on the red-hot market for non-fungible tokens with the launch of her own curated NFT marketplace, Juicy Drops, and the debut of her first NFT collection this Friday. (Billboard)
Akon Cracks Into NFT Hustle
Music veteran Akon‘s newly-announced non-fungible tokens (NFTs) platform aims to “supercharge and empower” fellow artists.
Music mogul Akon, whose birth name is Aliaune Damala Badara Akon Thiam, announced the Akoin team behind the cryptocurrency AKN has partnered with Taqo.io to launch the AkoinNFT platform for NFTs. It has been a challenging time for creatives, with many unable to resume activity due to the COVID-19 pandemic. In response, NFTs have seen growth by creating opportunities for struggling artists and their fans. NFTs are cryptographic assets that can have variable features. They have been used to represent a wide range of unique tangible and intangible items, from art to collectible sports cards to virtual real estate and even digital sneakers. (Coin Desk)