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Kanye West Says No to NFTs


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Kanye West Says No to NFTs

Although some celebrities have digitized and launched their own NFTs, Rapper Kanye West does not seem to have any plans to launch his own. The rapper and designer, now famously known as Ye, went to Instagram on Monday night to share handwritten notes to express his disinterest in NFTs. He also asked his fans to stop asking him to start one. In the handwritten statement he shared on Instagram, West said,

My focus is to make real products, real food, real clothes, real shelters in the real world. Do not ask me to do a f**king NFT”

Meanwhile, Rap artist Eminem joined the NFT movement with his first Bored Ape Yacht Club (BAYC) purchase costing 123.45 Ether worth $452,000 (Rs 3.36 crore). BAYC NFTs is a popular collection of 10,000 unique bored monkeys created by Yuga Labs. The NFT dubbed “EminApe,” shows a monkey wearing a khaki military hat with a chain of rings the gold neck looks like Eminem.

Justin Bieber also recently bought a non-fungible “bored monkey” token for $1.99 million. In the photo, a monkey wearing a black T-shirt was seen crying. The singer paid more than 300% of the advertised price for this rather simple song.

Fans of Lindsay Lohan can now auction a fur NFT of her dog “fursona”. Lohan announced via Twitter that she has formed a paid partnership with the Canine Cartel, a “limited collection of NFTs where each token also serves as a member.” members of the Cartel,” according to the company’s website.

Artist and NFTs

Making music and products in the real world combines ownership and community with financial stability.

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The widespread adoption of NFTs led to the rise of the NFT marketplace. The platform is the absolute location to buy, sell and create NFTs

In the world of art, NFTs are seeing penetration into other entertainment sectors, and one such sector has witnessed the invasion of NFTs into the video streaming industry. With the rise of online multiplayer games and the excitement that accompanies them, streaming has become a huge sector. The industry quickly gained popularity and reached dizzying heights during a pandemic. It is estimated that the streaming industry was worth 180 billion dollars during the 2020 lockdown.

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