It’s easy to get distracted by the latest trend and wonder which celebrities have backed and launched their NTFS? Some of the most exciting examples include Amitabh Bachchan, Snoop Dogg, Gunna, and Emily Ratajkowski. But what about the rest? How can you tell if they’re truly involved? And, how can you ensure they’re not just promoting a product they’ve created?
Amitabh Bachchan
Amitabh Bachchan is a Bollywood superstar, producer, actor, singer, and former politician. As one of India’s most beloved celebrities, it is no surprise that he has backed and launched his NFT collection. He has endorsed a range of products and has a specially designed poster featuring the iconic actor reading his poem, Madhushala. Interested buyers can also purchase an autographed poster of Amitabh Bachchan, available in a limited edition.
Founded by Arun Pandey, Rhiti Entertainment, the NFTs will give ardent fans the chance to own the works of their favorite artists. Amitabh Bachchan is the first Bollywood star to get involved with digital collectibles and is planning to roll out his NFTs on his website. According to reports, the actors’ NFTs will be exclusive, each containing artwork and autographed posters.
A collection of Amitabh Bachchan’s non-fungible tokens has broken auction records, including an NFT with a poem by his father, Harivansh Rai Bachchan. Bidding for the collection, including the NFT of Madhushala, was $420,000 on Nov. 1 and closed on Diwali. Other items included autographed posters from his most iconic films.
The latest celebrity to jump into NFTs is Sunny Leone. The actress reportedly invested in NFTs last month. And it’s not just Amitabh Bachchan. Several other B-town celebs have also stepped into the crypto world. Manish Malhotra recently launched a collection of five NFTs that feature sketches of his couture. Within minutes of the launch, it sold out. Meanwhile, Salman Khan has announced the launch of BollyCoin, a dedicated NFT platform.
Snoop Dogg
The hip-hop legend has gotten involved in cryptocurrency and NFTs and even released a new album. In the “Ape Drops 03: An 8th” mixtape, Snoop Dogg has teamed up with Wiz Khalifa and backed the project with the native cryptocurrency APE. The price of APE has soared 1,300 percent since its launch. Within 24 hours of its announcement, it spiked thirteen percent, making it one of the most valuable cryptocurrencies in the market. The price of a single Bored Ape NFT has recently surpassed $300,000.
Snoop Dogg has recently branched out into the world of NFTs and recently announced plans to turn his Death Row record label into an ‘NFTs label.’ This new venture is exciting since Snoop is a prolific investor, Calvin Cordozar Broadus Jr.. He also invested in telemedicine company HIMS, which recently went public at $1.6 billion. In addition, he plans to launch an art collection that contains eight pieces. Each piece features original artwork and a track from Snoop Dogg.
Blockchain technology is a promising new investment opportunity for the music industry. Snoop Dogg recently acquired Death Row Records, a record label founded by Dr. Dre and Suge Knight. With the emergence of NFTs, it is vital to understand how a blockchain platform works. Snoop Dogg’s plans for the company include becoming a forward-thinking unit that can adapt to the changing technological landscape.
Gunna
The latest rapper to tap into NFTs is Gunna, who has backed and launched her yacht club, Bored Ape Yacht Club. Gunna bought the NFT for $300,000 using the cryptocurrency MoonPay, and named it “Butta.” She had the digital art piece tattooed on her calf. Since then, it has gained notoriety with fans and the media, but it will be interesting to see if this hype will stick.
American rapper Gunna is best known for her collaborations with Lil Baby and Young Thug. In addition to launching her own NFT, she backed a cryptocurrency called PushinPETH. The rapper was credited with backing the cryptocurrency and later deleted the tweet promoting it. However, the account was still present on the social media platform. The controversial tweet also raised questions about its credibility of Gunna. In response, some said that the rapper was pulling a rug from under her.
After launching her rap career, Gunna decided to leap into the metaverse. She has made significant moves in her music career in the past few months.
Emily Ratajkowski
Supermodel and art-world regular Emily Ratajkowski has backed and started her NFT (Non-Fungible Token). She’s following Paris Hilton’s and Kate Moss’s lead in taking back control of her image. The NFT is a piece of art that features an image of Emily Ratajkowski in front of a piece of art by artist Richard Prince, which sold for over $90,000. After reading the article in the Cut last year, Ratajkowski decided to back up her project and launch her NFT.
The NFT is a way for artists to sell works. Ratajkowski has sold a painting in Christie’s for $140,000. In addition, the buyer will receive an image file linked to the NFT. The NFT will also be sold at Christie’s. Ratajkowski’s piece is the latest high-profile example of an NFT. The piece was created in response to the way artists exploit women’s images.
While cryptocurrencies are increasingly popular, the NFT aims to give artists and creators control of their images. The NFT allows the artist to receive a payment for any use of her image. Ratajkowski, a member of the NFT’s advisory board, said the idea was a way to reclaim ownership over her image symbolically. The NFT offers a unique and powerful way to monetize an image. Ratajkowski has previously said that she had consulted with cryptocurrency experts but ultimately realized that the NFTs would still be used and distributed without her permission.
Reese Witherspoon
Reese Witherspoon has shown her interest in NFTs and cryptocurrency in the past. She recently tweeted about her plans to create movies and TV shows based on the NFT space. She has expressed excitement about working with prominent NFT figures. The Oscar-winning actress has also stated about the gender imbalance in the NFT sector. She is also joining forces with the World of Women, a nonprofit organization dedicated to empowering women.
Reese Witherspoon isn’t the only celebrity with an NFT business. Many celebrities have backed and launched NFT companies, including Elle Woods, Jennifer Garner, and Warner Huntington III. In addition, Twitter Blue, a premium service, supports NFTs in profile pictures. However, many average fans aren’t aware of the interconnectedness of Hollywood stars and NFT agencies. But this article on Substack shows how celebrity endorsements can impact NFTs.
Some celebrity endorsements of crypto are controversial. While celebrities’ endorsements of cryptocurrencies are a legitimate way to build brand recognition, their public appearances may seem like paid promotions. Although these posts are often misconstrued as endorsements, celebrities are not paid to endorse a product or service. But some celebrities see cryptocurrency as a new platform to build brand and fan loyalty, while others see it as a new way to cash in on their popularity.
Read More: Vaynerchuk And Snoop Dogg Acquired Big3 NFTs
Ja Rule
Hip-hop artist Ja Rule is getting into the art market with his latest venture. The rapper is involved with two startups, Flipkick and ICONN, which allow fans to book artists through the app, including live streams. The rapper completed a certificate program from Harvard Business School and is also involved with ICONN. While NFTs are new, they create an ideal scenario for artists and fans.
Many NFT projects show glitzy images of the artists involved. Rarely do these projects present the artist’s personal opinions or thoughts. Ja Rule has made his opinion known, however. He is the new Head of Artists at Flipkick, a high-end NFT marketplace selling physical and digital NFT art collections. Several prominent creators have said that NFTs have created unprecedented opportunities for artists.
One such example is the Club Cards project. Club Cards are a series of NFT trading cards created in partnership with the other NFT series. The project website lists Ja Rule as co-founder. Members can register for a chance to win prizes like physical merchandise, badges, and even tickets to a Ja Rule concert. The NFTs are valuable collector’s items, and the club cards will be used as an incentive for buyers to buy them.
Some NFTs are solely digital. Flip kick allows people to purchase digital ledger entries of tangible items. Buyers can sell the tokens or redeem them for physical artwork. One piece by Tripp Derrick Barnes was sold for $122,000 and hung in Ja Rule’s New Jersey mansion. Its creator, Billy McFarland, pleaded guilty to two counts of wire fraud.
