Celebrity NFTs – What Do They Actually Achieve?

NFTs are being bought and created by celebrities more and more. Where can one buy an NFT celebrity? It does what?

You may have seen, in the midst of all the vacation photos and selfies, messages from famous people endorsing NFTs during your social media morning scroll.

NFTs, assets that can be added to the blockchain are uniquely identified by smart contracts. The creators have the ability to tokenize any type of content, including music and photos as well as videos or illustrations with NFTs.

Twitter allows NFTs as profiles to be taken in hexagonal frames. Gwyneth Paltrow, Justin Bieber, Paris Hilton and Justin Bieber are all joining the NFT movement. Bored Ape Yacht Club NFT owners have an exclusive privilege to access digital spaces and communities where celebrities hang out.

But it’s not just about buying the latest ape from the Bored Ape Yacht Club or nabbing the latest XCOPY artwork. Celebrities are now creating their very own NFT pieces; Snoop Dogg, for example, has his collection up on OpenSea, and Paris Hilton has teamed up with Superplastic to curate the “Past Lives, New Beginnings” collection.

Grimes is a Canadian musician who has made $6 million in digital artworks. This was due to her being one of the first people to make a profit on NFT. Grimes was a top-selling NFT creator thanks to her WarNymph 10 artworks. She successfully created enough buzz and demand for her art.

Even Eminem jumped on the bandwagon when he released his “SHADYCON” collection on Nifty Gateway, raising $1.8 million selling digital action figures and instrumental tracks.

This is because not everyone can afford to buy a work of art by their favourite star. They miss the opportunity to meet these stars by not attending celebrity NFT drop. The space has untapped potential, and one company is able to take advantage of it while providing fans with the chance to connect with their idols.

Celebrities are now voicing support for NFTs and cryptocurrency. There is an urgent need for actors, musicians, and sports celebrities to have a place where their products can be hosted for a larger audience. It may encourage their longtime fans to jump into NFTs and cryptocurrency by making it more accessible.

nOFTEN is hosting this platform for celebrities. This new marketplace brings luxury galleries to the digital age. The digital gallery will feature only celebrity-curated collections for fans to share, trade, buy and sell.

This platform allows artists to communicate with fans. It makes it easy for them to interact with fans and share exclusive content through NFTs. This content would include personalized videos, new songs, the chance to dine out with celebrities, as well as a video chat.

All of the above would be supported by the blockchain network, Etherlite, and incorporating these along with the website will tie the whole project together and encourage both communities – artists and fans – to participate and engage with each other.

As people use the internet for everything, from school and work to shopping and sports and grocery shopping, the digital divide is shrinking. nOFTEN helps close the digital gap by linking artists and their adoring fans, giving both the opportunity to grow, learn, and marvel at the art.

 

 

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