EMINEM NFT - Bored Ape Yacht Club
The Rap God Buys NFT
An NFT or non-fungible token is a unique digital asset that represents ownership of real-world items like art, video clips and music. While most NFTs are part of the Ethereum blockchain, other blockchains can implement their own versions of NFTs, like we see with Hivepunks on the Hive blockchain.
NFTs hold a value primarily set by the market and demand and they can be bought and sold just like other physical types of art. It is likely that you have heard of NFTs before, but most people aren't aware of what an NFT really is.
A few months back, on 30 December 2021, the Rap God bought the Bored Ape Yacht Club (BAYC) NFT, which cost him 123.45 Ether or approximately 500,000 USD at the time. It would have been roughly 375,000 USD at the current prices. When Marshall Mathers, one of the best selling music artists of all times, changed his social media avatar to the Bored Ape NFT he had bought, it was also a way to signal to the world that he was truly ready to dive into the metaverse for real by joining the exclusive community of elite NFT owners.
The BAYC NFT collection was launched in April 2021 and is limited to 10,000 unique images of apes. Eminem is in good company in the BAYC as celebrities like Jimmy Fallon, Snoop Dogg and Post Malone sits comfortably with their hands on unique ape tokens as well.
Eminem Dives Into The Metaverse
Paying $500,000 USD for something as simple as an "image" might sound weird for some, but with a net worth of $230 Million, Eminem is one of the highest-paid entertainers in the world and doesn't really have to care about money if he don’t want to. He would rather easily be able to recover any potential losses over time anyways, and diving into the metaverse in the way he has, will definitely result in profit.
Even though Eminem bought the Bored Ape just a few months ago, he has been transacting NFTs for a long time. He launched his own beat-inspired animated NFT collection of Stans in April 2021.
Tom MacDonald, an independent Canadian rapper, bought the "Stan's Revenge" NFT for a whopping $100,000 and eventually used the NFT beat produced by Eminem that came with it, for a new song called "Dear Slim" that he dedicated to the Rap God himself.
Tom MacDonald paid 1/5 or roughly 20% of the cost of the Bored Ape that Eminem bought, when he purchased "Stan's Revenge", so I would call Eminem not only the Rap God, but also the future NFT God.
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Influence is such an amazing thing. Because of his influence, he would drag many into the the NFT circle. And in a short while, he'll recover his money and made even bigger profit
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You can do literally anything with the right amount- and type of influence. Em is the real slim shady, the goat. He could probably earn millions just by spitting in someone's face.
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🤣🤣🤣🤣. Yeah you're right there.
spitting in someone's face? Lol
That's funny you know.
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Big names help but they can be a hindrance since people blindly follow.
Are NFTs a good choice at the moment? It might not be the best course of action.
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Yes people would blindly follow. But at the end of the day, it isn't the 'big name' that would lose.
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The leader rarely lose, depending on what they do and how they lead.
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Yeah. It's the bandwagon that are used as puns. That's how the game is.
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I am not sure NFTs are that good, the best choice or even a good choice at the moment, but I do know that a lot of people are investing heavily.
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They are getting a lot of attention. That we cannot deny. So how will it all turn out. I stand by what I stated: feels bubbly.
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I'm okay with whatever happens, as long as I attract eyeballs and generate traffic. lol
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Writing about NFTs is great. They are very popular and people are looking for information. How to on them could do really well.
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This post was made in an attempt of creating outward facing content that brings traffic over time.
I'm fairly sure that it will yield some results at least, but I messed up with poshtoken when I made a tweet about it.. :D
I guess it (poshtoken) was down or something when I first made my tweet and I figured I would do another one, but decided to delete the tweet afterwards. Poshtoken didn't realize that I had deleted the tweet though.. :D
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Oh the struggles of technology. LOL
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Haha, yup.
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I am not sure NFTs are evolved enough. This is not my field of expertise by any means but it seems bubbly to me.
Maybe I am wrong on that.
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I would agree with you. I am not an expert in this field either, but NFTs have most certainly been a huge thing lately. And continues to draw a lot of attention.
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It could be but I don't really think the bored yacht club is anything to note. I tend to think it's more of a scam and the prices are way too inflated. In a way, I see it as a place where social media influencers gather and try to show that their NFTs are worth more so they can sell them off to someone else for higher.
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I can totally understand your point. Looking at Tom MacDonald who paid $100K for a beat that was produced by Eminem though, which he owns is pretty awesome.
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Pretty cool that the NFT beat was actually used by Tom MacDonald.
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Yeah, I think he did an awesome job with the song.
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https://twitter.com/hitmeasap/status/1515476506658680832
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