Even though cryptocurrencies and blockchain technology feels like relatively new innovation that is still changing the world, this technology actually came up more than a decade ago. However, in the early stages of cryptocurrencies, very few people were brave enough to invest in a technology that they didn’t really understand.
With that said, a few years down the line, the crypto market has rapidly increased in popularity, especially after prices rocketed sky high and people were drawn to cryptocurrencies as an investment hoping to get huge returns.
Nowadays, cryptocurrencies are present everywhere and they are changing many industries. You can now gamble with pay for your latte, stake your crypto or rent a place or even gamble using cryptocurrencies. In fact, there are plenty of online casinos that offer an attractive Bitcoin casino bonus, thus making it hard to resist for players.
Bitcoin and other cryptocurrencies grew massively in the past couple of years, making people millionaires overnight. This breakthrough caused many people including celebrities, and big names from the music industry to spare a few dollars and invest in crypto.
Since popular musicians have some money to spare on speculative investments, many of them allocated a portion of their budget for investing in crypto.
Musicians that have already invested in Crypto
Famous musician Post Malone invested almost $1 million in a pair of Bored Ape NFTs. The Apes have quickly become a status symbol on par with luxury motors and artwork with the aid of famous artists. Each Ape sells for loads of thousands of bucks and they’re owned by the likes of Steph Curry, Jimmy Fallon, and Steve Aoki.
Post Malone purchased Apes #961 and #9039 for about 160 ETH. Given that 1 ETH became really worth $4,600 at the time of the acquisition, Malone spent just over $700k for his two Apes. This kind of fee shows how popular NFTs have become, especially on the grounds that this is nearly a state-of-the-art asset elegance that hardly existed just multiple years in the past.
This is not a crypto investment, since we are talking about NFTs, but it is based on blockchain technology and requires crypto in order to purchase such digital collectibles.
Snoop Dog is another popular hip hop artist that is heavily into crypto. He has been promoting several new cryptocurrencies and has talked about how he invested in Ethereum and Bitcoin. Additionally, Snoop Dog is heavily into NFTs and his Ethereum wallet is full of transactions.
Snoop Dogg is one of the most distinguished musicians to adopt cryptocurrency. In unique, he’s confirmed to be an avid collector of NFTs. His Ethereum deal has masses of transactions which show that Snoop has spent greater than 1 million dollars on NFTs.
It seems like Nas and Crypto have something in common. Both Nas and cryptocurrencies climbed the ladder of success fairly quickly.
Apart from creating arguably one of the greatest hip-hop albums of all time (Illmatic), Nas became also an early investor in Coinbase.
Nas invested in Coinbase via his Queensbridge Venture Partners firm. Although it’s unsure how a lot of money the firm put in Coinbase, consistent with some other portfolio managers, QueensBridge generally invests about $100,000 to $500,000 in the organization.
Sia is a professional female artist majorly popular for the track Cheap Thrills. Conferring the strong sources, she may be accepting cryptocurrency for her upcoming indicates or albums.
This is not just Sia, and several other singers as well, along with music writers do the same thing. According to the statements of these celebrities, they are more than happy to accept cryptocurrencies as a payment method for their concerts, appearances, and album sales.
If you love NFTs, then you’ve probably already known that Deadmau5 is a big NFT fan and even released his own line of digital collectibles on the WAX blockchain.
The launch began in December of 2020 with the Series 1 Card Collection, which sold out in days. The most successful of the NFTs become an “UltraRare card with an audio-reactive mau5head layout,” which is offered for extra than $10,000.
More recently Deadmau5 released the follow-up Series 2 Card Collection. The playing cards had been designed and released in partnership with Rarez and were first of all sold for charges beginning at less than $10. All of the Deadmau5 collectibles are currently present on the AtomicHub marketplace, based totally on the WAX blockchain.
Kanye West is known for his controversial ideas that sometimes make sense. He had a lot of crazy ventures in the past and seems like he is a supporter of the crypto idea that will change traditional finance.
Ever since he appeared on the Joe Rogan podcast and expressed his feelings about the direction of cryptocurrency, the world already knew that he is big into crypto.
Conferring the declaration of Kayne in podcasts, bitcoin is the positive future; all of the greater, it is the promising manner of liberation for the population of America- he said.
We don’t know how much money he have in crypto, but, his assertion clarified that he’s conserving a massive amount of bitcoin.