Are celebrities investing in NFTs?

Celebrities with NFT investments of their own are bringing a lot of positive media attention to an emerging asset class in cryptocurrency, NFTs. From those with a crypto industry background like Dileep Seinberg, Elon Musk and Justin Kan, to fashion models Kate Moss, Paris Hilton and rapper Snoop Dogg, celebrities in NFT spaces are diverse.

Who are celebrities in NFT space?

From those with a crypto industry background like Dileep Seinberg, Elon Musk and Justin Kan, to fashion models Kate Moss, Paris Hilton and rapper Snoop Dogg, celebrities in NFT spaces are diverse. Everyone seems to be talking about NFTs (non-fungible tokens), from famous celebrities to rich investors and Hollywood actors.

Who has a craze for NFTS?

An American media figure, Paris Hilton is another celebrity who has publicly expressed her craze for NFTs. She has launched also her own line of NFTs collection in collaboration with designer Blake Kathryn.

What are NFTs and how do they work?

NFTs introduce a new monetization model that benefits both celebrities and their supporters. Artists, for example, can issue a new song or make a drawing, a unique signature, or a music video, and turn them into an NFT. Fans can purchase the NFTs, backed up by items produced by their faves, and become the only owner of its official version.