Eminem is the latest celebrity to jump into the bandwagon of investing into non fungible token (NFT). Slim Shady joins in the NFT bandwagon as he purchased about $452,000 worth of Bored Ape Yacht Club (BAYC) NFT. For those who are not familiar, BAYC NFTs are collection of 10,000 unique bored apes which are created by the Yuga Labs. The said collection has sold over half a billion dollars of sales as of this writing.
A non fungible token (NFT) is a digital asset which uses a blockchain technology to record the owners of the said digital object like images, videos or even in-game items. Though the digital assets can be viewed by the public, only those who owns them can claim that they are the official owners of such NFTs. After Eminem’s purchase of BAYC NFTs, he has changed his profile picture on Twitter as an Ethereum-based ape and he has reportedly already collected about 15 NFTs from the one of the most popular NFT marketplaces, OpenSea.
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The NFT which is dubbed as EminApe shows an ape which is dressed in a khaki army cap that has a gold chain necklace which resembles Eminem. EminApe was sold by the BAYC member GeeGazza who announced through their Twitter the sale and that it was a sale becoming a reality which is crazy in itself. The BAYC member has been trying for ages to get Eminem to buy the EminApe off him and even tweeted last November that Eminem is destined to buy the Bored Ape one day. GeeGazza added that the manifestation for Eminem to buy the Bored Ape has been a patient and long journey.
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For those who are interested to join the BAYC NFT, the minimum price of a BAYC NFT is currently at 52 Ethereum which is about $210,000. According to the website dappradar.com, Eminem currently owns about 166 NFT digital assets from the 32 collections. There are tons of famous celebrities who currently own BAYC NFT including the basketball icon Stephen Curry, the music artist Post Malone and even the famous American TV host Jimmy Fallon. Meanwhile, the founders of the famous BAYC NFT collection has announced last October that they will be launching their own Ethereum based crypto-token which will be released in the early 2022. The minimum price to buy 1 BAYC NFT is currently at 52 Ethereum which is equivalent to about $210,000.
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Sources: Fortune, Indian Express, Business Insider
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