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[SCAMEXPOSER]

Celebrities seem to be more interested in the NFTs now than cryptocurrencies Investment. Just of recent Rapper Snoop Dogg in a recent tweet reveals how he's collecting valuable NFTs, and moves to launch his own branded collectibles this spring. He is also in partnership with the creator of the popular meme, Nyan Cat. He revealed to his 19 million followers in the tweet that he's Cozomo de' Medici, a pseudonymous NFT collector with more than $17 million worth of collectibles of the blue chip Ethereum NFTs

 

[osavise]

The rate at which the celebrities are getting involved in NFT projects is increasing everyday. I need to as a question that need answered. What's the usefulness of the NFT token?

 

[SCAMEXPOSER]

The rate at which the celebrities are getting involved in NFT projects is increasing everyday. I need to as a question that need answered. What's the usefulness of the NFT token?

Personally I am also doing more research about it because it more like an art work. People with more understanding will shed more light on this.

 

[Mariappa45]

Up to now I don't know how all this NFT investors makes money out of NFT. I'm still curious to learn, I understand that NFT can be used as payment option for your products. But seeing them redeeming the money as physical cash is truly out of my understanding.

 

[GoldenLady]

The rate at which the celebrities are getting involved in NFT projects is increasing everyday. I need to as a question that need answered. What's the usefulness of the NFT token?

Its a show of power and class. Its like owning a piece of art, especially one who's price is bound to increase in the future. It makes no sense to some people like us, but some people can spend millions or even billions to get one piece.

 

[ELSA-ELI]

Up to now I don't know how all this NFT investors makes money out of NFT. I'm still curious to learn, I understand that NFT can be used as payment option for your products. But seeing them redeeming the money as physical cash is truly out of my understanding.

You create content and you monetize it by giving it value.You mint or create that NFT and you start to invest more on it then it's value continues to grow.

 

[ELSA-ELI]

I am glad that I have come up with three collectibles that I can mint into an NFT,if I find $50 I will mint one but if I find $150 I will mint all the three.One is an audio and two are scripts just one page.I will use the Binance Smart chain network to mint it or them.

 

[Chibson]

Its a show of power and class. Its like owning a piece of art, especially one who's price is bound to increase in the future. It makes no sense to some people like us, but some people can spend millions or even billions to get one piece.

Wonderful. That means it is very expensive to invest on. A lot of celebrities, millionaires and billionaires are really very much interested in nfts.

 

[Mariappa45]

You create content and you monetize it by giving it value.You mint or create that NFT and you start to invest more on it then it's value continues to grow.

Yes, that's just the way, the business goes around NFT. One can simply create a content or sell items online and accept payments using NFT.

 

[Brain]

celebrities are really enjoying the nfts marketplace as they seem to be accumulating the nfts and showcasing to fans maybe for them to replicate same. and the funny thing is that these nfts don't come cheap and some of them have their own collections too that they are putting out. So yeah the nfts marketplace is really booming as celebrities are enjoying accumulating them

 

[SCAMEXPOSER]

If NFTs eventually have a bullish market in the future , majority of the celebrities especially in the music industry will be multi Billionaires because that is where they have invested.on heavily. No doubt the sector is one of the trending one in the cryptocurrency ecosystem.

 

[alishastar]

I think it's just a start and soon almost all celebrities will sell either their music as NFT or film scenes (like it was earlier announced by Tarantino). And as a consequence it will definitely make NFT market even more popular and hyped, although I'm wondering rn whether or not the hype will wane at some point. It seems to me that at the moment many people buy NFTs because of their popularity, but don't know at all what to do with them in the future

 

[CyberPreNurse]

The fact that he is still gaining more attention from all over the world shows how much relevance crypto currencies have in the lives of all these popular individuals like Snoop Dogg who has since being off , but news like this would get him some attention.

 

[cmoneyspinner]

The rate at which the celebrities are getting involved in NFT projects is increasing everyday. I need to as a question that need answered. What's the usefulness of the NFT token?

Snoop Dogg is not a celebrity that I follow, so I am not keen on any type of investment he might make. But there are ao many celebrities getting in on the NFT craze and I get their reasons why. NFTs "give artists a new way to monetize their work and can also hold value as investment pieces". It's a way to make more money AND it's LEGIT!! If I were a celebrity, I would want a piece of that pie!

 

[SCAMEXPOSER]

It's smart and he is making people know that fact because now people will want it if he decided to auction his collection. I don't understand it but rich people just buys nfts and idk. Why? Maybe they just like the art or where did they display it? None of them i have seen that used it as their profile picture ever maybe some did but for how long. I would never buy something to use as a profile picture ever. Maybe it's also their way of showing off their wealth? Maybe.

Personally I believe NFTs are surviving more on Hyping by celebrities though there are some that are worth it considering thr technology and innovations behind it. Some of them buy them as a store of value with the intention that the value could rise anytime soon.