NFT

Famous celebrities who have joined the crypto world in the last year

The inclusive crypto ecosystem has grow to be house to many A-list celebrities over the years, particularly fueled by the 2021 Non-Fungible Token (NFT) announcement. cryptocurrencies, celebrities proceed to assist the cryptocurrency market.

Over the previous year, celebrities have begun to discover sub-ecosystems past NFTs, in search of to diversify their presence into buying and selling, gaming and different funding avenues. With that in thoughts, this is an summary of the most well-known individuals who have entered the cryptocurrency world in the previous year and the way effectively they’re poised for the upcoming bull run.

Connor McGregor joins Tiger.Trade

UFC celebrity Connor McGregor, one in all the paid athletes, not too long ago partnered with Tiger.Trade, a cryptocurrency buying and selling app. Part of the deal entails McGregor introducing an in-house recreation that customers can play to win unique prizes.

Prior to signing on as an envoy for Tiger.Trade, McGregor’s involvement in cryptocurrency was oblique by his UFC partnership with Crypto.com, in which bonuses have been paid to fighters in cryptocurrency.

The newest launch of the recreation, regardless of being effectively acquired by followers for its graphics and rewards, has additionally been criticized for its lack of story. Unlike most high UFC fighters, McGregor has not linked his title to defunct NFT tasks and continues to maintain his cryptocurrency funding choices underneath wraps.

Eminem buys Bored Ape NFT for $460,000

Marshall Mathers, aka Eminem, is one in all the few celebrities who has made headlines for investing in NFT as an alternative of making an attempt to promote their collections. The fifteen-time Grammy winner purchased the Bored Ape ‘EminApe’ NFT for $460,000, which options the gold necklace and khaki military hat Eminem wears in actual life.

Eminem’s connection to cryptocurrency dates again to 2018, when the rapper talked about Bitcoin (BTC) on his not too long ago launched Kamikaze album. However, his subsequent buy of NFT established his curiosity in cryptocurrency investments. In June 2022, Eminem launched a Bored Ape Yacht Club (BAYC) NFT-themed music video with fellow rap legend and cryptocurrency fanatic Snoop Dogg.

While Eminem has not publicly shared an affinity for any particular crypto-asset for investments, the rapper continues to accomplice with BAYC for stay performances.

Maria Sharapova grew to become a strategic investor in Moonpay

Tennis legend Maria Sharapova together with different A-list celebrities corresponding to Gal Gadot, Bruce Willis and Justin Bieber have invested in cryptocurrency cost answer Moonpay. The firm revealed that greater than 60 public figures and celebrities from the music, sports activities, media and leisure industries have joined to speculate $87 million in Series A funding beginning in November 2021.

The funding marked Sharapova’s entry into the world of cryptocurrencies. However, the celebrity has but to disclose his crypto funding plans.

Snoop Dogg: The face of Web3 and NFT

Snoop Dogg’s place as the OG stays true in the cryptocurrency world given his proactive involvement in the house for a few years. Snoop’s first interplay with the cryptocurrency group started with him warning towards copycats promoting pretend Snoop Dogg branded tokens and NFTs.

After gaining information about the business, the rapper collaborated with numerous cryptocurrency tasks, together with crypto exchanges, Web3, gaming and NFTs, successfully catalyzing the adoption of main cryptocurrencies.

Snoop Dogg not too long ago introduced the launch of a brand new BAYC NFT-inspired restaurant in Los Angeles known as Bored and Hungry. While the hype surrounding NFTs is waning, the smoke king continues to indicate his love for the ecosystem.

Floyd Mayweather makes a crypto comeback

Legendary boxing champion Floyd Mayweather entered the crypto universe in 2018 by selling a high-profile crypto rip-off known as Centra Tech. The authorized penalties of selling unregulated cryptocurrency tasks required Mayweather and co-promoter DJ Khaled to pay fines of $600,000 and $150,000, respectively.

Learning from previous errors, Mayweather has launched a brand new NFT Mayweverse mission – a group of 5,000 NFTs. The boxer’s involvement in tasks that have attracted traders has left his followers and the basic public with combined emotions about the new cryptocurrency mission.

Matt Damon commits to philanthropy by cryptocurrency donations

Hollywood star Matt Damon has acquired $1 million in donations from the Crypto.com trade to Water.org, the clear water initiative based by Damon and Gary White in 2009. As a part of the deal, Crypto.com advisable its consumer base. the trigger

Matt Damon stars in Crypto.com business. Source: YouTube

Although Damon has not disclosed his cryptocurrency investments, his involvement in a Cypto.com advert has drawn criticism from the majority of the cryptocurrency group. Investors retaliated towards Damon’s suggestion that “Luck favors the courageous” as the bear market triggered heavy losses throughout the business.

Countering the rising development of celebrity-backed NFT tasks, shopper watchdog group Truth in Advertising (TINA.org) named 19 celebrities who promoted NFTs with out disclosing their connections to the tasks.

The nonprofit shopper safety agency has introduced plans to analyze celebrities selling “deceptive” cryptocurrency investments. The web site says:

“The sponsor typically doesn’t acknowledge the materials connection the NFT has with the firm.”

In response to letters from TINA.org selling NFT on their social media accounts with out disclosing their connection to the tasks, Justin Bieber’s authorized group responded by denying any wrongdoing. However, the group has confirmed the replace in social media posts.

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