Day after day, reports about stars buying NFTs increase. If you’re wondering what motivates them to enter this market or you want to know which famous people have bought tokens, this article is for you.
The NFT market continues to grow, despite some people daring to predict that it would be something temporary.
In this article we will tell you the reason why more and more celebrities are buying NFTs. In addition, we will take a look at the names of the stars who have joined the non-fungible token club. Let’s start!
Why do celebrities buy NFTs?
Celebrities buy NFTs for different reasons; for example, the association with a specific cause, or also for reasons of status and reputation. But before entering into the matter, let’s quickly review what a non-fungible token is.
The first thing that is important to mention is that an NFT, or non-fungible token, is a secure record developed on the blockchain. It is precisely this technology that allows any file, image, video, etc. to be minted as an NFT.
Blockchain also gives that unique character to the token, equivalent to an original Van Gogh, so the owner acquires a digital asset with a special value that is established by the prestige of the author, or the amount of elements of the collection, for example.
In addition, thanks to blockchain, that NFT becomes something commercializable and all the information is stored in the chain, from the creator’s data, passing through the succession of owners, and even the value of the token itself.
No doubt, exclusivity is one of the reasons why a famous person buys an NFT. Since the first tweet was sold, the universe of tokens has grown like foam, especially within an elite that goes from Silicon Valley to Hollywood.
In this context, it is not surprising that more and more famous people are added to the list of NFT buyers every day, and even start creating and commercializing their own creations from the ownership of their art: a song, a movie, a photograph, etc.
Within the wide NFT spectrum, there are also some tokens that seek to make a cause visible, and there are no shortage of celebrities who support these initiatives.
The list of celebrities and NFT owners has options for all tastes, from musicians and athletes, to actors, actresses and artists in general. Join us on this tour of stars who bought NFTs.
What celebrities bought NFTs and which one did they buy?
Born as Timothy Zachery Mosley, the producer, rapper and songwriter leads the list of famous people with NFTs. He has music as his great passion, but also a great interest in the NFT universe.
He is the owner of one of the Bored Ape Yacht Club’s (BAYC) exclusive bored apes. Timbaland bought Bored Ape #590 for 74.69 ETH, an amount that is around $200,000.
The Canadian singer may be the most popular name on this list, but he is also undoubtedly the most famous investor in the NFT universe. He has a very important list that totals more than 2,000 tokens, among which is the purchase of Alien Fren #8591 for which he paid 2 ETH and immediately its value went to 3 ETH.
Justin has invested in numerous and important projects, such as Clone X, MAYC, World of Women, Doodles and, of course, the famous BAYC.
The rapper is another enthusiastic figure in the NFTs market. Member of the Bored Ape club, he has also invested in Clone X and Mutan Apes (MAYC).
In 2021, he surprised everyone with his first collection of tokens, which he called “A Journey with the Dogg”. It was a limited edition of NFTs that earned him more than 100 million dollars in profits.
He is another representative of the music industry who has gained great prestige within the world of NFT collectors.
For years he moved within this market anonymously, until one day he changed his profile picture on Twitter by placing a CryptoPunk. In 2021, he added a Kaiju Kingz to his NFT wallet, valued at more than 1 million dollars.
He bought token #1680, one of the 3333 NFTs from the collection, for 5.88 ETH, around 17 thousand dollars.
The supermodel has entered the NFTs market with the purchase of a CryptoPunk. She is the owner of token #3653, which she purchased for 80 ETH, an amount around $280,000.
The well-known music producer and DJ is also a great enthusiast of NFTs. He has not limited himself to collecting, but has also experimented with offering his own tokens.
In 2021, he bought his first NFT CloneX for 13.95 ETH, equivalent to over $42,000. The rarity of this token includes a hat with octopus tentacles.
The DJ’s collection consists of more than 200 NFTs from BAYC, VeeFriends, Doodles and others.
Pransky is a very important reference in the NFTs market, even though nobody knows his identity. He became a celebrity for the large number of tokens he has in his wallet.
Pranksy has the largest NFT collection in the world, with an amount around 35 thousand tokens from projects like Decentraland, SuperRare, CryptoKitties and WomenRise.
LilBaby is another name that sounds strong both in music and in the NFT universe. He became the famous owner of a Bored Ape he bought for 37.99 ETH, which are equivalent to around 170 thousand dollars.
In addition to belonging to the BAYC club, he has invested in Crypto Cannabis Club, DeadFellaz, Little Lemon Fiends and Doodles.
Logan Paul is a celebrity in the content creator world, but also in the NFT market. With over 23 million subscribers, the YouTuber is famous for his wallet of tokens, whose value amounts to 3 million dollars.
Famous actress and producer bought a World of Women token for a value of 2.8 ETH, about 9 thousand dollars. This collection was created by Yam Karaki with the hope that participation in the NFT market will be more equitable.
Most of the NFT buyers are men, a little over 80% of the sales. That is why the 108 tokens of World of Women want to make this visible and become a flag of this cause.
He is the former CEO of Twitter and Square, and closes this list for three fundamental reasons. He turned the first tweet in history, published in 2006, which said “I just set up my twttr”, into a NFT. He auctioned it off for 2.9 million dollars.
With this, the world saw that almost anything can be tokenized and turned into a NFT. The second thing he showed is that within the crypto market, practically anyone can become famous: the news of the auction went around the world.