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Celebrities have been vocal about their commitment to their digital currency and Web3 investments, which has contributed to cryptocurrency’s rise to prominence in the entertainment industry.
Kanye West and Snoop Dogg are, without a doubt, at the front of this movement thanks to the extent of their work and involvement in the NFT and Metaverse industries.
It is common knowledge at this point that there is a connection between the crypto world and Hollywood. In point of fact, one of the primary responsibilities of a celebrity is to exert influence over the general public and, eventually, to sell the dream.
Your Capital is at Risk.
Strong and eternal ties bind the world’s notable and influential figures to the general population, social media, and whatever financial goods or services may be on offer.
There will always be something to sell, there will always be someone wanting to sell it, and there will always be someone interested in buying it. This is true regardless of whether we are talking about actual goods or just imaginative concepts.
Snoop Dogg’s Keen Interest in Cryptocurrencies and NFT’s
Hip-hop artist, actor, and entrepreneur. Snoop Dogg is a true crypto enthusiast who is practically establishing a crypto-empire via his efforts to assist new and up-and-coming musicians through the use of digital currency. He has a collection of NFTs, which he uses to buy and sell cryptocurrencies.
Non-fungible tokens, also known as NFTs, are one-of-a-kind blockchain tokens that may be used to represent ownership of a digital or physical commodity. These tokens typically take the shape of one-of-a-kind works of art.
The musician who has won several awards has recently shared his thoughts on the current state of the cryptocurrency markets and how he believes that the current cryptocurrency winter may actually prove to be beneficial to the sector in the long term.
The musician continued by saying that he thinks the cryptocurrency sector is a wonderful industry that has plenty of potential as well as plenty of prospects as well.
He went on to say that he personally believes that the industry’s current temporary swinging position is not here to stay and that he believes that there is always a depression in every industry, even when you compare the current downfall of the crypto markets to those of fashion, food, alcohol and tobacco.
He said that he personally feels that the industry’s temporary swinging position is not here to stay and that he believes that there is always a depression in every industry.
Regarding his purchases, Snoop Dogg hasn’t shown any keen interest in LBlock, Tamadoge or IBAT as there is no information regarding the same, but with the potential growth of these tokens and especially, Lucky Block witnessing a rise of 200%, we might see him taking action.
Major Record Labels Have a Keen Interest in NFT Too
The three largest record label companies in the world—Universal, Warner Music Group, and Sony Music—have all conducted research into the prospect of implementing NFT technology in the not-too-distant future. If this were to take place, it would encourage even more musicians to participate in the movement.
Snoop continues by saying that following his collaboration with Bored Ape, which resulted in the creation of its very own Taco Truck Company known as Bored Taco, he is now considering the possibility of collaborating on another animal-themed initiative (relating to cats).
Kanye West Firmly Believes In Cryptocurrencies
Kanye West, a musician, rapper, and businessman who has won a Grammy award, has made the startling assertion that the “True Liberation of America” may actually come from Bitcoin (BTC) and the cryptocurrency sector in general. West is the recipient of eight Grammy awards.
Many people, including celebrities, have found that the advent of decentralized finance (DeFi) and the subsequent elimination of the need for intermediaries (such as banks) has been a blessing in this age of the digital. DeFi gives individuals the opportunity to build their own wealth through a decentralized financial system.
Even with Kanye, there is no proper information regarding his interest in LBlock, Tamadoge or IBAT, but he has been on an aggressive shopping spree of upcoming cryptos and is not expected to ignore the tokens with the highest potential growth right now.
Your Capital is at Risk.
Rooting For DeFi
The space and the freedom for crypto companies to create passive revenue for their consumer in a way that is both accessible and straightforward is available to them.
The DeFi protocol functions properly for the most part when you are given the opportunity to stake your “magic” token in order to earn yield in digital currency.
This yield allows you to buy derivatives of even more digital tokens via margin trading. As a significant part of the economy, the way in which this process is carried out is a wonderful achievement for our society as a whole.
There is at long last an independent monetary system that is, for the most part, operating, lucrative, and nearly wholly divorced from the real world.
After expressing some reservations about NFTs (non-fungible tokens), the billionaire and backer of MAGA has come around to the idea that cryptocurrencies should not be seen as volatile “things” that have no roots or fundamental meaning in the society we live in.
Following in the footsteps of fellow rapper Snoop Dogg, he is currently warming up to the notion of having his own NFT collections.
Kanye West Minting His Own NFT’s
Kanye West may be getting ready to mint his very own NFTs, as evidenced by the fact that more than 15 new trademark cases have been lodged surrounding the rapper’s alter-ego, “Yeezus.”
These rumors are based on the fact that “Ye” is now investigating blockchain-based non-fungible assets, currencies, and tokens in an effort to perhaps create an online retail store in the Metaverse that would sell things from his Yeezy fashion brand in addition to digital art.
Other Celebrities Join the Force
In the expedition to promote cryptocurrencies, in addition to the two individuals listed above, other highly significant names have been brought up.
For example, artist and socialite Paris Hilton has made non-fungible tokens (NFTs) immensely popular by releasing on the market a series of iconic digital art pieces that have been sold for millions of dollars each.
The heiress to the Hilton Hotels company has praised the sector on several occasions for the ways in which it has contributed to the democratization of art and the empowerment of women.
Matt Damon, winner of an Academy Award, is another celebrity who has stated his unwavering support for the Bitcoin business.
Damon has been spreading the message over the past few months that “Fortune Favors the Brave” and that anyone who wants to create passive income should make investing in digital currency a top priority in order to maximize their potential returns.
Kate Moss, the British supermodel, fashion icon, and entrepreneur, has been successful thanks in part to her usage of cryptocurrencies. She created a video of herself sleeping in bed, titled it “Sleep with Kate,” and distributed it as a non-fungible token.
The token ultimately fetched a price of over $17,000 when it was put up for sale. She participated in the trend of non-fungible tokens (NFTs) by presenting something wholly original. The charitable organization known as “Girls Talk” was the recipient of the entirety of the money.
Kim Kardashian, the entrepreneur Elon Musk, Bella Hadid, Eminem, and Ellen DeGeneres are just a few of the other renowned personalities that are active in the Bitcoin industry.
Is Kanye West Still Investing in Crypto?
There is a potential that well-known figures, such as Kanye West and Snoop Dogg, are sponsoring Big Eyes. However, you might be wondering what exactly Big Eyes is.
The newest meme coin and NFT-based cryptocurrency is called Big Eyes, and its slogan is “certified cuteness.”
The Big Eyes (BIG) cryptocurrency has reached its full potential as the meme coin with a relatively impressive in the cryptocurrency industry.
It has been asserted that the developers of Big Eyes, which depicts a cute ginger kitten with sparkly eyes, have been working on the project with the intention of making it a viable alternative to the popular Shiba-inspired meme currency that is already available on the market known as Dogecoin.
Rappers such as Kanye West and Snoop Dogg, who have long been interested in creating community relations and supporting the younger generations, are contemplating becoming engaged in the Big Eyes ecosystem and the efforts being made by the organization.
On the face of it, it seems as a very reliable choice but the team concerned with Big Eyes has been very anonymous. This might ring a bell in some people’s head but it’s a good potential investment.
Overall, celebrities like associating with projects that come with sound fundamentals. Going by the record breaking presale and high utility level, we predict celebrities such as Kanye West and others may be interested to invest in LBlock, Tamadoge or IBAT. It is yet to be seen but for now you can read more about them.
Read More
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- Popular Celebrities Have Invested in These NFTs
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