Every one of us has a favorite celebrity. We keep track of who’s hot right now and who’ll be hot in the future! Some of our favorite celebs also follow NFT Market. And don’t we all know what’s hot these days?

Yes, I’m referring to NFTs. Celebrities promoting the NFT market from all over the world. They are investing in blockchain technology, from actors to athletes and anchors to kickboxers. But, putting the glitzy aspect aside, why do you believe they’re doing it? Money? Trend? Fame?

Where Did NFT’s Come From? The History of NFTs

Let’s have a look at the reasons for celebrities promoting the NFT market

According to DappRadar, the global NFT sales volume surpassed $10.7 billion in the first quarter of this year. That’s an 8-fold increase over the previous quarter’s volume. The three main reasons why are celebrities promoting the NFT market are listed below.

Profitability

Yes. It’s straightforward. Don’t you want to put your money on items that will provide you with a good return? You, of course, do! Celebs, too, share this sentiment. Investing in NFTs and NFT Markets has recently proven to be among the most rewarding solutions. Because of the one-of-a-kind nature of these tokens, the rarer the NFT, the better the odds of profit.

Fame

This is a hard situation. You might be wondering how advertising something might help you become famous. In order to begin with, celebrities are “already” well-known. Second, NFTs are gaining popularity. We’re willing to guess that ten out of every fifteen people you contact on a daily basis are aware of NFTs in some way. With the rapid growth and popularity of NFT Markets around the world, it’s inevitable that people will learn about NFTs and the celebrities that promote them, and vice versa.

Ownership

The best thing about NFTs is definitely this. The information about the digital asset is saved in the form of smart contracts thanks to blockchain technology. As long as blockchains exist, celebrities promoting the NFT market can transform their works of art, creations, and valuables into NFTs and claim ownership. Their tokens will always be linked to their identities. No one can copy or claim possession of the tokens.

Five well-known celebrities who enjoy NFTs

Look at the top five celebs who have released their own NFT collectibles. Please accept our apologies, but we’ll be highlighting some of our personal favorites here. Please, no venom.

Paris Hilton is a well-known celebrity.

Paris Hilton has always been a trendsetter and influencer, and she has carried that reputation into the cryptosphere. Hilton collaborated with Blake Kathryn on three one-of-a-kinds NFT collectibles: “Legend of Love,” “Hummingbird in My Metaverse,” and “Iconic Crypto Queen.” She was able to sell all three of these works for more than a million dollars. When asked why she is so obsessed with NFTs, she replies it has always been her ambition to democratize art and invest in the digital realm.

So excited about @EY3K0N‘s #NFTProject that is creating a buzz with collectors ✨ All the beautiful artwork deserve a place on every #NFT collector’s wall! Don’t miss it – Mint NOW 🚀

Thank you @EY3K0N for this #ICONIC honorary avatar! #ThatsHot 🔥 pic.twitter.com/bTSFfH53UC

— ParisHilton.eth (@ParisHilton) June 7, 2022

Grimes

Due to her love of experimental and synth-pop, alien-type cosmetics, and otherworldly arts, the famous musician Grimes has always been the center of attention. Grimes took advantage of the NFT’s potential future and sold ten digital art pieces as NFTs. She made a $6 million profit within 20 minutes of her sale being live. “Death of the Old” was the most expensive piece of art sold, fetching $389,000.

Snoop Dogg

NFTs and DOGG! by Snoop Dogg. Snoop Dogg, a veteran of the west coast rap scene, has released his NFT compilation “A Journey with the Dogg.” He has eight distinct NFTs in his collection, including the original tracks “Snoop Doge Coins,” “NFT,” “Deez Nuts,” and “Diamond Joint.” Dogg has seen technology’s benefits and has always believed in progress. Snoop is excited to learn more about the potential of NFT Markets and blockchain technology.

👀 Who’s the coolest rapper alive? It’s gotta be Snoop Dogg! @SnoopDogg 👑#NFT #NFTCommunity #NFTs #nftcollector #nftart #NFTcollectibles #NFTdrop #cryptocurrency #cryptopunks #Ethereum #cryptoart #artoftheday #bitcoin pic.twitter.com/DNyzOeg3Qn

— Octo Celebrities (@octocelebrities) June 10, 2022

Jack Dorsey is a Twitter CEO.

Yes, CEOs may pass for celebrities promoting the NFT market as well. The CEO of Twitter sold his first-ever tweet, “just setting up my Twitter,” as an NFT for a stunning $ 2.9 million. According to Noble Jack Dorsey, the proceeds will be turned into bitcoin and sent to GiveDirectly, a poverty relief organization.

Shawn Mendes is a singer and songwriter from Los Angeles.

Following the success of the Mesut Zil line (which grossed over $500,000), vocalist Shawn Mendes has teamed up with OpenSea to provide wearables in collaboration with Genies. These NFTs won Mendes nearly $600,000 in the form of virtual guitars, necklaces, jackets, and earrings. Shawn Mendes Foundation Wonder Grants, an NGO that assists young activists with their innovative ideas, received a portion of the singer’s earnings.

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Music #NFT platform is expected to bring long-term advantages to artists, including musicians, especially those who are still struggling against the status quo from their respective streaming platforms.#crypto #nftmusic #torylanez #shawnmendes #jarule #deadmau5 #3lau pic.twitter.com/4uPd5M585a

— Gathering Crypto Place (@gatheringcrypto) June 10, 2022

Eminem, Ellen DeGeneres, Tony Hawk, Kate Moss, and a slew of other celebrities have embraced the NFT craze. As a result of this recognition, various NFT Markets and Marketplaces have sprouted up all over the world.

Also, read – What are Crypto Collectibles in the world of NFTs?

Conclusion

Experts believe that this is only the beginning. We’re getting closer to our long-awaited dream of a metaverse reality, one step at a time. We are certain that the future of humanity lies in going completely cashless and that everyone, from celebrities to commoners, should embrace digitization. The NFT Market is a goldmine for investors, and we strongly advise you to join this struggle for your own advantage.