Well, by now, we are all accustomed to the ties that interlace Hollywood with the cryptocurrency industry. I mean, we all know about it. A big part of the “job” of being a celebrity is, in fact, to influence the public and to ultimately “sell” the “dream.” The connection between the prominent and powerful of the world, the general public, social media, and financial products or services are strong and everlasting. Whether we’re talking about tangible commodities or abstract fantasies, there’s always something to sell, there’s always someone willing to sell it, and there’s always someone interested in buying it.
So let’s dive straight into it. Who’s selling what, where, and most importantly, to whom?
Well, Cryptocurrency has been a “thing” in Hollywood for quite some time now, with celebrities swearing by their digital currency and Web.3 investments. Kanye West and Snoop Dogg are, of course, leading the “pack” with their efforts and full involvement in the NFT and Metaverse sectors.
Snoop Dogg
Rapper, actor, and businessman (who, as reported by CNN , has just dropped his very own brand of breakfast cereal – Snoop Loopz) is a real crypto-aficionado. What am I saying, the man is literally building a crypto-empire with his NFT collections and his strive to support young, emerging artists through digital currency. NFTs, or non-fungible tokens, are one-of-a-kind blockchain tokens that can represent ownership of a digital or physical asset, usually in the form of a unique art piece.
The “Drop it Like it’s Hot” singer has recently talked about what’s happening in the crypto markets lately and how he feels that the cryptocurrency winter “may actually do the industry some good in the long run.”
The artist went on to state that he believes crypto is a “beautiful industry” with plenty of potential and plenty of opportunities too. He added that he personally feels that the industry’s temporary swinging position is not here to stay, “there is always a depression in every industry,” he says, comparing the current downfall of the crypto markets to those of alcohol, tobacco, fashion, and even food.
The statement comes just after major news broke out about: One, is that the world’s main record label companies, Universal, Warner Music Group, and Sony Music, have all investigated the possibility of employing NFT technology in the near future, which would in return, attract even more artists to join the cause.
Two, after partnering with Bored Ape (and creating its very own Taco Truck business – Bored Taco ), Snoop might be thinking of partnering with yet another animal-themed project. Dogs? Nah, Cats!
The Starsky & Hutch actor is allegedly in talks with the developers of Big Eyes for the creation of a “top-secret” project involving unique NFTs which will stimulate and benefit young, emerging artists.
Kanye West
Another talented artist, rapper, and businessman. Kanye West (who has recently been spotted out with a “ mystery brunette ”), famous for his Yeezy lifestyle brand and of course, his relationship with modern-day starlet Kim Kardashian (formerly Kim Kardashian West), is not new to making “shocking” claims.
This time, the 21-time Grammy winner has spoken in favour of cryptocurrency, saying that the “True Liberation of America” ( Forbes ) might actually come from Bitcoin (BTC) and the cryptocurrency industry at large. Well that’s a bold claim, Kanye! But could he have spoken some truth there?
(Kanye on the Joe Rogan Podcast)
In the age of the digital, having the opportunity to create “self-wealth” through decentralised finance (DeFi) and consequently eliminating the need for intermediaries (such as banks) has been a blessing for many, celebrities included.
Any, (or almost any) crypto projects hold the space and the freedom to generate passive income for their users in a convenient and straightforward way. For the most part, the DeFi protocol works as follows: You get to stake your “magic” token to earn yield in digital currency that you may then trade on margin for derivatives of even more digital tokens. In a sense, this process constitutes a remarkable accomplishment for our society – as a (now) large sector of the economy, we have finally developed a distinct financial system that is, for the most part, functioning, (very) profitable, and also almost entirely disconnected from the physical world.
The Billionaire and (controversial) MAGA supporter, after having had some concerns about NFTs (non-fungible-tokens) bidding them volatile “objects” with no foundations or intrinsic purpose in the “real world,” has turned around. He has now warmed up to the idea of having his own NFT collections, following in […]
source Are Bitcoin Lovers Kanye West and Snoop Dogg Next to Endorse Big Eyes over Dogecoin?
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