HIP-HOP NFT's
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NFT’s have been making a lot of noise lately in the tech world. So much so they’ve even entered the Hip-Hop world. Everyone isn’t quite sold on the NFT business quite yet, but some artists have already jumped in headfirst. NFT stands for Non-Fungible Token. From what I understand it’s a unit of data that can be stored on a blockchain that certifies that piece of data to be unique.
People have been using NFT’s to make pictures, videos, and audio. They are even sites where you can auction off this data to people. As crazy and confusing as it sounds people are actually making a lot of money off of it. According to the market history on nonfungile.com, over 25,000 sales of NFT’s have been made, which’s over 30 million dollars in sales.
Jim Jones was one of the first rappers I heard of using NFTs. If your not familiar with Jim Jones and his business decisions your living under a rock. Every interview I see him in, he is trying to sell something. The last time I saw him do an interview he was talking about how he sold a picture of his chain for a thousand dollars after making it and NFT
Snoop Dogg, one of if not the most famous rappers of all time, is even getting into NFT’s. He has already debuted his collection of NFT’s. The collection is supposed to bring back memories of his early years combined with art inspired by the NFT movement.
Curren$y even released an album on 4/20 as a NFT. The album is as of now exclusively sold on a cryptocurrency platform called Bondly Finance. The Album is being auctioned off and the winner we’ll get virtual smoke session with Spitta himself. What more could you want?
All of these artists jumping into NFT’s. It does beg the question, are NFT’s here to stay or is this just a digital trend? Artist from The Weekend to Lil Baby are getting involved. I guess we’re just going to have to wait and see.
