Crypto News this week with CryptoPacman, Akon, and Eminem

What is an NFT?

An NFT (Non-Fungible Token) is a digital certificate of authenticity to prove who is the sole owner of the digital asset as it is listed on the internet’s financial ledger known as the Blockchain. Any Digital asset such as an image, video, or a sound file such as a song can be added to the blockchain as an NFT.

Why should someone invest in an NFT?

NFTs are sold on online auction websites or direct buyer to seller. Twitter CEO Jack Dorsey sold his first tweet as an NFT for $2.9 million. Christie’s reputable Art auction house sold an image from an artist who goes by the name of Beeple for $69 million which is $15 million more than Monet’s painting Nymphéas sold for in 2014. It’s the latest digital financial craze that people across the world have spent millions of REAL dollars on as an investment. A comparison is like when a baseball player autographs a baseball card, It exceeds in value.

CryptoPacman

A frenzy was created when a Collection by the name of CryptoPacman announced on Saturday that they will gift each collector an iPhone 12 Pro as a giveaway with their Iconic NFTs. PAC-MAN is a cultural icon, the game’s popularity has crossed the globe for more than 40 years.

Eminem’s NFT “ShadyCon”

Eminem released a collection of NFTs called “ShadyCon by Eminem” on Sunday which immediately got sold and some received Bids up to $100,000. All collectors will also get physical prints of the artwork delivered to them.

AKON changing the Music Industry with AkoinNFT

Famous singer Akon is empowering artists by launching a Platform last week called akoinnft.io which artists can use to create NFTs for their music. He launched a Cryptocurrency last year by the name of Akoin. Akoin is fueled by an ecosystem of business tools for entrepreneurs.