The first-ever cryptocurrency coins as released in 2009. Back then, nobody knew what it was and how beneficial it was. It took Bitcoin 3 years to reach $1. Still, long after that, the price fluctuated because people were still unaware of how this digital currency system actually worked. When developers started making new coins, crypto news started spreading. The first investors were mostly entrepreneurs and wealthy businessmen. But, the main aim of cryptocurrency was to be accessible to everyone. Then, people started to spread knowledge about digital currency and how beneficial it can be.
Cryptocurrency platforms started educating people because fake teachers were abundant. People became more drawn towards cryptocurrency when they learned how it saves them from the shackles of organizations like the bank. They could trade money independently by running mining rigs or using online platforms like crypto-engines.com.
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Cryptocurrency’s main source of recognition is and always will be social media platforms and their influencers. Many crypto companies endorsed these celebrities into investing their coins or using their platforms. Then those ads would be seen by their followers, and people became more and more interested in this digital currency. Many celebrities spent millions on crypto and NFTs, which makes people question themselves, why don’t they invest in this currency? Elon Musk is the main reason Bitcoin reached its peak value and drastically fell. Many more celebrities helped in growing all the digital currencies, and we will learn about them in this article.
Eminem Invested a Whopping $460,000 in BAYC Art
Marshall Mathers, whose nom de plume is Eminem, is one of the few famous people who choose to purchase an NFT collection rather than sell his own. The fifteen-time Grammy-winning singer bought a Bored Ape Yacht Club NFT for $460,000. The NFT character wears a khaki army cap and a gold necklace chain which is similar to what the rapper wears in real life. Eminem’s interest in crypto goes back to the year 2018 when the singer mentioned the name “Bitcoin” in his then-newly released album Kamikaze. A similar NFT purchase relinquished his interest in the digital currency.
Snoop Dogg Becomes the Main Representative of Web 3 and NFTs
Snoop Dogg has been involved with crypto before it was even famous (we’re talking about the popularity of crypto, not Snoop Dogg). His first encounter with digital currency enthusiasts wasn’t a good one. It was more of a warning than an appreciation of the currency. He warned the crypto community, mostly the marketing impersonators, to stop making and selling Snoop Dog branded non-fungible tokens. After learning more about digital currency and the platform, the rapper made collaborations with various crypto projects. Most of them included cryptocurrency exchange marketplaces, Web 3, gaming, and NFTs. Snoop Dogg recently launched a restaurant whose name is inspired by BAYC art. It is called the Bored and Hungry restaurant, and many people are praising the rapper for being comfortable with the crypto community.
Philanthropy Through Crypto – Matt Damon’s Unique Contribution to the Community
The Hollywood superstar Matt Damon received a whopping $1 million from the reputed cryptocurrency exchange crypto.com for water.org, which is a clean water initiative founded by Gary White and Matt Damon in 2009. As a part of their deal, the crypto.com platform asked its users to donate to the charitable cause. Damon hasn’t opened up about the crypto reserves this crypto donation caused a massive fiasco for him. Investors spoke up against Matt Damon’s commercial tagline “fortunes favors the brave” because his campaign led to a massive change in the crypto marketplace.
Ending Statement
Cryptocurrency is for the people, but the NFT marketplace is mostly for celebrities, who make their own tokens and sell them for huge prices. People buy them to avoid the feeling of missing out. Some don’t because they know they will be doing a massive gamble. If you have a celebrity that you deeply follow, that’s great. But don’t base your trading strategies on what they say because they are super rich and will recover from their loss. But it will become a tedious task for you. So, always do a background check before investing in any cryptocurrency.
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