- Upon that OpenSea global market, Eminem owns at least 15 additional NFTs.
- Inside the BAYC club, Eminem joins Stephen Curry and Jimmy Fallon.
- This NFT initiative for the Bored Ape Yacht Club is the second largest on OpenSea.
Eminem, among the most successful musicians and composers and the only rapper to win both an Academy Award and a Golden Globe Award for Best Original Song, has joined the Bored Ape Yacht Club (BAYC) with his first ape buy of 123.45 Ether (approximately Rs. 3.36 crore). The musician, who has won many American Music Awards and 15 Grammys, has made the Cryptocurrency monkey its Twitter profile photo and is said to have amassed at least 20 – 25 non-fungible currencies (NFTs) on more prominent NFT exchange OpenSea.
This “EminApe” design depicts Eminem’s iconic Tired Monkey image with a yellow army cap and a gold chain necklace, both of which the singer frequently wears in everyday life. GeeGazza, a BAYC member, sold the digital artwork. Later, GeeGazza came to Twitter to say that perhaps the deal becoming a reality is “crazy.” He went on to say, “I’m living in a simulation.” For months, the BAYC member has been attempting to persuade Eminem to purchase “EminApe” from himself. “I still think Eminem is meant to acquire my Bored Ape one day,” GeeGazza tweeted in November.
“We do not even comprehend what often I’ve had visualizing that Eminem buys my monkey,” he added. Nevertheless, a marketing firm called Six has claimed credit for the transaction, as originally reported by Decode, however that’s far from Eminem’s first excursion with NFTs. This musician has 166 NFTs from 32 categories, according to Dappradar.
In April 2021, Eminem launched his first batch of NFTs through Nifty Gateway. So the total amount raised was slightly shy of $1.8 million (roughly Rs. 13.38 crore). Digital action figures, characters from classic Eminem songs, Mathers’ original musical tracks, and rare tangible goods were among the exhibits.
In the year and, the NFT space has attracted a slew of musicians, with BAYC and Mutant Ape Yacht Club (MAYC) NFTs topping the popularity charts, but Eminem is perhaps the biggest name to join the revolution thus far.
The rapper had joined the second-largest NFT project on OpenSea by volume, alongside NBA player Stephen Curry and chat show personality Jimmy Fallon, featuring his own monkey.
MAYC’s seven-day share price of $93.02 million (approximately Rs. 692.86 crore) was over 93.41 percent on the day after news of Eminem’s new ape purchase went out, while BAYC’s weekly volume of $78.26 million (about Rs. 581.81 crores) was up 150.97 percentage.
Surprisingly, a BAYC NFT may be purchased for as little as 52 Ethereum, or about $210,000. The rapper has 166 NFT items across 32 categories, thus according to dappradar.com analytics.
Similarly, BAYC, company proprietors of the well-known NFT collection, revealed on Twitter in October that the business would introduce its very own Cryptocurrency symmetric encryption in early 2022. It must be mentioned that the minimum price of a BAYC NFT is 52 Ethereum, which is almost $210,000.