Back to News

Eminem acquires Bored Ape Yacht Club Ethereum NFT for $450K

Twitter icon  •  Published för 2 år sedan  •  Hassan Maishera

Eminem has become the latest artist to enter the NFT space after acquiring a Bored Ape Yacht Club for $450,000.

The legendary Detroit rapper Eminem has become the latest artist to enter the NFT space after acquiring a Bored Ape Yacht Club for $450,000. Eminem bought a BAYC NFT for 123.45 ETH ($452,000) and currently has 15 NFTs so far on OpenSea under the name Shady_Holdings.

A non-fungible token (NFT) is a type of cryptographic token that represents a unique asset. NFTs are tokenized versions of digital or real-world assets. They function as verifiable proofs of authenticity and ownership within a blockchain network. NFTs are not interchangeable with each other and introduce scarcity to the digital world.

Next article Block's Pro Bitcoin Stance Reinvesting 10 Percent of Profits Into Bitcoin Monthly

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.