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Trends come, and trends go. As artificial intelligence (AI) and virtual reality (VR) have been getting all of the attention lately, technology such as non-fungible tokens (NFTs) has simmered down. Now, Kevin Hart is one of many who have experienced one of the pitfalls that come with blockchain technology. In January 2022, the actor and comedian reportedly bought a Bored Ape Yacht Club non-fungible token (NFT) for 79.5 ETH or $200,401 in a deal facilitated by MoonPay, a cryptocurrency marketplace, as previously shared by AFROTECH™. The reported purchase was at a time when numerous celebrities such as Hip Hop artist Snoop Dogg and NBA player Stephen Curry were securing the once popular company’s digital tokens. Hart reportedly sold his NFT on March 25, 2024, for 13.65 ETH, which equates to $47,000 — significantly less than his original purchase of over $200,000 — per ZyCrypto. The outlet described the reported sale as an “81% discount.” Canadian singer Justin Bieber faced a similar...
There is no one quite like Usher Raymond IV (Sorry, but we don’t make the rules). And while music may be embedded in Usher’s DNA, he wants the world to know that he has also always been about his business, man. In fact, the superstar revealed that no matter where life takes him, he will always find a way to create music.
Playing the role of mentor and big bro might’ve just laced Usher’s pockets in a huge way. The R&B superstar’s shares in RBMG, the music label responsible for signing Justin Bieber in 2008, were just acquired by HarbourView for an estimated $40 million, Billboard reports. At this time, the company says it is “focused on niche markets and esoteric investment opportunities in the media and entertainment space.” View this post on Instagram A post shared by Usher (@usher)
In MoonPay’s recent funding round, celebrities from the worlds of music, sports, and entertainment backed the crypto firm with hefty investments. According to Independent, 60 stars including rappers Snoop Dogg and Drake participated in a whopping $87 million raise for the Miami-based firm. Fellow investors also included Justin Bieber, Jason Derulo, Questlove, Gwyneth Paltrow, and more. The announcement follows MoonPay’s $555 million round — bringing its valuation to $3.4 billion. The outlet discloses that many of celebrities involved already had familiarity with cryptocurrency. “Hollywood is using smart contracts and blockchain technology to assert their creative intellectual property rights,” said Ivan Soto-Wright, CEO and co-founder of MoonPay, according to Independent. He added: “Major global sports franchises have used digital tokens and NFT collectibles to transform fan engagement. And recording artists are beginning to explore how NFTs can give them more control over royalty...