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The booming wave of the non-fungible token (NFT) community has snowballed into many celebrities collecting and auctioning digital tokens. In 2021, news of Black stars joining the NFT world has turned into a consistent basis now. Celebrity domination doesn’t deter from the fact that they can benefit people from all backgrounds. But let’s backtrack: What is an NFT? As previously reported by AfroTech, an NFT is a digital authentication of anything — art, images, music, etc. The foundation of NFTs is art, and then it’s put on the blockchain to maintain, track and distribute your work. As new avenues and opportunities continue to arise for content creators today, the possibilities are endless for where digital art could go. The level of creative control that NFTs offer makes the digital art business one to watch for when it comes to accumulating wealth. As previously mentioned, 2021 was a shifting year for both collecting and auctioning NFTs. Here is a list of Black celebrities who we...
Oct 28, 2021
When it comes to celebrity real estate purchases, we often hear about mega-mansions purchased by the likes of Tom Cruise and Justin Bieber. However, what about Black celebrity real estate purchases? Take AfroTech’s recent report, for example, about Byron Allen’s media empire. He’s one of the wealthiest men in the entertainment industry, and part of that wealth came from a sizable real estate empire. “His first big deal came in 2018, when he bought a nearly $23 million island retreat in Hawaii. In 2019, The Wall Street Journal reported that Allen purchased a 3,000 sq. ft. condo at 220 Central Park South, one of Manhattan’s most expensive buildings. He plopped down $26.75 million for the purchase. That same year, Variety reported that Allen paid $19.9 million for a nearly-12,000 sq. ft. mansion in Beverly Hills. And in 2020, he rounded out his real estate portfolio with a $27 million purchase in Aspen, CO, according to Fox Business,” we reported. With this in mind, we decided to take...
Oct 14, 2021