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Remember when rapper Mike Jones had everyone singing, “Back then they didn’t want me. Now I’m hot; they all on me?” If there were a reverse meaning to this lyric in object form, it would be the popularity of NFT collections. Several months ago, non-fungible tokens (NFT) were all the rave. Almost every week, there was an announcement about a different influencer or organization turning their product or experience into an NFT. And while some financial experts predicted the depreciation of some NFTs, many didn’t think they would plummet in value as quickly as they did.
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)