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Non-fungible tokens

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A New Study Says '95% Of People Holding NFT Collections Are Currently Holding Onto Worthless Investments'

2021 to 2022 was a time when the trend of non-fungible tokens (NFTs) was booming. Celebrities such as Stephen Curry were purchasing NFTs for hundreds of thousands of dollars. In addition, a whopping number of people were launching their own exclusive collections and even creating their own cryptocurrency.

Ngozi Nwanji

Sep 22, 2023

Kanye West Doesn't Have Current Plans For The Metaverse And NFTs — 'For Now I'm Not On That Wave'

The Metaverse will not be seeing global superstar Kanye West, or at least not anytime soon. West took to Instagram Monday (Jan. 31) to share with over 10 million followers that he will not be endorsing non-fungible tokens (NFTs) at this time. Instead, Kanye West will continue to place his focus on his products, the “real world,” “real food,” “real clothes,” and “real shelter.” “STOP ASKING ME TO DO NFT’s I’M NOT FINNA CO-SIGN … FOR NOW I’M NOT ON THAT WAVE I MAKE MUSIC AND PRODUCTS IN THE REAL WORLD,” West wrote on Instagram. At the end of West’s note, he adds “ASK ME LATER.” So, perhaps the crypto world may gain a notable endorser in the near future.

Samantha Dorisca

Feb 1, 2022

22-Year-Old Becomes A Millionaire After Turning Selfies Into NFTs — 'I Was Thinking It Might Be Funny'

A 22-year-old just became a millionaire by taking selfies. Sultan Gustaf Al Ghozali is clearly starting his year off right. A simple experiment to recreate a time-lapse of selfies over the course of five years led the Indonesian computer science student to become a millionaire, and he can thank non-fungible tokens (NFTs). Surprisingly, the accidental millionaire only ventured into the crypto world because “it might be funny,” according to The Independent. Sultan Gustaf Al Ghozali turned 1,000 selfies, captured from in front of his computer between 2017-2021, into NFTs priced at 0.00001 ETH ($3) on Jan. 10, 2022. “Uploading my photo into nft lol ,” Ghozali wrote on Twitter. Uploading my photo into nft lol #NFT #opensea — Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022

Samantha Dorisca

Jan 20, 2022

Naomi Osaka To Release NFT Collection Designed By Her Sister Mari Osaka

Naomi Osaka will be dropping heat in the form of a new NFT, but this time she will be accompanied by her sister Mari Osaka, who is the mastermind behind the digital artwork. The tennis champion has returned yet again with another NFT collection titled “ Resolve: The Naomi Osaka Manga Collection” in partnership with Autograph. According to the collection’s digital gallery, the narrative art transports Naomi Osaka into an Alice-In-Wonderland-themed world. Here Naomi will face various challenges and encounter five characters who “represent parts of Naomi’s strengths and resolve to excel in the sport of tennis.” In a recent Instagram post, Naomi highlights the importance of Yōsei, a fairy character who is an ode to a reassuring moment during the 2021 Australian open. “My upcoming digital Manga Collection, drawn by my sister , comes out January 20 on . 🦋 This is Yōsei, the fairy. My sister calls her my guide, almost like my angel. Those were the words that came...

Samantha Dorisca

Jan 18, 2022

Ja Rule Puts A New Twist On Holiday Giving As He Plans To Gift Kids With NFTs

‘Tis the szn to gift NFTs? The answer to that question is “yes” for rapper Ja Rule, who has decided to step away from the norm and adopt a new tradition this holiday by gifting his children non-fungible tokens (NFTs). “The kids are big now… I like to give them stuff that [is] more meaningful now in the financial world, and in the investment world… so I probably will give them some cool NFTs this Christmas and get them into the art world,” Ja Rule told Page Six. Ja Rule — who has three children with Aisha Murray — thinks the gesture will be worth it in the long term since the NFT space continues to take off. “I want to get my kids into the NFT space,” Rule said, according to the outlet. “I think I want to do that for them this Christmas ’cause it’s cool and different. It is an investment, stuff that they can have to watch and grow with them as they are getting older because it’s gonna be a great investment.” Ja Rule celebrated his first Christmas around the age of 12, according to...

Samantha Dorisca

Dec 20, 2021

Here's The Rundown On How To Mint Your First NFT From Black Tech Green Money's Will Lucas

Two days ago, I minted my first NFT. I’ve been increasingly enamored with the idea of both, collecting digital art, and the concept and implications of smart contracts over this past year. After doing a ton of research over the last couple of months, I decided I wasn’t going to really learn by sitting on the sidelines, I needed to get in. Either I was going to buy some NFTs, or I was going to make some. I could even do both! What kept me apprehensive about buying NFTs was the hype surrounding some of the ones we’ve all probably heard of, CryptoPunks and Bored Ape Yacht Club . While learning, I found it difficult to decipher signal from noise as I both explored what I wanted to invest in, and learned how to actually buy something I wanted. I knew the Punks and Apes had value, but they were also tens of thousands and hundreds of thousands of dollars to secure. There were cool things I found in price ranges I didn’t mind investing in, but being a newbie, I didn’t feel comfortable yet...

Will Lucas

Dec 7, 2021

Timbaland, Bored Ape Yacht Club Owners Launch Artist-Owned Entertainment Company In The Metaverse

Timbaland is continuing to thrive in the intersection of music and technology with his latest venture. AfroTech previously shared that the legendary producer launched his first music non-fungible token (NFT) collection in November 2021. Now, he has partnered with the owners of Bored Ape Yacht Club (BAYC), an NFT collection with celebrity collectors such as Stephen Curry, Lil Baby, Snoop Dogg and more. Timbaland and BAYC have teamed up to launch Ape-In Productions (AIP) — a metaverse-based entertainment company that aims to discover and amplify artists that are Bored Ape owners, according to a press release provided to AfroTech. Timbaland, his company Beatclub — a global marketplace for music creators — and other creators will develop music for the music company’s first set of releases. According to the press release, the AIP’s roster will feature a select group of Bored Apes who will release original music and animation in the metaverse as NFTs. AIP aims for its artists to reclaim...

Ngozi Nwanji

Nov 16, 2021

You May Be Able To Work With Timbaland On His Next EP, Thanks To His NFT Collection

Timbaland is known for always staying ahead of the curve in the music industry. And, things are no different in the world of technology as he is now one of the latest to notice how crypto is gradually taking over in music with the launch of his first non-fungible tokens (NFTs) collection. The legendary music producer is collaborating with Kevin and Jennifer McCoy — who pioneered the NFT format — on the Readymade NFT eCommerce Platform under their company Monegraph for his NFT Producer Mix Series, according to a press release provided to AfroTech. The stems, hooks and beats from his upcoming EP, “Opera Noir,” will be auctioned off individually as NFTs that can be remixed. The EP’s tracklist will have “five to eight different Music NFTs editioned differently based on uniqueness of the music elements and totaling approximately 50 – 90 digital collectibles per song.” “Music NFTs are now part of our business. They offer musicians a new way to express themselves and interact with fans,”...

Ngozi Nwanji

Oct 27, 2021

Stage11 Raises $5.7M To Help Artists Like Snoop Dogg And Akon Monetize Their Work Through NFTs

Set to make a huge splash in the music metaverse, Stage11 is creating an innovative platform to mold a unique experience for artists and fans. The company was founded by Jonathan Belolo — co-owner of Scorpio Music — to develop a new landscape for artists to have a creative outlet to engage with their fans through interactive performances and music worlds. Now the Paris-based startup is one step closer to bringing the metaverse experience to fans due to an impressive seed round led by European venture capital fund, Otium Capital totaling $5.77 million, according to PR Newswire. “As a gamer and sci-fi nerd, It feels like I’ve been dreaming about the metaverse my entire life,” said Belolo in a press release. “Now that as a society we’re on the cusp of making it real, I find myself blessed to be part of an incredible team setting out to explore the new frontier. Building immersive music events and experiences is just the first step. We are on a journey together to reimagine the way...

Samantha Dorisca

Oct 13, 2021

Ja Rule To Launch His Own Cryptocurrency Along With An NFT Marketplace To Help Creatives Monetize Their Work

The worlds of cryptocurrency and Hip-Hop continue to collide. Rapper Ja Rule recently helped launch — a non-fungible token (NFT) marketplace — alongside co-founders Robert Testagrossa and James Cropcho. According to, it’s “a full-service NFT marketplace that caters to artists, celebrities, and creators who want to monetize their work with physical NFTs.” “It’s just a smart thing to be able to authenticate physical artworks cryptographically and let these amazing artists be able to enjoy the fruits of their work and it was never possible before in the past. So I really applaud what Flipkick is as far as the physical NFT space,” Ja Rule told Ja Rule’s love for the tech space drew him to hopping on board with Testagrossa and Cropcho to bring the unique idea of Flipkick to life. “As I got into NFTs I noticed a dope project and the whole angle was something different, which I really loved,” Ja Rule told “The angle of taking physical works...

Ngozi Nwanji

Sep 13, 2021

Naomi Osaka Joins Fellow Sports Legends With Her Autograph NFT Collection

Naomi Osaka continues to step into the non-fungible tokens (NFTs) space — from first auctioning original artwork for mental health initiatives to now selling digital images of herself as a way for fans to further connect with her and learn more about her groundbreaking career moments. Yahoo Sports reports the tennis player’s latest NFTs are a part of Autograph’s Pre-Season Access collection. Autograph is a NFT platform launched and co-founded by fellow pro-athlete Tom Brady to intertwine renowned brands and popular figures across sports, entertainment and culture for a special digital experience. “With NFTs, I’m able to choose special moments of my life to share directly with fans, which I find really empowering,” Osaka shared with Yahoo Sports. “Plus it’s an awesome way to be creative and tap into my passion for art.” Osaka’s NFTs will join the likes of legendary athletes like Tiger Woods, Derek Jeter, Tony Hawk, Wayne Gretzky and more. Before Osaka’s NFTs release announcement, the...

Ngozi Nwanji

Aug 26, 2021

Odell Beckham Jr. Ventures Into A Different League With Purchase Of One Of The Most In Demand NFTs

Pro athletes have been entering into both buying and launching non-fungible tokens (NFTs) in an effort to join the wave of investing into cryptocurrency and also to authenticate ownership and legitimacy of digital items. According to Highsnobiety, tennis player Naomi Osaka came into the NFT space last month by auctioning off original artwork signed by her and her sister, Mari Osaka, in which partial proceeds went to her charity, Play Academy. Now, Complex reports Cleveland Browns’ Odell Beckham Jr. has also recently stepped into the NFT world after purchasing a CryptoPunk 3365. Each of the 8-bit style pixelated digital characters have their own unique types, attributes, and accessories. Beckham Jr.’s Punk’s features includes a shadow beard, “wild hair,” and a smile. Plus, the wide receiver has changed his profile image across all of his social media accounts to reflect his new Punk. CryptoPunk 3365 was originally owned by NFT and Crypto Founder Soby Life. On Aug. 19 he tweeted,...

Ngozi Nwanji

Aug 20, 2021

Benny The Butcher Releases NFT Collection On UREEQA Marketplace

Benny the Butcher is the latest rapper to enter into the quickly-growing world of non-funglible tokens (NFTs). In a press release announcement, it was revealed that the Hip-Hop “Legend” dropped his first-ever NFT collection on UREEQA Marketplace. The collection, which is available for potential purchase via an online auction, will also feature an opportunity for the winner to personally connect with the Buffalo, NY native. “This NFT collection is a chance to give back to the fans that have helped me pave my way as a rapper and artist,” said Benny the Butcher, in the press release statement. “I wanted to do something that would be exclusive to my core fans and connect with them in a way that hasn’t been possible until now.” The NFT drop consists of all track utility videos from the “Plugs I Met” EP with Benny talking about each song; a personalized autographed “Plugs I Met” CD (digipack); the opportunity to watch Benny in concert via Zoom feed on the “Burden of the Plugs Tour,” along...