Influential celebrities who joined the crypto world last year

The inclusive crypto ecosystem has grow to be house to numerous A-list celebrities over the years – primarily pushed by the non-fungible token (NFT) hype of 2021. Cryptocurrencies, celebrities proceed to assist the cryptocurrency market.

Over the previous year, celebrities have begun to discover the sub-ecosystem past NFTs, in search of to diversify their presence into buying and selling, gaming and different avenues of funding. In that gentle, right here is an outline of a few of the most influential figures who have entered the world of cryptocurrency over the previous year and the way nicely they’re ready for the upcoming bull run.

Conor McGregor companions with Tiger.Trade

UFC famous person Conor McGregor, one in all the highest paid athletes, just lately partnered with a cryptocurrency buying and selling app, Tiger.Trade. Part of the deal contains McGregor providing an in-house sport that customers can play to win particular prizes.

Prior to signing on as an envoy for Tiger.Trade, McGregor’s involvement in crypto was oblique by a UFC partnership with CryptoKitties, by which bonuses had been paid to fighters in cryptocurrencies.

The sport’s latest launch, whereas nicely acquired by followers for its graphics and awards, has additionally been the topic of criticism associated to its lack of story. Unlike most high UFC fighters, McGregor has not related his title with dormant NFT tasks and continues to maintain his cryptocurrency funding choices confidential.

Eminem buys Bored app NFT for $460,000

Marshall Mathers, aka Eminem, is one in all the uncommon celebrities to make headlines for investing in NFTs as an alternative of attempting to promote his assortment. The fifteen-time Grammy winner purchased the boring app ‘EmineApp’ NFT for $460,000, which contains a gold chain necklace and khaki military cap that Eminem wears in actual life.

Eminem’s affiliation with cryptocurrency dates again to 2018, when the rapper talked about bitcoin (BTC) on his newly launched album Kamikaze. However, his subsequent buy of NFTs established his curiosity in cryptocurrency investing. In June 2022, Eminem launched an NFT-themed music video by Bored Ape Yacht Club (BAYC) that includes rap legend and fellow cryptocurrency fanatic Snoop Dogg.

While Eminem has not publicly shared a relationship with any particular crypto property to put money into, the rapper continues to collaborate with BAYC for dwell performances.

Maria Sharapova turns into strategic investor in Moonpay

Along with different A-list celebrities reminiscent of tennis legend Maria Sharapova, Gal Gadot, Bruce Willis and Justin Bieber, Moonpay has invested in a cryptocurrency cost answer. The firm revealed that greater than 60 public figures and celebrities from the music, sports activities, media and leisure industries have joined palms to take a position $87 million in Series A funding starting November 2021.

The funding marked Sharapova’s entry into the world of cryptocurrencies. However, the famous person has not but disclosed his crypto funding plans.

Snoop Dogg: The Face of Web3 and NFT

Given his lively involvement in the house over the years, Snoop Dogg’s standing as an OG stays true to the crypto world. Snoop’s first interplay with the cryptocurrency group started with him warning towards counterfeiters buying and selling faux Snoop Dogg-branded tokens and NFTs.

After gaining data of the trade, the rapper collaborated with varied crypto tasks, together with crypto exchanges, Web3, gaming, and NFTs, successfully catalysing mainstream crypto adoption.

Recently, Snoop Dogg, impressed by BAYC NFTs, introduced the launch of a brand new restaurant in Los Angeles referred to as Bored & Hungry. Despite the dwindling hype surrounding NFTs, Smoke King continues to indicate love for the ecosystem.

Floyd Mayweather Makes a Crypto Comeback

Legendary boxing champion Floyd Mayweather entered the crypto universe in 2018 by selling a high-profile crypto rip-off referred to as Centra Tech. Mayweather and co-promoter DJ Khaled face fines of $600,000 and $150,000, respectively, for the authorized implications of selling unregulated cryptocurrency tasks.

Learning from its previous errors, Mayweather has launched a brand new NFT Mayweather mission – which entails a set of 5,000 NFTs. Boxer’s monitor file of getting concerned in tasks that appeal to buyers has left his followers and the normal public with combined emotions about the new cryptocurrency mission.

Matt Damon Opts for Philanthropy Through Crypto Donations

Hollywood star Matt Damon has acquired $1 million in donations from crypto.com alternate to Water.org, a clear water initiative co-founded by Damon and Gary White in 2009. As a part of the deal, Crypto.com beneficial its consumer base for it. purpose.

Matt Damon starring in the Crypto.com industrial. Source: YouTube

Although Damon has not disclosed his cryptocurrency investments, his involvement in the Cypto.com industrial has drawn criticism from a lot of the crypto group. Investors retaliated towards Damon’s suggestion to “courageous with luck” as the bear market resulted in enormous losses throughout the trade.

Against the rising development of celebrity-backed NFT tasks, client watchdog group Truth in Advertising (TINA.org) referred to as out 19 celebrities selling NFTs with out disclosing their connections to the tasks.

The non-profit client safety agency has revealed its intention to analyze celebrities selling “deceptive” cryptocurrency investments. The web site states:

“The originators usually don’t disclose the bodily connection to the supported NFT firm.”

Responding to letters from Tina.org concerning the promotion of NFTs on their social media accounts with out disclosing their connection to the tasks, Justin Bieber’s authorized workforce responded by denying any wrongdoing. However, the workforce confirmed the replace in a social media submit.

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