A singer Chris Brown invests in one of the fastest growing entertainment markets, NFT, and features the first digital art he recently acquired.
The “Go Crazy” singer shared the images on Instagram, along with a message that he was excited to venture into the space and was working with a company on upcoming artwork.
“Just bought my MY FIRST NFT, excited to enter the NFT space,” Chris posted on IG. The post was accompanied by digital artwork showing a cartoon-like character handing out a car with a handgun — and a ski mask. He continued, “This is one of the most amazing works of art I’ve seen! Launching this Thursday, be sure to get yours before it’s sold out 🔥🔥🔥🔥.
Chris Brown shows new NFT purchases!
Chris says he works with a company called, Meta rogue, whose website says it is “a private collection of 10,000 limited-edition NFTs, one-of-a-kind digital collectibles. The rogue are stored as ERC-721 tokens on the Ethereum blockchain. Adding, “Our goal is to make Meta Thugs the most rewarding NFT community for holders.”
The jump into NFT makes sense for Chris Brown, who has always mixed his successful music career with his art. The singer’s multiple homes feature unique works of art – created with his own hands – on the exterior and interior of its properties. Plus, for companies looking for stardom in the digital art world, Chris is a smart bet.
At this point, it’s unclear if Chris is simply working with this company as support, or if he’s investing his own money heavily in their business and art.
Chris Brown ventures into the new era of exclusive art!
If you are new to NFT market, it means “Non-fungible token”, and is essentially the new frontier of the art world. Many believe it could replicate many of the traditional relationships between art collectors and creators – where people can buy and support their favorite artists.
It should be noted that the purpose of an NFT is to give you something that cannot be copied. The token lives on a blockchain where you can purchase the rights to the digital artwork. Yes, copies of the image can be made – and shared – but the original version belongs only to one entity. Think of it as if someone could buy a copy of a Monet painting, but only one person or one museum houses the “original”.
If that sounds a bit scary, it is.
Celebrities are flooding the NFT market
A-list celebrities are jumping on the bandwagon of buying and creating NFTs and it’s a booming business. As we reported, Post Malone recently lost nearly $1 million on two non-fungible tokens from one of the biggest collections, ‘Bored Ape Yacht Club.’
The rapper bought #961 and #9039 for a total of 160 ETH. In the current market, the total purchased was $734,401.60 for two digital media.
By the way, Snoop Dogg, jimmy fallon, and Lil’ Baby are among others who have shelled out huge bucks to purchase images from the same collection.
In other words, you might want to listen to Chris Brown on this one!