A singer Chris Brown invests in one of the most dynamic entertainment markets, NFTand presents the first digital art he recently acquired.
The “Go Crazy” singer shared the images on Instagram, along with a post that he is excited to venture into the space and is working with a company on upcoming artwork.
“Just bought my FIRST NFT, delighted to enter the NFT space,” Chris wrote on IG. The post was accompanied by a digital artwork showing a cartoon-like character stepping out of a car with a handgun – and a ski mask. He continued, “This is one of the most impressive works of art I have seen! Launched this Thursday, be sure to get yours before they sell out 🔥🔥🔥🔥. ”
Chris Brown Introduces New NFT Purchases!
Chris says he works with a company called Meta Thugs, whose website says it is “a private collection of 10,000 NFT limited edition, unique digital collectibles.” The thugs 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 houses feature unique works of art – created with his own hands – both outside and inside his properties. Plus, for companies looking for celebrity endorsement in the digital art world, Chris is a smart bet.
At this point, it’s not clear if Chris is just working with this business as a support, or if he’s investing his own money heavily in their business and art.
Chris Brown is venturing into the new era of exclusive art!
If you are new to the NFT market, that means “Non-fungible Token” and is essentially the new frontier in 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 only belongs to one entity. Think of it as if someone could buy a copy of a Monet painting, but one person or one museum houses “the original.”
If that sounds a little scary, it is.
Celebrities flood the NFT market
Top celebrities are jumping on the bandwagon of buying and building NFT and it’s a growing 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 the numbers 961 and 9039 for a total of 160 ETH. In today’s market, total purchases were $ 734,401.60 for two digital media.
BTW, Snoop Dogg, Jimmy Fallon and Lil ‘Baby are among others who have shelled out huge amounts of money to purchase images from the same collection.
In other words, you might want to listen to Chris Brown on this one!