Last updated on November 24th, 2021 at 10:52 am
The NFT scene has been besieged by celebrities, especially musicians, who have been releasing NFTs of their songs, albums, collectibles, and so on. Notable examples are Joseph Wooten and The Kings of Leon.
Post Malone, a notable rapper, has joined the league of musicians that are dabbling into the world of Non-Fungible Tokens by introducing an NFT platform to his fans and the world, in general. He collaborated with The Weeknd, another popular artist, to create a music video titled, One Right Now. In the video, Malone showed himself buying NFTs from BAYC- Bored Ape Yacht Club. BAYC has one of the largest collections of NFTs in existence, and it is a notable group in the field.
Malone not only purchased the NFT from BAYC, but was seen using a fintech crypto payment company, MoonPay to pay for it. MoonPay has a market valuation of $ 3.4 billion. It was released on Monday, and it has been watched by millions of users globally. The rapper also released TikTok videos, where he used MoonPay to purchase two additional Bored Apes. He is believed to have paid 160 Ether for them, though he reportedly didn’t pay for the NFTs with his money, but was contracted to promote both BAYC and MoonPay.
An address that is linked to the owners of the NFT collection received the payment from MoonPay twice, and the funds were used to buy the NFT BAYCs on OpenSea, while the rapper was credited with an extra 15 ETH ($ 64,000).
