Lately, Kanye West commented on how celebrities can benefit from the revenue model in the NFT industry. Moreover, the winner of several Grammy Award frowned at the fact that paparazzi used photos of celebrities to gain money or promote their brands, without having to pay the artists for their work.
Kanye talked to some photographers about the potential of NFTs.
As stated by the rapper, NFTs can be a very useful asset for paying developers fairly. In addition, NFT creators can benefit from any use and sale of their work. In the same way, other entertainers can compensate for their image in the same way.
Presently, we see a lot of celebrities guaranteeing NFT. Creators and entertainers have already started using the many digital formats which NFTs can support. Many celebrities have released NFT series’ to monetize their photo. These include celebrities like pop singer Justin Bieber, basketball player Steph Curry, and footballer Lionel Messi, and many more.
Other influential artists such as Snoop Dogg, actor Will Smith, and multiple Grand Slam tennis champion Serena Williams, have invested in the most well-known NFT projects such as Bored Ape Yacht Club.
Entering the NFT industry has the potential to have more influence in the entertainment industry as a whole. As a result, music NFTs, that allow supporters of musical acts to enjoy their favorite music, are gaining popularity. Using NFTs to sell event tickets is getting popularity as well.
Would you like to enter the world of NFT?