One Step Closer to Adoption: Linkin Park’s Star NFT Sold for $30,000

Mike Shinoda of Linkin Park has sold his first NFT, raising $30k, a confirmatory tweet from Zora, an NFT online market place, reveals on Feb 8.

Linkin Park Front Man Sold His first NFT Piece for $30k

A feat for Mike, the proceeds from the called One Hundredth Stream auction will be donated to the Michael K Shinoda Endowed Scholarship at ArtCenter College of Design. The scholarship benefits students based on artistic merit and financial need.

The piece was uploaded over the weekend and drew instant interest from across the crypto and creative communities. Throughout the auction, users could bid on different currencies, not just ETH or DAI. As of writing on Feb 8, the last bid price on the crypto digital piece stood at 6.66 WETH.

A New Age of Art Distribution

In a follow-up tweet, the creative lauds blockchain’s possibilities and how transformative it can be, especially for unconventional artists. He pointed out the effectiveness of non-fungible tokens (NFTs) as a new way of art distribution, a sharp divergence from legacy platforms complicit in commodifying creators.

Because of the base layer’s security and immutability, crypto art NFTs are unique, limited in supply, and cannot be copied. Each can be traced in the blockchain, introducing new ways of protecting creatives’ interests.

Most importantly, for artists seeking to draw maximum value from their work, each piece’s price is defined by the market.

The highest bidder of any immutable and digital piece owns the piece. In the era of blockchain provenance, creativity and value are all defined by the community and market, not a panel of judges.

“This should be very interesting for people who make unconventional art, or people who have been told their art isn’t art at all. Maybe it is. The community will decide.”

Soulja Boy Mints “Crack That”

More artists appear impressed with NFTs. Recently, Soulja Boy minted his first NFT called “Crank That” on Rarible, another NFT market place. It follows the American artist’s buying of several cryptocurrencies, including BNB.

As BTCManager also reported, Miss Bitcoin partnered with Enjin to launch the first NFT project in Japan.

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In the end, do NFTs even matter? Linkin Park rapper joins celebrity NFT mania

Mike Shinoda, the musician and co-founder of rap-rock band Linkin Park, launched an auction on Rarible last night for “Zora,” a nonfungible token (NFT) music clip from a forthcoming song. In doing so, Shinoda joins an ever-growing throng of celebrities and influencers who are dipping their toes into NFT tech — and bringing their considerable fanbases along for the ride. 

Late last night Shinoda revealed the drop with a short Tweet:

In a follow-up thread Shinoda described the auction as an “experiment,” and seemed to be impressed with the value proposition of provable scarcity and ownership:

“Here’s the crazy thing. Even if I upload the full version of the contained song to DSPs worldwide (which I can still do), i would never get even close to $10k, after fees by DSPs, label, marketing, etc,” he wrote.

He ended the thread with a link to a “beginner’s guide” explainer on NFTs, inviting his followers to learn more.

More celebrities than a gossip mag

Shinoda isn’t the only celebrity who has been toying with NFTs. 

Yesterday, YouTuber Logan Paul released a set of 44 NFTs styled as pokemon cards to promote his upcoming celebrity boxing match. Likewise, billionaire investor Mark Cuban released some halfhearted animations on Rarible, and today is releasing another set where buyers can request personalized videos from the Shark Tank host.

Polyient games co-founder Craig Russo says that the celebrity activity is an inevitable byproduct of a wild bull market overtaking the NFT space, but also a natural product-market fit that better links famous individuals to their communities:

“After a relatively slow period over the past few months, the NFT market is again heating up,” said Russo. “Given that the current use cases for NFTs are approachable and very social in nature, we’re beginning to see an influx of mainstream interest. This has ultimately resulted in a few notable celebrities entering the space.”

Notable celebrities… and a few less-than-notable ones as well. Rounding out the big names trying to pawn some tokens is one-hit wonder Soulja Boy, who has been selling collectibles on Rarible throughout the last week. He currently has 30 ETH worth of animations for sale, and is experimenting with other non-blockchain content platforms, having recently set up an OnlyFans account.

Direct to consumer

While some efforts have been more of a blatant money-grab than others, there are plenty of examples of projects and people who appear genuinely interested in using the technology to better connect with their fans. Openlaw co-founder and NFT investment group Flamingo DAO member Aaron Wright says it’s a natural fit, and a perfect use case for blockchain.

“One of the visions of Ethereum has always been Web3 and the creation of an ownership economy. With the growth of NFTs we’re seeing that play out,” said Wright. “Celebrities are recognizing that instead of relying with ad-based models, they can interact directly with their community and tribe online by selling their creative works.”

Pranksy, the collector-whale who has recently been proselytizing NFTs to the masses on the nightly news, likewise thinks that celebrities using NFTs to monetize their content and connect with fans might be here to stay. 

“Mark Cuban is not the first, nor will he be the last celebrity to monetise NFTs. More eyes on the space can only be a good thing, and the hope is they continue to embrace and support the community beyond a quick cash grab,” the collector said.

It’s a notion that Shinoda himself seems to have latched onto. After critics uninitiated in the tenets of NFTs criticized him for selling content users can see for free, Shinoda gave a short lesson on value and NFTs to his followers:


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African Music Star Davido Plans To Launch Bitcoin Trading Company

Davido, arguably one of the biggest music stars in Africa has hinted that he plans to launch a bitcoin trading company. This development could generate massive interest in bitcoin in one of the regions with the fastest-growing number of crypto users. 

Davido Shows Interest In Bitcoin

Davido made this known today in a cryptic tweet to his 8.8 million followers on Twitter. As expected his tweet has already generated massive engagement on Twitter with over 20,000 likes and 3900 retweets in just three hours. Davido is regarded as one of the top artists in Nigeria and has shown key interest in bitcoin in recent months. 

Last October, he signed an endorsement deal with crypto payment platform Bitsika, one of the fastest-growing crypto platforms in Africa. Since then Bitsaka has been able to expand and revealed that it processed nearly $40 million worth of transactions in 2020. The success of BitSika could have influenced the musician’s intention towards launching a Bitcoin company.

In addition, Nigeria is also the largest bitcoin market in Africa and one of the biggest in the world. The African nation has witnessed a spike in the demand for bitcoin in recent years as a hedge against its failing national currency naira.  Davido’s sojourn into the crypto industry will be a huge one for the adoption of bitcoin in Africa. He is the most followed African artist on all social media platforms and his endorsement could trigger mainstream adoption across Africa. 

Cryptocurrency Gaining Steam in the Music Industry

Cryptocurrencies have continued to make major inroads within the music industry with several global artists expressing interest in holding crypto-assets. Grammy award winner Akon is a major proponent of the adoption of cryptocurrencies. 

The American music legend is currently building a smart city in Senegal that will be powered by a blockchain-based financial system with a token called Akoin. American rapper Soulja Boy is also a crypto lover and recently revealed that he wants to build a cryptocurrency

Rock Star Kiss Singer also revealed that he owns Bitcoin, Ethereum, and Litecoin. This influx of music stars towards cryptocurrency holds the potential to catapult the digital currency industry into the mainstream.

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Soulja Boy Mints First NFT “Crank That,” Listed at 5 Ethereum

Key Takeaways

  • Soulja Boy has minted an NFT called Soulja Boy “Crank That.”
  • A fan has also been in touch to give him a named Ethereum address from Ethereum Name Service.
  • The American rapper has been showing his interest in the cryptocurrency space this month.

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Soulja Boy has joined the NFT hype. The U.S. artist minted his first digital art piece on Rarible today.

Soulja Boy Now on Ethereum

Soulja Boy is now on Ethereum. 

The U.S. rap star, who topped charts with his 2007 hit “Crank That (Soulja Boy)” has minted an NFT. 

“Soulja Boy ‘Crank That’” is available in an edition of 20 via Rarible. It’s priced at 5 ETH, around $6,699.60. 

“Get this super exclusive collectible from Soulja Boy, the iconic rapper and the brand-new man in crypto!” the description reads. 

The musician caught the crypto world’s attention by showing an interest in the space on Twitter this month. 

Only yesterday, he shared his Ethereum address in a tweet. A fan replied, offering him the name “souljaboy.eth” on Ethereum Name Service, which puts Ethereum addresses into an easy-to-read format. 

Soulja Boy then accepted his proposal. He’s since faced trouble with using the Ethereum address from his Coinbase account, though the donor of the ENS name has been attempting to resolve the issue. The fan proceeded to buy him a name, “drako.eth.”

Last week, the American artist confirmed that he’d bought several cryptocurrencies, including BNB, DGB, TRX, KLV, ZPAE, and FDO. He’s been actively asking his Twitter followers for help navigating the space too. On Jan. 19, he started by asking, “What’s the best way to buy Crypto? Robinhood? Coinbase?”

Soulja Boy broke out with the release of “Crank That (Soulja Boy)” in 2007. It topped charts and sold millions of copies. His other hits include “Kiss Me Thru The Phone” and “Turn My Swag On.”

Disclosure: The author held ETH at the time of press. 

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Soulja Boy Buys Bitcoin, Tries To Buy XRP, Reveals Altcoin Holdings to 5 Million Followers

Soulja Boy is getting acquainted with the crypto markets and catching up on what’s happening with XRP.

The rapper sent a tweet out to his five million followers over the weekend, asking where he can buy the fifth-largest cryptocurrency by market cap.

The tweet quickly went viral, with a deluge of responses informing him that Ripple is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) that accuses the San Francisco company of selling XRP as an illegal security.

Last month, Soulja Boy said he’s a big fan of Dogecoin (DOGE).

“Yo Dogecoin Army, it’s going down man. Make sure y’all tap in for Dogecoin.

It’s gonna be the crypto of the future. Dogecoin is the people’s coin. Let’s go. It’s your boy, Soulja Boy.”

As for the altcoin market, he says he’s now the proud owner of Binance Coin (BNB), DigiByte (DGB), Tron (TRX), Klever (KLV), ZelaaPayAE (ZPAE) and Firdaos (FDO).

Souja Boy also bought the flagship crypto Bitcoin, but is more interested in finding the next big thing.

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