After launching NFTs, popular K-pop artist Sunmi received controversy, Valve CEO Gabe Newell publicly hailed NFT technology while slamming people in the space, and Dolly Parton launched Dollyverse NFTs.
The NFT portfolios of iconic musician Snoop Dogg and prominent entrepreneur Gary Vaynerchuck are worth a combined $95 million, according to statistics from DappRadar.
With $81.89 million in his wallet at the time of writing, Vaynerchuck owns the majority of the wealth. Multiple NFTs from top collections such as CryptoPunks (of which he has a total of 60), the Bored Ape Yacht Club, and World of Women are among his holdings.
Snoop Dogg is an ardent NFT collector, with many CryptoPunks, Meebits, and Fidenza NFTs in his wallet, the most valuable of which is CryptoPunk #3831, which is worth $2.57 million at current pricing.
The wallets were included in a DappRadar blog post that included a list of the top 10 most valued celebrity NFT portfolios. Alexis Ohanian, the co-founder of Reddit, was worth $4.9 million, while Logan Paul, a YouTuber and self-proclaimed future US presidential contender, was worth $4.36 million.
Snoop Dogg’s inclusion on the list is unsurprising, given that he has launched multiple NFT ventures, purchased virtual property in the Metaverse, and teamed with The Sandbox to create “Snoop avatars” in late January.
Vaynerchuck is also very engaged in the scene, having launched his own project named “Veefriends” in May 2021, which has produced over $132,000 in secondary sales.
More opposition to the NFT
Sunmi (also known as Miyane), a popular K-pop idol, has faced backlash from fans over the NFT memorabilia she and her agency, the Abyss Company, unveiled last week.
The “Sunmiya Club” initiative, which includes 10,000 computer-generated NFTs featuring various cartoon Sunmi avatars, was released on February 23. Some of her fans, on the other hand, criticised the singer for only seeking to make “fast cash for her corporation.”
Sunmi tweeted a statement from Abyss Company in response to the reaction on Monday, however the company simply restated its long-term stance on the project and did not appear to address any of the fan concerns, instead asking for “continued love and support in our artist’s future performances.”
Fans were quick to criticise the statement, with Twitter user “cruelrush” highlighting environmental worries over NFTs, and others threatening to boycott the K-pop Idol: The Next Generation competition.
“We’d like to help Sunmi in any way we can, but not at the expense of our environment.” NFTs aren’t good. We wish to show our support for Sunmi by purchasing her CDs and songs. By attending her performances. “More online concerts to support her would have been fantastic,” they added.
just a bunch of lies, NFTs are NOT needed to further support an artist. Sunmi already has a lot of fans who genuinely enjoy her music and personality. NOBODY asked or wanted this, Abyss is just being greedy https://t.co/cZKi4T6iBt
— Quarantine Lil💖(SAINTS ROW ERA) BLM ✊🏿 (@lil_drawsart) February 28, 2022
With buddies like these, you can’t go wrong.
Despite the fact that NFTs are a contentious topic among gamers, Valve CEO Gabe Newell has complimented the technology and outlined the possible benefits of combining it with triple A gaming.
Newell, whose company owns Steam, the digital game distribution powerhouse, was eager to draw a line in the sand between NFT technology and the individuals who are now utilising it in an interview with Rock Paper Shotgun.
underlying elements like distributed ledgers, the concept of digital ownership, and shared worlds, he said, are “all fairly logical” and shouldn’t be overlooked:
“You have to distinguish between the underlying technology and the actors who use it.” It’s like if you’re a chemist and you see nitrocellulose, you think to yourself, ‘Oh, sure, we can do some pretty cool stuff with that.’
“However, the folks that live there tend to be involved in a lot of illicit activities and questionable behaviour.” As a result, it’s much more about the actors than the underlying technology or the justification for what we’re doing,” he added.
Newell, thank you for your “support.” I really appreciate it.
Dolly Parton has started a new project called Dollyverse.
Dolly Parton, a well-known country music star, is releasing a new NFT collection and marketplace called the “Dollyverse.”
While the moniker suggests a connection to virtual reality and the Metaverse, Parton’s initiative is primarily a tokenized art and music promotion for her upcoming album “Run, Rose, Run.”
The CD is backed with a novel with the same title, co-authored by James Patterson, a best-selling author whose works include Alex Cross, Michael Bennett, and the Women’s Murder Club.
Eluvio created the Dollyverse site, which will host the NFT sales as well as a live streamed musical performance featuring Parton and songs from the new album on March 18.
The NFTs will be available for purchase during and after the live performance, and viewers will receive complimentary NFTs to commemorate their attendance at such a historic event.
Other Interesting Information
After discovering the artwork displayed in the tokens was substandard and badly crafted, early users of the $70 million Pixelmon NFT collection were dissatisfied with their hefty 3 Ether mint.
Metaverse platform for celebrities Gemie has collected $3.8 million in order to develop collaborations and expand its NFT marketplace.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.