Following the significant increase in interest in non-fungible tokens (NFTs) in 2021, important people in the entertainment business have begun exploring the areas of Web3 and cryptocurrency. Many people, though, have now turned their attention to other things, but a few are still investing in the business.
A study by Arkham Intelligence found that the five most popular people on Elon Musk’s X platform and the ones with the most fans mostly have investments in Ether (ETH) or NFTs.
Former President of the United States and widely recognized Republican figure Donald Trump has a collection of digital assets worth $7 million. Trump has about $5.1 million in assets, most of which come from the NFT collection called TRUMP. There is, however, a chance of getting more digital goods in the future.
Trump said not long ago that he might start accepting bitcoin payments for his campaign as the next US election in November draws near. He has been actively talking about policy issues with people in the business.
Trend in pop music Justin Bieber has blockchain holdings worth $451,000, with $433,000 in ETH making up the majority of that amount. After all that, Bieber’s most recent significant endeavor was with Yuga Labs’ Otherside effort on the OpenSea NFT marketplace, which happened two years ago.
Crypto Rankings and NFT Trends
Arkham reports that Neymar, a famous soccer player, has a crypto net worth of $56,000, which puts him in third place. The fourth and fifth spots are held by Jimmy Fallon and Kevin Hart, two comedians whose crypto net worths are $113,000 and $40,000, respectively.
During the peak of the NFT trend, prominent individuals like Bieber and Fallon got attention for getting valuable things like the Bored Ape Yacht Club, which were usually sold for millions of ETH. This trend also helped platforms like MoonPay grow, which catered to powerful people who wanted to get into the speculative market for digital goods.
Unfortunately, after three years, the NFT business has taken an enormous hit and more than 95% of collections are now thought to have very little value. The Securities and Exchange Commission (SEC) has taken civil action against inventors who are well known.
A lawsuit has been filed against Dapper Labs and Ashton Kutcher’s Stoner Cats for allegedly selling unregistered stocks to investors who were not careful.
