American rapper, songwriter and one of the bestselling music artists of all time, Marshall Mathers aka Eminem, has yet again ventured into the metaverse with another Non-Fungible Token (NFT) purchase.
Here’s what we know about the NFT transaction
Eminem’s recent NFT purchase
This time, the rapper created ripples in the metaverse with a Bored Ape Yacht Club (BAYC) NFT, which cost him 123.45 Ether — approximately US$450,000 or S$607,185 — on 30 December 2021.
The purchase of BAYC #9055 was done by the account holder Shady_Holdings on OpenSea. The NFT was bought from its owner Geegazza who couldn’t contain his excitement on social media.
— GeeGazza (@Gee__Gazza) December 31, 2021
Also known as Slim Shady, the rapper shared the news of this extravagant purchase by changing his social media profile photos to the BAYC token and since then, Twitter cannot stop talking about it.
Popularly called the ‘EminApe’, the NFT was bought via digital agency Six, which has previously handled NFT dealings of celebrities like Wu-Tang Clan, Tycho and Galantis.
Other NFTs owned by the rapper
The ‘Without Me’ singer’s account shows several other NFTs, ranging from Lil Baby Doodles X NFTs and Ditaggdogg#1 to Superlative Apes #3880. His account also boasts several other coveted NFTs, including SABC #2615, Shaq Gives Back #4077 and Adult Fantasy Sub-Dude (130/151). There are currently 16 NFTs in the Shady_Holdings account.
According to dappradar.com metrics, Slim Shady owns about 284 NFT collectibles from 48 collections, and it currently holds 1.52 ETH or USD 3,798.4, as of 3 January 2022.
Eminem has been transacting NFTs for a long time. He had launched his own beat-inspired animated NFT collection of Stans in April 2021. The sale, which gave the NFT universe a massive boost, took place on the NFT marketplace Nifty Gateway. Again, in August, Eminem joined hands with Paul Rosenberg and entered several venture funds that added almost USD 30 million to the NFT platform called Makersplace.
What is BAYC?
For all those wondering what Bored Ape Yacht Club is, we’ve got you covered.
With a collection of over 10,000 NFTs on the Ethereum blockchain, it is one of the largest digital collectibles platforms. The concept is gaining immense momentum as more and more people and celebrities hop on the bandwagon to invest cryptocurrency in these unique and exclusive collectibles.
In fact, if you buy a BAYC NFT, the “token itself will double as membership to the swamp club for apes,” reads the BAYC website. It will also grant access to members-only features and benefits, for instance, the ‘Bathroom’, which is a collaborative graffiti board.
(Main image credit: Marshall Mathers/ @eminem/ Instagram; Feature image credit: Marshall Mathers/ @eminem/ Twitter)