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Eminem acquires Bored Ape Yacht Club Ethereum NFT for $450K

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Eminem has become the latest artist to enter the NFT space after acquiring a Bored Ape Yacht Club for $450,000.

The legendary Detroit rapper Eminem has become the latest artist to enter the NFT space after acquiring a Bored Ape Yacht Club for $450,000. Eminem bought a BAYC NFT for 123.45 ETH ($452,000) and currently has 15 NFTs so far on OpenSea under the name Shady_Holdings.

A non-fungible token (NFT) is a type of cryptographic token that represents a unique asset. NFTs are tokenized versions of digital or real-world assets. They function as verifiable proofs of authenticity and ownership within a blockchain network. NFTs are not interchangeable with each other and introduce scarcity to the digital world.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.