5 Musicians That Use Crypto

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Not many people would instantly connect the music industry with the cryptocurrency landscape, but the connection is there and it’s becoming increasingly prevalent as we speak. The world’s most famous musicians are using cryptocurrency in a number of ways, including selling their albums as non-fungible tokens (NFTs) and investing in crypto with the most potential by buying or mining coins.

Here are a few examples of international musicians who have been connecting with fans through blockchain technology, paving the way for a digital revolution:

#1. Dolly Parton

The American country music legend has been a star for over 50 years, as her first album debuted in 1967. With millions of records sold globally and dozens of awards ranging from Grammies to American Music Awards and Academy Awards, Dolly Parton is definitely a force to be reckoned with.

It wasn’t until her partnership with writer James Patterson and Fox Entertainment’s Blockchain Creative Labs that she turned to the crypto sphere and NFTs. The project with her partners resulted in the release of Dollyverse, which are limited-edition NFTs that celebrate her album. This initiative was a total success, as all of her fans who purchased NFTs gained exclusive access to the streaming channel of her live-streamed concert, working to the benefit of both parties.

#2. Eminem

Eminem—the 15-time Grammy award winner—is another celebrity who has joined the NFT hype back in 2021. He released a project named Shadycon where a number of Eminem-approved collectibles hit the market. As to be expected, his first NFT release was a success, as he managed to profit an estimated $1.78 million from it.

The Shadycon project included original beats produced by Eminem himself, and it was inspired by the artist’s love for all things vintage. In true Eminem spirit, portions of the $1.78 million revenue were donated to his Marshall Matters Foundation and charity, which assists at-risk youth in Detroit, Michigan, and the surrounding communities.

#3. 50 Cent

The rapper, whose real name is Curtis Jackson, is one of the first musicians to agree to accept crypto payments. He agreed to adopt Bitcoin payments after releasing his fifth album ‘Animal Ambition’. This move garnered him 700 Bitcoins which, at the time of the release, were worth $662 per coin. Back then, that would translate to $460,000 in sales, which isn’t a bad number once you take into account the volatility of cryptocurrency.

This time, that volatility worked in his favor, as his decision to risk with Bitcoin paid off 10 years later – and it paid off big time. Today, his Bitcoin collection is worth around $8 million, as he let all of those 700 Bitcoins sit dormant on his account. It’s up to 50 to decide whether he wants to take any further risks with Bitcoin’s volatility or spend the money now.

#4. Snoop Dogg

Should anyone be surprised that Snoop Dogg—the rapper and entertainment mogul—is a big fan of Dogecoin? He supports the cryptocurrency market in general, but his unwavering support goes to Dogecoin. He even has an alter ego called ‘Snoop Doge’ that’s been fueling rallies in the Dogecoin market for some time now.

Snoop’s support of Dogecoin has further strengthened an already strong community of investors. Dogecoin is a meme coin, meaning it has very little value in the real world. However, it has immense value for individuals, as it fosters a community of like-minded people. In the case of meme coins, collective belief and adoption dictate value, and Snoop’s involvement definitely made the market much more appealing.

#5. Billie Eilish

Unlike some of the other entries on the list, Billie Eilish isn’t as open about her crypto investments and endeavors. However, all it takes is one look at her merchandising strategy to see that she’s an avid fan of blockchain technology. She’s made a subtle yet smart move into the blockchain sphere, with which she’s announced to the world that she is a great supporter of the crypto universe.

Eilish’s blockchain integration shows that crypto’s potential goes far beyond tokens, as it can be used both creatively and commercially in many industries. One thing is certain – this recipient of several awards and nominations is a forward thinker with a knack for the crypto universe.

Key Takeaways

The crypto universe is gaining new members as we speak. Many of those newcomers to the crypto and NFT landscape are the world’s most popular celebrities and musicians. The way things are right now, it might be possible for cryptocurrency to become just as prevalent as digital wallets and credit cards some years down the line. In fact, you might want to take your credit card out of your wallet and opt for the security of cryptocurrency now. With advanced encryption and worldwide adoption, Bitcoin, Ethereum, and other such crypto might become your preferred method of payment in the years to come.