The idea of purchasing and selling crypto art using non-fungible tokens (NFTs) might have seemed absurd a few months ago, but Internet trends appear to advance at the speed of light.

NFTs are digital media representations that are securely stored in blockchain-based records that may be purchased using cryptocurrencies. The original work is worth more than the postcard you purchased from the museum, much like the precious nature of Matisse or Van Gogh, and the same logic applies to NFTs and their copyrights.

It is not surprising that celebrities have jumped on the virtual bandwagon and added their own works to be auctioned off because the possibilities of digital art, authenticity, and ownership (AKA bragging rights) have captivated observers from Silicon Valley's elite to the bulk of the Internet.

Find out why celebrities are embracing crypto art, whether it's to profit from the lucrative NFT market or to make a point about ownership and agency. Let’s have a look at the top celebrity-backed NFTs.

1. Lucky Block NFTs

Lucky Block was previously endorsed by Jamie Jewitt, a Love Island actor and model. On April 20, boxer Dillian Whyte made the announcement that he will also be joining the Lucky Block army of supporters and investors as another official brand ambassador.

Prior to his heavyweight title match against Tyson Fury at Wembley stadium, Whyte tweeted that to his 358,000 followers. The meme coin Floki Inu, which intends to introduce NFTs, a metaverse game, and a forthcoming NFT marketplace, is being promoted by Fury, who is also a fan of cryptocurrencies.

The Platinum Rollers club, a Lucky Block NFT collection with support from two celebrities, is offered on the brand-new NFT marketplace NFTLaunchpad.com.

Key Features:

• Club rewards

• Competitive NFTs

• High price point

• Daily prize draws

  
  

2. Yuga Labs NFTs

Yuga Labs has the flagship NFT collection as the Bored Ape Yacht Club, which won't really be affordable for many investors. This week, BAYC's floor price reached a new record of 125 ETH, making the least expensive unit available for purchase for around $375,000.

Additionally costly, their Mutant Ape Yacht Club NFT line set a new ATH floor this week at 33 ETH ($99,000). There are other methods to benefit from the #1 and #2 greatest performing NFTs of all time, though. MAYC demonstrated that Bored Apes clones and derivatives may still succeed while Yuga Labs is in charge.

A dog-themed NFT with a price floor that has similarly been pumping, presently at 12 ETH ($36,000), was also published by the top NFT company.

As the next metaverse "Otherside" from BAYC or Yuga Labs is about to open, everything relating to them has been gushing lately. This week, when more details of that metaverse were revealed, including a Genesis land drop, and an airdrop of the first virtual land plots for owners of BAYC and MAYC NFT, the token ApeCoin (APE) surged above $17.

Key Features:

• Pricey

• Invest opportunities

• Multiple options

• High value

3. Stepn NFTs

STEPN (GMT), the Green Metaverse Token, has recently become the most popularly trending cryptocurrency asset on Coinmarketcap. That became popular due to its connection to the move-to-earn app with the same name, STEPN, which allows users to earn cryptocurrency tokens after purchasing a pair of sneakers NFT.

Even retail investors who aren't particularly interested in blockchain technology are drawn to Move 2 Earn because they want to earn money by playing games or engaging in other online activities. In this instance, they were jogging while using a mobile phone with a GPS connection.

As the first widely played a crypto-earning game in 2021, Axie Infinity experienced a bull run of almost 1600x. There are now more prospects for new P2E or M2E games and apps to gain market share because the excitement surrounding that has somewhat subsided.

Key Features:

• Trending

• Move to earn

• Engaging activities

• Crypto-earning game

4. KaijuKing NFTs

KaijuKing has another well-known celebrity NFT owner Marshmello, a well-known DJ and creator of electronic music who owns numerous. Christopher Comstock, the artist, gained popularity in 2015 and has multiple songs that are current top hits, many of which have had more than a billion YouTube views.

For a long, Marshmello maintained his secrecy as an NFT whale until switching his Twitter profile photo to a CryptoPunk. The artist added a KaijuKing NFT, which is thought to be worth over $1 million, to his portfolio in October 2021. His KaijiKing #1680 is one of the 3,333 NFTs in his collection and was bought for 5.88 ETH, which is equivalent to $17000 in today's money.

Key Features:

• Marketplace

• Various collections

• Profitable value

• High returns

5. Clone X

CloneX NFT was bought by Steve first on December 14, 2021, for 13.95 ETH, which is currently $42,500. There is no way we can discuss record producers in the NFT space without mentioning Steve Aoki. Aoki is a DJ, record producer, and music programmer, as is widely known.

With over 15 million monthly streams on Spotify, he has had a significant impact on the streaming industry. He is most renowned for his "experiential" live performances.

The NFT is as quirky as they come and is number 2004 in the collection of 20,000 Clone X NFTs. A smiling sticker on the forehead, a black respirator mask, a graphic black tee, purple eyes, and an octopus hat are some uncommon characteristics.

Key Features:

• Play-to-earn features

• Turn-based action

• Strategic

• Combats

6. World of Women

World of women was introduced as everyone is aware that the market for cryptocurrencies and NFTs are dominated by men, with men buying around 80% of all NFT sales.

Yam Karaki introduced the World of Women NFT collection in an effort to promote gender equality in participation. Reese Witherspoon joined this effort in October by buying World of Women #8072 for 2.8 ETH, or roughly $9000.

Her collection has a total of 108 NFTs across projects in addition to several World of Women NFTs. Witherspoon is perhaps one of the most involved celebrities in the space, in contrast to some others who view NFTs as a straightforward financial opportunity. Witherspoon announced her collaboration with World of Women a few months ago via her business, Hello Sunshine.

Key Features:

• Gender equality initiative

• Most involved celebs

• Financial opportunity

• Popular collabs

7. Doodles

Doodles, owned by the nameless NFT whale Pranksy must be included on any list of famous NFT owners and "NFT whales." While no one is aware of their identity, they have acquired numerous items, making them somewhat of an NFT celebrity.

Online NFT groups claim that Pranksy has the world's largest collection of NFTs. On OpenSea, this celebrity NFT collector holds almost 35,000 NFTs in their wallet.

The celebrity NFT owner initially invested only $600 before building up their collection to a glitzy one that brought in millions of dollars. The anonymous collector currently has a sizable following on Twitter, with close to 400k followers.

Key Features:

• Visual characters

• Hand-drawn doodles

• Numerous collections

• Community-driven features

8. Azuki

Azuki has Lakshmi Manchu who is one of many newcomers who joined the NFT space this year. Lakshmi Manchu has experience working in both Telugu film and American television. She is mostly an actor and producer.

The actress bought her first NFT item from the Azuki NFT collection in January. Additionally, she posted the following while using her first NFT as her Twitter profile image. It's amazing to see all the opportunities that the NFTs industry presents to innovators.

Key Features:

• Chiru Labs project

• Based on Japanese anime

• Leaderboard

• Trading

9. CryptoPunks

CryptoPunk NFT was purchased by Heidi Klum and has entered the realm of NFTs in the same way that many other celebrities have done so. Heidi is a television host, producer, and supermodel. She is well-known thanks to America's Got Talent on television.

In December of last year, the actress purchased CryptoPunk #3653. She paid $260,000 or 80 ETH to acquire the NFT. Even though the NFT has changed owners and been traded over the past seven or so times, one may say it has now settled down.

Unexpectedly, the Punk looks a lot like the famous NFT owner, especially with the blonde hair. According to DappRadar, in addition to owning the ENS domain heidiklumofficial.eth, Heidi also possesses 8 more NFTs.

Key Features:

• 10,000 unique collectible characters

• Proof of ownership stored on the Ethereum blockchain

• Press and appearances

• Bidding

• Marketplace instructions

10. Alien Frens

The Alien Frens #8591 was added by Bieber to his extensive collection of celebrity NFTs, which now numbers over 2,000 NFTs and includes notable projects like BAYC, Clone-X, MAYC, Doodles, and World of Women. However, the internet didn't support Bieber's decision to buy his Bored Ape too much.

Justin Bieber, who is undoubtedly among the most well-known personalities on this list, is a well-known investor in the NFT industry. After "dropping" 500 ETH on a Bored Ape NFT, Justin made the NFT space shake up by buying an Alien Frens NFT.

He paid 2 ETH for the Alien Frens NFT, and as soon as the media learned of his celebrity NFT purchases, the floor price of Alien Frens swiftly increased to 3 ETH.

Key Features:

• Extensive collection

• Great investment

• Return opportunities

• Frequent value increase

11. VeeFriends

VeeFriends is an NFT project after which movie stars have made headlines by disclosing their cryptocurrency purchases, but Youtubers, who are also considered digital internet stars in their own right, are not far behind. Logan Paul is one name that keeps up on everyone's Twitter feed.

The YouTube creator, who has over 23 million subscribers, has spent over $3 million on non-fungible token purchases. And to further fuel his enthusiasm, he will soon debut his own celebrity NFT collection, for which he will create NFTs from 99 photos he took using a Polaroid camera.

Key Features:

• Collective knowledge

• Advance functions

• Community features

• In-built tokens

12. Bored Ape Yacht Club

Bored Ape Yacht Club NFT is owned by Timbaland which is the stage name of Timothy Zachery Mosley, a rapper, singer, and record producer. Timbaland has a deep enthusiasm for music and has contributed to the albums of several well-known musicians. The multiple Grammy Award winner has written hit songs for well-known musicians like Jay-Z, Snoop Dogg, Ginuwine, and Ludacris.

There are 10,000 Bored Ape NFTs, and Timbaland purchased Bored Ape #590 to join the very rare Bored Ape Yacht Club. Along with CryptoPunks, Bored Ape NFTs are the most costly blue chip NFT collections available today. Higher bids have only been received for individual NFT artworks created by artists like Beeple and Pak.

Key Features:

• Unique

• Programmatically generated

• Community tools

• Roadmap activations

• Metamask Wallet

13. Mutant Ape Yacht Club

Mutant Ape Yacht Club in the footsteps of well-known figures like Snoop Dogg and Jay-Z, LilBaby has also embraced the NFT industry. The American rapper enjoys more than 26 million monthly Spotify streams in addition to having about 19 million Instagram followers.

When he mutated a Bored Ape, Bored Ape #129, last Fall, LilBaby rose to fame as a Bored Ape NFT owner. To evolve into a Mutant Ape, a Bored Ape must be combined with M2 serum. His new Mutant Ape is 10259 in number. At the time of acquisition, the price of the original Bored Ape was 37.99 ETH, or $170,000.

Key Features:

• Stats

• Resources

• Collectibles

• Trading cards

  
  

Things to Consider While Selecting NFT

Unique Properties

Collections are a common form of NFTs. These NFT collections are made up of unique avatar NFT artworks, each of which has a unique set of characteristics. More attributes can sometimes result in larger values, but not always. The basic Bored Ape NFT is an example of a simpler avatar that can sometimes be the most valuable.

So, in order to decide whether an NFT is worthwhile purchasing, you should first look at how rare its features are. The NFT you desire should have the lowest commonness rate in the collection; you can see this rate in the Properties section on the NFT's page, as demonstrated above.

Future Prospects

Early on, you need to get a solid knowledge of the seller's expectations and future plans for this specific collection. Do they anticipate selling it to collectors so they may exchange it later? Or do they wish to sell it to purchasers for future use?

What methods will be used to supply the benefit (value proposition) over time? What are the long-term objectives, and if any, are they realistic? The future vision is probably accurate if it seems too fantastic to be true.

Liquidity and Market Volume

It's crucial to remember that NFTs don't have the same liquidity as cryptocurrency coins. For individuals looking to invest in an NFT to make a profit, this could be an issue because you cannot sell an NFT into conventional currency nearly as readily as you can with cryptocurrencies. Some experts advise fractionalizing your NFTs, which entails dividing your NFT into smaller sections, to raise their liquidity rates.

Conclusion

Celebs have been influenced by this NFT wave as well. Many well-known celebrities and performers have joined the trend of producing and disseminating their own NFTs. These were the top celebrity's own NFTs, which you may be interested in investing in.

While buying and selling NFTs can result in enormous gains, there are a variety of blunders you can make along the way. The NFT market is now being abused by cybercriminals, and some NFTs aren't even worth purchasing. Therefore, be sure to give each factor careful thought before making a decision.

FAQs

How are NFTs produced?

Non-fungible Tokens, or NFTs, are typically produced using the same kind of coding as cryptocurrencies. These cryptographic assets are built on blockchain technology, to put it simply. They cannot be traded or exchanged in the same manner as other cryptographic assets. similar to Ethereum or Bitcoin.

How are NFTs unique?

NFTs are assets built on the blockchain that is distinct because their identifying information is stored in smart contracts. Celebrities have now used NFTs to tokenize everything, including music, images, and artwork. Here are some of the greatest Hollywood stars who participated in the NFT market and profited from it.

What’s in the future for the celeb-NFT market?

By enabling celebrities to provide their fan bases with distinctive, tradeable collectibles, NFTs are well on their way to upending the collector culture and generating a thriving market for them that didn't previously exist.

Celebrity-backed NFTs are successfully fusing the realm of crypto with modern culture in this new digital era. The truth is that these businesses are driven by creativity and innovation, and new NFT use cases for celebrities are continuously developing that will continue to foster a mutually beneficial relationship between them and their fans.

How do celebrities benefit from NFTs apart from monetary benefits?

Celebrities use NFTs to build strong online fan communities, which helps to close the gap between them and their enormous fan bases around the globe. Additionally, by providing unique access to real-world advantages.

These include backstage passes, ringside seats, signed merchandise, and other customized fan experiences, these digital assets have a tendency to deepen the bond between celebrities and their fans. However, these digital assets have other advantages for celebrities besides increased fan involvement.

Is NFT a good investment?

If investors are aware of the purpose of an NFT, they may choose to invest in it. The most common method of making money with NFTs is to sell them on online markets specifically for NFTs. Today, you can build, list, sell, and exchange NFTs on a number of different platforms and marketplaces.