What is it?

The term NFT stands for non-fungible token and it’s a form of digital art that can be purchased with Ethereum, a cryptocurrency similar to Bitcoin, and can be exchanged for other NFT’s. The first NFT ever created was titled ‘Quantum’ and it was produced on May 2, 2014, by Kevin McCoy. Depending on what the NFT is or who made it, the value will fluctuate in price.

The National

Example

One example of  NFT’s being valued high is when artist Beeple (Mike Winkelmann) had a collection of 5,000 NFT’s bid for over $69 million in March 2021.  The collection featured various pop culture images and figures that were formed to look like a television tuning into CNN.

Given the opportunity to make loads of money off NFT’s, it starts to make sense why celebrities would invest in this form of digital art. On Nov 29, rapper Snoop Dogg debuted a new series of NFT’s featuring drawings of Snoop throughout his career in collaboration with the artist Coldie. Initially, the value of the  NFT’s was set at around 169 ether or $750,000.

There is however a darker side to celebrities getting involved in the NFT business. Back in November, Miramax Studios sued director Quinten Tarantino after he planned on selling early screenplay drafts from the 1994 movie “Pulp Fiction” as NFT’s.  Tarantino also planned on releasing personalized audio content with certain NFT’s, an impossible concept given how an NFT cannot produce any sound.

NFT Now

Besides possible lawsuits, celebrities also risk losing money when selling an NFT. Take the pop singer Grimes as an example. In February, Grimes issued over 300 NFT’s worth around $7,500 each. By November, a Grimes unit sold for a meager $1,200.

Environment

Another important factor that celebrities should consider when investing in NFT’s is the impact they have on the environment. According to Brightly, the energy consumption behind selling NFT’s is similar to the daily carbon footprint of Bitcoin mining which produces 38 million tons of CO2 a year.

On March 26, pop band Gorillaz was criticized for announcing that they were selling an NFT commemorating the 20th anniversary of their first album. The backlash stood from the hypocrisy of the band’s previous environmental activism on albums like 2010’s ‘Plastic Beach’.

So what does the future hold for celebrities and NFT’s? According to Domus, the value of the NFT market has skyrocketed from $340 million in 2020 to $14 billion in 2021. Earlier this year, the band Kings of Leon made NFT’s based on their album “When You See Yourself” which raised almost $2 million. Will other artists do similar stunts to raise money for their projects?

Outside of NFT’s, celebrities are also getting involved in the cryptocurrency market. Soccer star Lionel Messi is a global ambassador for blockchain developer Sirin Labs while boxing legend Mike Tyson has partnered with Bitcoin Direct, a cryptocurrency platform.

If you’re interested in finding out how technology is changing the music industry, check out our exclusive interview with Mark Walton and Red One  about their platform, SpotStar.

The post What’s up With Celebrities Buying NFT’s? appeared first on POP STYLE TV.

Diet Change

Whether you’re trying to lose weight or pack on muscle, your eating habits need to be altered. For those seeking a slimmer waistline, add leafy greens to your diet. But for those wanting to pack on the pounds and increase muscle mass, protein-based meals are a great option. A major factor in weight change would be modifying your sugar consumption—like pasta, desserts, and juices.

But finding substitutes could be fun, you’ll never know what hidden gems you’ll find at the supermarket. If you don’t know where to start, increase your water intake! Water not only regulates your weight. It can help improve your body inside and out, such as your skin and flushing out toxins.

More Active Lifestyle

Also, try biking when possible. If you have local errands to run, bikes are an ideal form of transportation. Cars and public transit may be the norm, but biking helps strengthen your lower body.

Realistic Exercise

Many people are intimidated by exercise. But there are different types of workouts to satisfy your body goals and your comfort level. The easiest are daily at-home workout routines. Pinterest is known for having unlimited options for exercise. Plus, if you’re seeking toning and muscles, you don’t have to break the bank for equipment.

For the truly dedicated, Peloton machines will be your best friend. It comes equipped with virtual trainers for inspiration, as well as daily classes. This is the closest you’d get to mirroring the gym, but be prepared to pay a pretty penny. But, Peloton offers free membership access for a limited time.

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