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Eminem joins the Bored Ape Yacht Club with a $452,000 NFT dressed like him.

 Eminem joins the Bored Ape Yacht Club with a $452,000 NFT dressed like him.

Eminem, one of the most successful musicians of all time and the only rapper to win both an Academy Award and a Golden Globe Award for Best Original Song, has joined the Bored Ape Yacht Club (BAYC) with his first ape buy of 123.45 Ether (approximately Rs. 3.36 crore). The rapper, who has won multiple American Music Awards and 15 Grammy Awards, has made the Ethereum-based ape his Twitter profile photo and is said to have amassed at least 15 non-fungible tokens (NFTs) on the most prominent NFT marketplace OpenSea.

The design, called "EminApe," features Eminem's distinctive Bored Ape figure wearing a khaki army cap and a gold chain necklace, both of which he frequently wears in public.

Meanwhile, a digital agency named Six has claimed credit for the transaction, as first reported by Decrypt, however, this is far from Eminem's first excursion into NFTs. The rapper owns 166 NFTs from 32 collections, according to Dappradar.

In April 2021, Eminem launched his first set of NFTs through Nifty Gateway. The total amount raised was just shy of $1.8 million (roughly Rs. 13.38 crore). Digital action figures, characters from classic Eminem videos, Mathers' original instrumental tracks, and rare tangible goods were among the items on display.

BAYC and MAYC NFT sales soared during the deal. Macy's seven-day trade volume of $93.02 million (approximately Rs. 692.86 crore) was up 93.41 percent on the day after news of Eminem's new ape purchase went out, while BAYC's weekly volume of $78.26 million (about Rs. 581.81 crores) was up 150.97 percent.

Do you want to learn more about cryptocurrency? On Orbital, the Gadgets 360 podcast, we talk about all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain. Orbital can be found on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and other podcasting platforms.

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