• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

Kanye West Shuns NFT Wave, Says He’s Focused On “Building Real Products”

Anifowoshe Ibrahim by Anifowoshe Ibrahim
4 months ago
in NFT
0

Guess who won’t be buying a Bored Ape soon? Ye.

Kanye West, the billionaire musician and businessman, has made it clear that he is not interested in joining the market for non-fungible tokens, which reached a worth of $41 billion last year – at least not right now.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Kanye West Believes NFTs Are Not Real

In a social media statement on Monday night, the American rapper and designer made it clear that he had no interest in entering the digital art world in that way.

In a strongly worded hadwritten post, the rapper said:

“My focus is on building real products in the real world. Real food. Real clothes. Real shelter. Do not ask me to do a fucking NFT.” But, West left the door open for joining the digital, blockchain fun down the line, adding, “ask me later,” to the end of the note.

kanye west nft

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

He noted that he has received a number of requests to create NFTs, or blockchain-based digital representations of music, art, and other objects.

Meanwhile, Kanye West is working on his Yeezy brand of sneakers for Adidas and his Yeezy clothing line for Gap. “Donda,” his most recent album, was released in August. As far as future West’s music is concerned, the rapper is currently at work on his forthcoming album Donda 2.

According to blockchain data company Chainalysis, the size of the NFT industry in 2021 grew to $41 billion, catching up to sales in the traditional art sector, which totaled $50 billion in 2020.

Related article | NFT Platform OneOf Seals Deal With Warner Music

Celebrities Are Torn On The NFT Market

Many musicians and celebrities, including rapper Snoop Dogg, Def Jam Recordings founder Russell Simmons, Paris Hilton, Eminem and Jake Paul,  and NFL player Tom Brady, have bought NFTs or expressed interest in the NFT market.

In 2021, Model Emily Ratajkowski, who sold an NFT portrait of herself titled “Buying Myself Back: A Model for Redistribution” via Christie’s. A growing number of celebrities have also gotten on the digital token bandwagon, including Grimes, Ja Rule, and Lindsay Lohan.

ETH/USD recovers from last week fall. Source: TradingView

Kayne West joins the growing number of NFT critics, which includes celebrities like Keanu Reeves. In an interview promoting the Matrix Resurrections, movie actor Reeves joked that NFTs are “easily reproduced.”

According to CoinDesk, those in the crypto space believe that 2022 will be the year of music NFTs, with the technology “inevitably change everything about music distribution and rewire the foundation of the music industry.”

Nonetheless, West has decided to stay away for the time being: “Ask me later,” he posted on Instagram.

Related article | Nas & Royal With New NFT Drop, Featuring Songs Off Album ‘Rare’

Featured image from NY1, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anifowoshe Ibrahim

Anifowoshe Ibrahim

Related Posts

Getty Images

Getty Images Teams Up With Candy Digital In Foray Into NFTs

3 days ago
Phishing

Phishing Scammers Steal Hollywood Comedian Seth Green’s Pricey Apes

4 days ago
The Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap

4 days ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

6 days ago
Avatars

Avatars For Ukraine – Top Video Game Artists, Celebs Create Poignant NFT Artworks

6 days ago
NFTs In A Nutshell: A Weekly Review

NFTs In A Nutshell: A Weekly Review

1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.