Saga is a Layer 1 blockchain protocol that allows developers to design their own dedicated chains for running applications. Learn more in this article.

 universe right now is the lack of accessible tools for developers. Many people interested in designing new 

 projects struggle to find the right software developer kits (SDKs) for their projects. The Saga ecosystem aims to fix this issue by providing unparalleled support to app and game developers. 

Can the Saga ecosystem really become the premier chain for web3 development? Keep reading to learn how it works and see whether it's likely to attract new developers.

 blockchain protocol. It allows developers to design their own dedicated chains for running applications. People who work on Saga all share the same security, scaling solutions and SDKs, but they each get their own unique chain that they can customize to suit their needs.

 of technology, crypto and finance enthusiasts. CEO Rebecca Liao is a co-founder of the Skuchain project, the designer of the 

 and a former international corporate attorney. Other members of the founding team include former Tendermint executive Jin Kwon, Blocktech Ventures founder Bogdan Alexandrescu and 

. They realized that there was a major need for a development-focused blockchain specifically designed for game project development. Saga's mission has attracted many major investors, 

Saga aims to create a new system for web3 project developers. Currently, most developers have to choose between the ease of working on an established chain like 

 versus the convenience and customization of designing their own chain. The Saga team realized that the most effective option for game developers would actually be a combination of the two types of development environments.

Saga wants to let developers set up their own sovereign blockchain so they can decide how things like 

 and transaction fees work. However, Saga also aims to provide extensive support for developers in its ecosystem. Its underlying framework ensures that people still have excellent security and a reliable validator set, no matter what their gaming project is.

 ecosystem, whose interchain web development standard is a set of protocols that allows a broad variety of blockchains to communicate with each other. The Saga network uses the 

 and the shared security system of the Cosmos ecosystem to manage the network, and has created its own Layer 1 chain that runs the entire Saga ecosystem and can do things like automatically launching 

The Saga Mainnet handles each developer's compiled smart contract binary. However, it also runs parallel dedicated chains that function as virtual machine (VM) modules capable of handling a specific set of smart contracts. End users for blockchain games and other apps interact only with the dedicated blockchain, while the developer's system manages the fees and individual transactions on the Saga Mainnet.

All of the chains on Saga are validated through optimistic coordination, which requires every Saga validator to validate each chain in the Saga ecosystem via 

 validation, verifying transactions by temporarily locking Saga tokens.

The Saga network contains a lot more than just the basic features offered through the Cosmos SDK and ecosystem. In addition to the software development tools and helpful interface for Saga's validators and developers, the ecosystem also contains the following features.

The overall layout of the Saga ecosystem starts with the Saga Mainnet. Built on the Cosmos hub, this framework includes a full validator set and a dedicated blockchain for handling all smart contracts. The basic protocols are passed on to each child chain in the system, and information is relayed back and forth between the main chain and all of the secondary chains. Saga's validators stake tokens, and then check to make sure every element of the topology follows Saga’s regulations.

 are a method for creating a dedicated blockspace that a developer can manage. These chainlets function as virtual machines that can handle smart contracts and automatically launch Celestia rollups. Each chainlet is its own blockchain that handles nothing but a specific gaming project. Developers decide on the gas fees they'll charge users, and can add chainlets as their projects expand and require more throughput from the remaining validators.

Saga's shared security relies on both the Cosmos hub and its own set of validators to secure the network. Validators on Saga’s network are monitored by auditors who can catch potential issues with individual dedicated chains. If anyone in the validator set fails to properly confirm a smart contract, their staked tokens are automatically confiscated.

 is a publishing system for gaming developers who want to create their own blockchains with help from Saga. It offers infinite scalability, seamless 

 and transactions without gas fees. In addition to use of the Cosmos SDK, developers who choose to publish their game through Saga Origins receive access to a variety of helpful marketing and distribution tools.

 is an interconnected blend of all the developers and projects in the Saga system. Though each sovereign blockchain is fully independent of others, they all join together to offer users a variety of exciting web3 projects. People interested in checking out the latest blockchain designs can join the Multiverse and browse all the neat concepts built on Saga.

To help get the Saga validator system started, Saga released 

 to its community members. People were eligible for the 

 if they had participated in the staking program or played in tournaments to promote Saga ecosystem games. The airdrop eligibility period required remaining validators and other participants to be active between January and October of 2023. Once the airdrop began allowing people to claim tokens, it continued to run until Mar 27, 2024.

 consists of four separate phases. The company has already completed the Andromeda and Cassiopeia phases, which focused on designing the Mainnet and setting up the system of Saga validators. Currently, the Saga team is in the Pegasus phase, which is about releasing tokens and opening the Saga Mainnet to the public. Sometime in late 2022, Saga’s team hopes to reach their Mainnet V2 phase, which will prioritize a new version of the Saga Mainnet with more features and options for dedicated blockspace.

SAGA tokens are the primary method for paying fees on the Saga network. These tokens are also used for staking, and function as a method of confirming Saga transactions. There are a total of 

, of which around 90 million have thus far been released. Saga plans to distribute its tokens as follows:

SAGA is still in the early stages of its token launch. However, it’s already surprised investors, having debuted at $4.91 on Apr 9, 2024 before quickly surging to its ATH to date of $7.60. It then steadily declined over the next few days to its current price of $3.06 as of Apr 19, 2024.

 SAGA, with its experts believing SAGA’s price will reach $15.73 by 2025 and decrease in 2027 to $6.27, before rising again to $13.45 by 2030. This bullish sentiment is amplified by analysts at Changelly, 

 SAGA’s price will increase to $6.91 in 2025, $14.21 in 2027 and $44.36 in 2030.

Looking to trade Saga tokens? Bybit now offers SAGAUSDT Perpetual contracts. To get started, you’ll first need to 

, then fund it with cryptocurrency and navigate to the 

SAGA has done an extremely impressive job of attracting users, and seems poised to become the big coin debut of April 2024 with its high price.

However, it's hard to say whether SAGA can maintain its price in the long run. It's quite common for new startups to have a strong start and then drop in price once their project fails to take off. If the Saga ecosystem can’t attract new developers and continue to release impressive projects, investors could see some major SAGA losses in the future.

Since this coin is so volatile right now, investors need to 

. It has the potential for both big profits and big losses, so you’ll want to carefully consider how these price shifts might affect your portfolio. For best results, avoid investing more than you can afford to lose, make sure you diversify your investments — and 

By offering developers the chance to create their own dedicated chains, Saga offers a more convenient and scalable system for blockchain gaming. Its helpful features and low transaction fees have already attracted many people, and it's no surprise that many others are interested in the project. Furthermore, SAGA tokens have had a promising start with extremely impressive growth. If the Saga company can successfully capitalize on its early buzz, it has a bright future.

Intermediate

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Saga (SAGA): Catalyzing the Multiverse With Scalable Chains

Discover Masa, a platform empowering individuals to control and monetize their data, decentralizing AI storage and promoting ethical data sharing.

Few areas of the crypto industry are as popular these days as artificial intelligence (AI). AI-related tokens and projects experience some of the highest growth rates, with particular interest attached to generative AI technology and large language models (LLMs), all thanks to OpenAI's massively popular ChatGPT tool. This is no surprise, as blockchain technology has the potential to address many of the limitations of LLM algorithms, particularly those related to the issues of data and centralization of AI models.

The Masa network (MASA) is a new AI-focused crypto platform that brings a fresh paradigm to the world by allowing individuals to control and monetize their personal data. Its platform also contributes to the AI revolution by decentralizing the storage of both the user data and the LLMs utilizing it.

 (MASA) is a blockchain platform that provides access to user-consented, hyper-specific behavioral and personal data and decentralized LLM algorithms. 

The platform launched its operations on Apr 11, 2024. Masa operates as a subnet on the 

 (AVAX) blockchain. To enable cross-chain functionality, it has also integrated 

 technology. This lets Masa bridge assets, initially to two key blockchains, 

 (BSC), with additional chains to be added in the future.

Masa provides user-consented AI data that’s stored in a decentralized way. As of mid-April 2024, more than 40 million data points from over 1.4 million 

 user wallets are available via its permissionless data layer. Masa represents an entirely new decentralized AI paradigm: while most data providers use centralized storage solutions, its platform's data is always stored in a decentralized, blockchain-based format.

The data made available via Masa’s platform is user-consented for collection and privacy-protected using its Zero-Knowledge 

 (zkSBT) technology, which allows users to share their personal data securely and confidentially by storing this encrypted data on the blockchain. Thanks to the zkSBT, users can share fairly detailed personal data while protecting their identities and the specifics of their online activities.

This user-consented data is directly sourced from users through the Masa App and Masa Chrome browser extension with their consent. Users have complete control over their data, which is collected in a highly detailed, verified and ethical manner. 

As such, it's different from the typical user-aggregated data collected from the internet by companies. Compared to user-consented data, user-aggregated data tends to be less granular and, obviously, has ethical strings attached to it: in most cases, users don't consent to the collection of such data, or (at best) provide reluctant consent by clicking on annoying "Accept All Cookies" buttons.

While focusing mostly on user-consented data, the Masa platform also offers developers a way to access user-aggregated data for a richer data network. Using Masa's web data scraper, developers can extract data from websites, social media posts, blogs and online databases.

User-aggregated data is collected by data node workers via the Masa Oracle network and Masa Chrome extension and stored on the platform, benefiting from the 

In addition to datasets, Masa enables the decentralized execution of LLM algorithms, facilitated by the Oracle node workers, who leverage their surplus CPU and GPU computing power to run open-source LLMs for fine-tuning AI models.

The Masa project aspires to achieve goals crucial to the development of all data and AI industries. First, Masa allows individuals to completely control their own personal data by choosing what to share with the outside world while protecting their confidentiality. The blockchain-based storage mode also ensures the security of the stored data. Additionally, users can monetize access to their personal data, becoming a major beneficiary of its use.

All of these benefits are in stark contrast to the traditional way user data is collected, stored and used on Web 2.0 platforms. In this traditional mode, one is often unaware of what personal data is collected about them, as well as when and by whom. Although the data used for analytics purposes might be in an aggregated form, together with the details of other online users, individual users are still part of the "guinea pig" cohort whose details have been unceremoniously extracted and utilized without their knowledge or consent.

Moreover, when hit online with some fairly relevant advertising based on past search phrases, one begins to realize that data isn't always used in an aggregated format. In fact, its utilization can be quite personalized. And of course, in the traditional mode of data collection, we’re all rarely reimbursed for the data we share.

Another aim of the Masa project is to provide a secure and efficient decentralized infrastructure for running LLM algorithms. Traditional, centralized hosting solutions for AI models face challenges, such as technical capacity and security issues. For instance, many centrally hosted LLM-based solutions suffer from performance degradation when large numbers of users access them simultaneously. Masa's approach to leveraging decentralized resources for running open-source LLMs efficiently addresses these capacity limitations, providing enhanced scalability and reliability for AI applications.

Masa operates as a subnet on the Avalanche blockchain, using cross-chain communications supported by LayerZero to access other networks as well. Avalanche subnets are completely independent 

 networks with their own set of rules and functionalities. Subnets, including Masa, use Avalanche's validators, or a subset of validators, to secure the network and achieve consensus.

Besides the validators, the Masa network has another type of functional nodes — 

. These special Masa nodes play a critical role in providing structured data and advanced AI models while prioritizing data privacy.

The Masa Oracle network acts as a decentralized web scraper, gathering data from the internet and organizing it for AI training and development. This approach gives developers access to hyper-personalized training data to improve language model performance. It also supports the decentralization of LLMs, making them easily accessible without complex setup.

As mentioned above, users can manage access to and monetization of their personal data via Zero-Knowledge Soulbound Tokens (zkSBTs), which provide a secure way of providing access to users’ personal data without compromising their privacy.

 is the main gateway for users to interact with the Masa platform. It lets them provide access to personal data and earn crypto rewards by staking data in four different ways:

Masa’s native cryptocurrency, MASA, is a utility and 

 used to reward users for providing their data to the network. 

 MASA also earns you crypto rewards. Entities who wish to utilize data held by the network pay for access to it in MASA tokens. The token is also used to reward the Oracle nodes.

As a governance token, MASA lets you participate in votes on any changes and upgrades to the platform's rules or fee structure.

The token's supply economics doesn't specify a maximum cap. MASA's total supply is 1,588,866,523, which will be released gradually over a period of around four years starting in April 2024. Token supply allocation shares are per the table below.

The MASA token is available on Bybit via a 

. Bybit's Spot and Derivatives markets provide you with opportunities to trade hundreds of cryptocurrencies and crypto-based products. If you don’t have a Bybit account, you can easily 

 to access Bybit's range of crypto products and assets.

The Masa network is a refreshing addition to the data industry, whose user consent and privacy have been under attack for many years. The Masa platform puts data ownership in users' hands, allowing them to control access to their data and benefit from its monetization. As online privacy concerns and invasive Web 2.0 advertising shenanigans grow, more users will be attracted to Masa's unique data concept.

In addition to allowing individuals to control and monetize their data, Masa also contributes significantly to the development of 

, which is important because the decentralized mode of data and model storage championed by the platform has the potential to solve many technical limitations of LLMs and other types of AI algorithms. This is a network full of merit and promise; all it needs now is wider recognition and user adoption.

Advanced

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Masa (MASA): Powering AI With User-Centric Data Monetization

Today’s outperformer is LSK, which jumped 17.63% after Lisk partners with Velodrome to enhance blockchain access and drive ecosystem growth.

The SPX index is down 0.22% as the market anticipates less Federal Reserve rate cuts, considering the possibility of no cuts this year. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 4.18% and 3.19%, respectively in the past 24 hours.

Lisk (LSK), launched on May 2016, is a cryptocurrency platform that enables developers to build decentralized applications (dapps) using JavaScript and TypeScript. It supports custom "sidechains" within its network, offering tools like a software development kit. Lisk has announced a partnership with Velodrome to support and expand its blockchain ecosystem. Lisk will purchase and lock $VELO tokens for voting, directing VELO emissions to key pairs on Lisk. This collaboration aims to support existing protocols on Lisk, attract new developers, and enhance blockchain accessibility and adoption in emerging markets. Velodrome will back Lisk's Layer 2 initiatives, aligning with the goal of creating a scalable, interoperable Ethereum future.

Check Out the Latest Prices, Charts, and Data of 

The Runes protocol is set to debut alongside Bitcoin's 2024 halving, heralding a new phase in Bitcoin's evolution by enabling the creation of fungible tokens directly on its network. This follows the impactful Ordinals protocol, which significantly expanded Bitcoin's functionalities. The Runes protocol will spark competition among developers to issue and acquire the first tokens, with global exchanges ready to support these tokens from day one. The halving event will also feature a race to mine a highly valuable "Epic" satoshi. As Bitcoin approaches this transformative era, extensive preparations and educational initiatives are underway to equip users for the forthcoming changes, marking a profound shift in Bitcoin's operational and cultural landscape.

Spot Bitcoin ETFs have yet another day of outflow, however, yesterday’s outflow was close to neutral. The market has seen fluctuating flows in these ETFs, with significant activity in some and none in others, reflecting mixed investor reactions. Recent substantial outflows echo trends from March, but analysts regard such fluctuations as typical for ETFs and not indicative of failure. Despite this volatility, the outlook for Bitcoin ETFs remains positive as they continue to draw institutional interest and shape market dynamics.

Avail, a blockchain data-availability protocol developed using Polygon’s SDK, has announced an airdrop of 600 million AVAIL tokens, marking its one-year anniversary since spinning off from Polygon Labs. The "Unification Drop" aims to bring together various blockchain communities by rewarding developers, governance contributors, educators, rollup users, stakers, and others who have significantly contributed to the ecosystem. Avail's infrastructure includes three segments: Nexus for cross-chain transactions, Fusion for liquid staking on chains like Ethereum and Bitcoin, and DA for scaling rollups through technologies like KZG commitments. The airdrop will distribute tokens to 354,605 wallet addresses and includes significant allocations for various roles across multiple blockchains, including Ethereum, Bitcoin, Solana, Cosmos, and more, emphasizing a unified Web3 environment.

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Runes Protocol Revolutionizes Bitcoin with New Token Capabilities Ahead of 2024 Halving

Nolus is a decentralized finance lending protocol with cross-chain capabilities. Learn more about how it works in this article.

One of the big advantages of decentralized finance (

) is that it provides more options for users. People who cannot get traditional loans because a typical bank deems them "high-risk" can turn to the DeFi sector to borrow crypto assets. The Nolus Protocol is a new DeFi lender that offers users all sorts of exciting opportunities. To see how this intriguing project works, explore this guide to learn all about Nolus.

 is a DeFi lending protocol. It has cross-chain capabilities that let people choose the most favorable rates possible and avoid the need to save up funds for liquidity.

Nolus was founded by Ivan Kostov and Kamen Trendafilov. Kostov worked in traditional finance, while Trendafilov has a background in marketing and business. During their time in these sectors, Nolus's founders realized that blockchain networks had the potential to revolutionize banking. They decided to join together and create a new leasing system that makes the most of DeFi products instead of just trying to mimic past banking methods.

Nolus started work on its plans in 2022 and officially launched its mainnet in 2023, having successfully completed several investing rounds and receiving 

 Token Metrics, Autonomy Capital, Everstake and more.

Nolus aims to tackle three problems common in crypto lending markets:

 software developer kit (SDK). Its code is entirely open sourced, and is updated and changed only when all stakeholders in the Nolus community vote to do so. According to the Nolus white paper, its ecosystem’s goal is “to build a novel user experience–driven automated money market” that facilitates direct interactions between lenders and borrowers without involving any other users.

The Nolus lending method starts with lenders choosing to supply 

 to the system. Any borrower who submits a down payment can get a loan from this supply of stablecoins. Both the coins and the down payment are 

, and interest is determined based on the value of the items. There’s no fixed repayment schedule, but the smart contracts ensure that interest is automatically removed from the collateral, and then paid to the lender at regular intervals. Once the user decides to repay the lease, the original assets are released from the smart contract.

Nolus's lending protocol includes many ways for customers to profit and enjoy convenient services. Here are the main DeFi products you can access through Nolus.

DeFi leasing on Nolus is designed to be as convenient as possible. Customers don’t have to go through a lengthy application or pay a lot of fees to other users. You just enter your collateral and get a loan of up to three times the value of the initial investment. Interest rates vary between 11% and 18%, based on the market value of the digital assets. The 

 allow the loan to be repaid on your own schedule. However, keep in mind that you pay more interest if you wait a longer amount of time to repay the loan.

If you want to earn money based on your existing crypto, you can join one of the many 

 on Nolus by submitting stablecoins in exchange for interest-bearing Nolus crypto. When you're ready to withdraw your funds and stop participating in DeFi leasing, you can cash out your Nolus tokens to receive your initial asset, plus any additional interest or network fees you’ve earned.

Nolus's system of money markets isn't the only thing they provide. Users who decide to 

 a crypto asset on Nolus can earn more money. The Nolus ecosystem offers the option of staking NLS tokens in exchange for various incentives. Lenders receive higher amounts of rewards for lending stablecoins, and borrowers get a lower interest rate.

Nolus has had some impressive growth since its launch in 2023. In just six months, the lending protocol has assisted with thousands of loans, collectively worth $8.6 million in total. Its team calculates that they've managed to achieve an average 

Nolus hopes to expand on this momentum in 2024. Its main plan is to continue marketing the lending protocol heavily, attracting more users who want to do their own research and find the best possible loans. To further attract users from the DeFi sector, Nolus aims to add more support for other crypto tokens and increase network liquidity. Nolus stands for community-led governance, so they don't have a long-term road map in place. Instead, they plan to evolve and adjust to suit whatever community needs arise in the future.

. It allows users to adjust their interest rates, and it's also a 

. People with NLS tokens can vote on how the platform is run and help implement new changes for the platform. The NLS token has a total supply of 1 billion. Nolus’s plan is to gradually mint tokens over a ten-year period, and implement a token buyback program to help maintain value. NLS token distribution will be as follows:

When the NLS token was released in the summer of 2023, Nolus prices were fairly stable. However, now that investors can sell their NLS tokens, prices have become more volatile. Starting in December 2023, NLS prices 

, and although the token currently seems to be dropping from its all-time high of $0.10, more price increases seem likely in the future.

Not only is the market for the NLS token quite bullish right now, but the Nolus lending protocol is also attracting a lot of positive attention in the crypto space. If the network can maintain its positive attention and attract more users, prices seem likely to rise even further. CoinCodex predicts Nolus prices will stay in the $0.04 to $0.19 range for 2025, and hit 

. This attitude is backed up by crypto influencers such as Crypto Revolution, 

 an underrated crypto with a lot of potential for growth.

The Nolus project is a well-thought-out crypto protocol that offers users significant advantages. Its innovative approach to lending could potentially attract a lot of users from the DeFi space. In addition to having a reliable system backed with effective technology and a detailed white paper, NLS digital assets have also experienced some promising growth patterns. The crypto asset has had a slow yet steady climb in price, and now that it's trending in crypto news, it seems poised to take off.

However, keep in mind that it's still important to 

 on digital assets. Some crypto investors might find it concerning that the Nolus project is mostly backed by marketers, instead of blockchain enthusiasts. There have also been some tech issues, such as the 

 that led to some unnecessary margin calls. Subsequent issues could limit price appreciation of its crypto assets. Therefore, it's necessary to approach Nolus with caution and not overextend your finances.

Nolus's DeFi lease system allows people to obtain easy access to crypto. Its innovative approach provides investors with significant advantages. Unlike traditional finance, there's no lengthy application process, and in contrast to many other blockchain networks Nolus doesn't have frequent margin calls or high network fees. As long as Nolus doesn't run into any technological issues or financial problems, its network is likely to have a lot of success in the DeFi space.

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Nolus (NLS): Crafting Liquidity's Future With Leading DeFi Leases

Bybit Learn

Celebrities are jumping on the NFT train and coming up with their own celebrity NFTs. Find out the impact they have and if these NFTs are a good investment.

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From famous supermodels like Kate Moss to thriving musicians like Steve Aoki, celebrities of all stripes are actively supporting 

. Some are avid fans of digital art. Others see celebrity NFTs as a way of giving back to society. Whatever their motives, their massive impact on the digital marketplace is undeniable.

In this article, we’ll discuss how celebrities are driving the NFT craze. We’ll also explain some of the most prominent celebrity-run tokens, giving you a brief overview of what the stars are offering. Finally, we’ll explain why celebrity NFTs can be worth the investment for people interested in supporting charitable causes.

Celebrity NFTs are non-fungible tokens that are created, promoted, or owned by celebrities. By lending their star power to NFT collections, actors, athletes, and musicians significantly raise the profile of these digital assets.

Most celebrities with their own NFTs see the tokens as a way to deepen their connection with fans. Snoop Dogg, for example, created digital art that harkens back to the imagery and themes that defined the earlier stages of his career. By bringing his trademark style into the digital sphere, he’s maintaining his place on the cultural frontlines.

Celebrity NFTs can also raise massive amounts of money for meaningful charitable causes. Ellen Degeneres, for example, 

 by selling NFTs of her bad cat drawing. Musician Shawn Mendes used the proceeds from his NFT collection to support young artists. Paris Hilton 

, a charity organization that helps feed struggling seniors. These examples show how well-meaning people can use celebrity NFTs to fund important social projects.

For other celebrity NFT producers, the tokens serve as a way to fight for social and cultural change. The model Emily Ratajkowski 

 of herself standing in front of a once-appropriated image, thereby reinforcing the idea that models should have the right to profit from their own images. This important message is meant to be empowering to creators from around the world.

Some celebrities may also be investing in NFTs as an asset, hoping their support of a collection will increase the price and boost the value of the tokens they’ve already purchased. When considering celebrity NFTs, it’s worth remembering this potential motivation. 

While most celebrities profess noble reasons for their involvement in NFT markets, investors and traders should remember that actors and musicians are neither omniscient nor omnibenevolent. In some cases, celebrities have supported collections that ended up being 

. It’s your responsibility as a trader to bring a healthy skepticism to all potential investments, including those that have been promoted by your favorite celebrities.

How Have Celebrities Driven NFT Adoption?

Celebrity NFTs demonstrate what a substantial effect famous people can have on societal norms and customs. Thanks to the participation of famous actors, musicians, athletes, and internet celebrities, non-fungible tokens have gone entirely mainstream. Whether they’ve participated in the market or not, Americans are discussing digital art and NFTs around the dinner table. Celebrity NFTs are likely what brought the technology to their attention in the first place.

Not only does celebrity involvement normalize the NFT marketplace, but it also drives greater trading volume. Popular collections like the 

 (BAYC) exploded when celebrities like Jimmy Fallon revealed their participation.

Impressionable people have long modeled their behavior on celebrities’ conduct, and an entertainer’s purchase of a token is often enough to convince a trader that they should follow suit. Whether this dynamic is positive or negative for traders and their digital wallets, it has certainly played a major role in defining the development of the NFT space.

There are countless examples of celebrities raising a collection’s profile by purchasing tokens. By learning more about specific cases, you can further your understanding of celebrity NFTs.

For months, a trader using the pseudonym Cozomo de’ Medici bought some of the oldest and most prominent NFTs on the market. In September 2021, the world learned that this mysterious trader was none other than the rapper Snoop Dogg. Before launching his own token, Snoop had amassed a collection of NFTs worth more than $17 million. He also made headlines by 

The Bored Ape Yacht Club is perhaps the most famous NFT collection in the world with many celebrity members, including Eminem, Justin Bieber, and Neymar Jr., owning it. Snoop Dogg’s token is of an ape wearing a cheetah-print coat. By announcing the purchase on 

, the rapper helped attract even more attention to the collection.

Steve Aoki, a musician and producer known for his lively performances and streaming hits, raised the profile of the Clone X collection by purchasing a token in December 2021. He paid 13.95 ETH, or about $42,000, for the collection’s token #2004. Featuring a surreal octopus hat and a respirator mask, the figure is as beautiful as it is bizarre. Unsurprisingly, the participation of a famous musician gave the collection added cache.

Aoki has become a significant supporter of celebrity NFTs. He owns over 200 tokens, including some belonging to famous collections like the Bored Ape Yacht Club. He has also been outspoken about his optimistic take on NFTs. The musician sees the technology as a revolutionary breakthrough that will help artists support themselves in a thriving digital marketplace.

Nobody better represents the current era than internet celebrities like Logan Paul. While plenty of actors, musicians, and athletes have used online channels to augment their fame, creators like Paul developed their wealth and public personas entirely within digital spaces. This makes them likely candidates to support celebrity NFTs.

Paul is a YouTube creator with over 23 million subscribers. He’s used his tremendous wealth to spend over $3 million on NFTs. In January 2022, he purchased a VeeFriends token for 90 ETH, or $290,000. He explained his motivation on Twitter, telling his followers that he valued the collection’s creator, Gary Vaynerchuk, as an innovator and visionary. Paul has since announced plans for his own collection of celebrity NFTs, which will include tokenized versions of polaroid pictures.

The singer Justin Bieber is a massive fan of celebrity NFTs, and he’s made several high-profile purchases. His holdings, which amount to over 2,000 tokens, include NFTs from popular collections like BAYC, Clone-X, and World of Women. While many of his purchases received significant attention at the time, it was buying an Alien Frens NFT that most clearly demonstrated his ability to influence the market.

 token for 2 ETH. In the immediate aftermath of the purchase, the floor price for an Alien Frens token jumped to 3 ETH. This obvious shift allows observers to see how celebrity endorsement can boost the price of an NFT.

For many celebrities, launching or promoting an NFT is about more than simply making money or maintaining a prominent place in popular culture. Actors, athletes, and musicians have raised serious money for charitable causes by creating or purchasing meaningful celebrity NFTs. Some of these projects also include digital art that promotes positive messages.

When discussing the best celebrity NFTs, it’s best to start by analyzing the meaningful projects that truly make a difference. Many celebrities profess to seeing ethical tokens as a way of giving back to society. By learning a bit more about these collections, you can decide whether investing in meaningful NFTs is a good idea.

The world of blockchains, cryptocurrencies, and NFTs remains a largely male-dominated space. Creator Yam Karaki has worked to change this dynamic by launching 

, an NFT collection explicitly marketed toward female traders. Reese Witherspoon, the famous American actress, contributed to the collection’s popularity by purchasing a token.

Witherspoon’s involvement with World of Women extends beyond simply buying NFTs. Her company 

 has formed an extensive partnership with the project. The company hopes to help the collection create additional content. By expanding on the characters in the World of Women collection, Witherspoon’s company could help create an even more meaningful movement.

Former NBA superstar Shaquille O’Neal, commonly known as Shaq, has long been a prominent champion for youth groups and underserved populations. His 

 has teamed up with the Boys and Girls Club of America to help underprivileged youth across the United States. Now, he’s capitalized on the mania for celebrity NFTs to raise even more money for the cause.

 in December 2021. Within a week of the initial launch, the project had raised $2 million. Coinciding with the holiday season, the token’s immediate success helped raise spirits and boosted important charitable work in countless communities. Bolstered by the project’s success, Shaq is planning further involvement with NFTs and the metaverse.

Musician Shawn Mendes has shown how artists can launch celebrity NFTs alongside more traditional artistic endeavors. When he released his album “Wonder,” he also paired up with the NFT-producing company 

 to release a set of digital products. The digitally “wearable” tokens included images of necklaces and earrings, and the collection had produced more than $1 million in sales after just 10 minutes.

Mendes could have used his impressive digital earnings to bolster his bank account, but he had a more meaningful plan. The musician announced on Instagram that the money from his digital sales would go toward grants for young artists around the country. By empowering his fellow creators, Mendes is helping to make the world a more beautiful place.

While many people have capitalized on celebrity NFTs to raise money for charity, model and actress Emily Ratajkowski has found another way to make digital tokens meaningful. When the artist Richard Prince put Ratajkowski’s image on canvas, she had to buy the image back for $81,000. Now, she’s selling a picture of herself standing in front of the image as an NFT.

For Ratajkowski, the NFT marketplace represents a place where women can control their own artwork and images. By creating this new token, she has linked the general idea of empowerment and artistic control with the concept of an NFT. Her action demonstrates how digital tokens can give artists and models greater autonomy and control.

Perhaps supermodels, many of whom spend their entire careers watching others profit from their hard work and beauty, are particularly inclined to recognize the potential benefits of NFTs. Kate Moss, a model with a decades-long track record of global success, has joined Ratajkowski in releasing her own tokens. The celebrity NFTs feature intimate videos of Moss engaged in 

. The most provocative is called “Sleep With Kate,” and it shows the model dozing while wrapped in white sheets.

Moss is doing more than simply raising awareness about NFTs. She has also donated all $17,000 she made from the tokens to 

, a non-profit organization that helps girls and young women discuss difficult issues. By raising awareness and funds simultaneously, Moss has successfully turned her image into a powerful force.

Cara Delevingne is another supermodel who has turned her attention toward the world of celebrity NFTs. She has taken advantage of the technology to raise awareness about an essential cause while simultaneously donating funds to charitable organizations doing important work around the world.

Delevingne’s token consists of a video of herself reciting an inspiring poem. Centered on themes of ownership and female empowerment, the imagery is both raw and provocative. She collaborated with artist Chemical X on the project, and the results are breathtaking. The earnings from the sale went to groups involved with environmental justice, female empowerment, pandemic-related healthcare, and LGBTQ causes.

Today, Twitter is a massive public square at the center of most political and social controversies. In 2006, it was a new concept that existed primarily in the imagination of founder Jack Dorsey. When Dorsey created the world’s first tweet in 2006, he couldn’t have imagined what his platform would become. Now, over 15 years later, he’s turned that original tweet into an NFT.

 simply read, “just setting up my twttr.” Despite the brevity and simplicity of the message, the associated NFT sold for $2.9 million. Evidently, internet enthusiasts were eager to own a little piece of online history. Dorsey, an avid crypto evangelist and big-time philanthropist, announced that the earnings would be converted into bitcoin and then donated to help fight COVID-19 in Africa.

Now that you’ve learned about celebrity NFTs and seen some prominent examples, it’s time to decide whether investing in these tokens is good for the world and your crypto wallet. First, let’s analyze whether celebrity NFTs are successful mechanisms for improving society. Then, we’ll examine the soundness of celebrity NFTs as investments and discuss the potential drawbacks.

As described above, many celebrity NFTs do an excellent job of raising money for charity. Shaq’s tokens, for example, quickly earned over $2 million in revenue, all of which went to help children. There’s not much to criticize in a project like that. Shaq’s NFT collection acts like many celebrity auctions and giveaways. Athletes often sell autographed apparel and donate the money to charity. Shaq did the same thing but with digital art.

More nuanced projects like Emily Ratajkowski’s token are more difficult to assess, but they still seem to have a positive impact on society. However you feel about sexualized images and the best way for young women to represent themselves, you can probably agree that creators deserve a say over the public use of their images. By reclaiming her rights in such a public way, Ratajkowski has likely inspired other creators, and especially young women, to be more forceful in their demands for fair treatment.

It’s worth noting that celebrities might not have purely selfless motives for releasing NFTs. Many stars maintain their celebrity status through ceaseless self-promotion, and producing digital art might represent one more avenue for demanding attention. All the same, much of this self-aggrandizing work brings genuine benefits for society, so there’s nothing wrong with supporting it by purchasing tokens.

While celebrity NFTs can certainly make the world a better place, they might not always represent the best investments. There’s no way to know how a token will do in the market, and some digital artwork will see its value plummet. Also, traders should always remain wary of potential scams. Even celebrity-endorsed projects have ended as

. Celebrities are just as human as anyone else, so it’s your job to make sure their poor judgment doesn’t lead you astray.

If you’re a fan of digital art and you want to support charitable causes, then celebrity NFTs are worth considering. Countless stars have endorsed or launched projects, and they’ve succeeded in raising millions of dollars. With a bit of research and constant awareness of the inherent volatility of NFTs, you can make a worthwhile habit of investing in celebrity tokens.

Celebrity NFTs: The Impact Celebrities Have on NFTs

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