Since the beginning of the pandemic, there’s been a cryptocurrency boom. Bitcoin has reached new highs alongside Ethereum, an open-source blockchain project that houses various crypto spaces, including non-fungible tokens (NFTs).
If you are unfamiliar with NFTs, they are a way to own art pieces in the digital space as a crypto token. Examples of NFTs include memes, gifs, texts, and audio. NFTs are also one-of-a-kind and irreplaceable.
For example, Jack Dorsey sold the first-ever tweet, and The Weeknd released a collection of music and artwork as an NFT for Nifty Gateway earlier this month.
On the other hand, Bitcoin is fungible, which means it can be traded for an identical bitcoin.
NFTs continue to explode in popularity and have made people a lot of money. Now Jeezy is among the group of artists to join the NFT club.
The Atlanta-based rapper will be turning his iconic snowman logo into a piece of digital alongside Liquid Avatar Technologies.
In an article for Hip-Hop N More, David Lucach, the CEO of Liquid Avatar CEO said: “NFTs have become an innovative way to sell art and engage fans, and early adopters in the music industry are now able to jump right into this evolving market and expand their global footprint. Jeezy’s iconic snowman logo and brand is the perfect fit for NFTs.”