Music

Eminem’s NFT Collection Made Nearly $2 Million

Eminem, who counts himself an avid collector of items like action figures, baseball cards, comic books, and $600 cassette copies of classic hip-hop albums, recently became the subject of a collection of valuable goods himself — with the caveat that those “goods” only exist digitally. Em released a collection of NFTs to take advantage of the swiftly expanding crypto bubble which included digital copies of the above-mentioned items last weekend, with the resulting sales raking in nearly $2 million. According to CryptoBriefing, the collection raised “just short of $1.8 million” on Nifty Gateway on Sunday.

Other stars, like The Weeknd have also released NFTs that have made over $1 million, but Eminem is arguably the biggest artist to enter the game to date. NFTs — or “non-fungible tokens” — are like a digital certificate of authenticity for a piece of art, keeping a sort of chain of custody within the code that is associated with the item, which may have a physical component. If that seems like a confusing explanation, Saturday Night Live actually repurposed an Eminem song to try to explain NFTs, with Pete Davidson and Jack Harlow employing the beat from “Without Me” to break down how the newfangled wealth laundering devices work. Eminem seemed bemused, but quickly announced his collection, which turned out to be a wise decision for the rap icon.

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