Saturday, May 21, 2022

Celebrities that rode the crypto wave in 2021

189
SHARES
1.5k
VIEWS

Related articles



Overshadowing its glory in earlier years, the crypto ecosystem managed to keep up a year-long highlight all through 2021. Key catalysts embrace mainstream adoption of Bitcoin (BTC), a meme coin frenzy driven by Shiba Inu (SHIB) and Dogecoin (DOGE), and proactive participation from standard celebrities and authority figures.

The 12 months 2021 witnessed a higher influx of influencers and celebrities to the area than ever earlier than. All the best way from mainstream tech entrepreneurs and presidents to rappers and actuality TV stars, celebrities have gotten concerned in crypto in their very own distinctive methods. Whereas some selected to create their very own variations of crypto ecosystems and tokens, others helped unfold consciousness of varied initiatives. 

As a tribute to all those that confirmed involvement in our world of crypto, let’s take a look at a few of the most influential celebrities that left a mark on the crypto ecosystem, in no specific order.

Snoop Dogg

Legendary rapper Snoop Dogg has all the time been an early adopter and promoter of know-how and way of life merchandise. Though somewhat late, the musician entered the crypto area through an NFT collaboration named “Decentralized Dogg.” 

Snoop’s mainstream recognition has additionally led many token creators to market Snoop Dogg-branded cryptocurrencies over the previous few years, however the musician has warned traders of getting no involvement in such initiatives.

Nayib Bukele

Because the President of El Salvador, Nayib Bukele has been the torchbearer for Bitcoin’s mainstream adoption as a authorized tender. Along with taking part in a significant function in legalizing Bitcoin and constructing a related infrastructure to assist the Bitcoin financial system, Bukele stays lively on Twitter to announce the assorted Bitcoin-driven initiatives of his authorities. 

Regardless of robust preliminary opposition in opposition to Bitcoin’s use, Bukele now procures Bitcoin each time its market worth goes down. Complementing this transfer, the Salvadoran authorities has been reinvesting unrealized features from Bitcoin to fast-track the event of the Central American nation.

Elon Musk 

Tesla and SpaceX CEO Elon Musk made his mark on crypto when he began publicly endorsing Dogecoin (DOGE) again in 2020. Nonetheless, Musk continues to show support for the meme coin by committing to just accept funds in DOGE for varied services and products supplied by his corporations.

On account of Musk’s assist, the market value of the DOGE token has surged multi-fold regardless of being created for the aim of mocking the crypto ecosystem. DOGE’s recognition has additionally sprouted dog-based meme tokens, Shiba Inu (SHIB) being one of the crucial outstanding. 

Naomi Osaka

Naomi Osaka, a high skilled tennis participant from Japan, introduced her entry into the crypto area after diversifying her portfolio in cryptocurrency, noticing the hype round Dogecoin.

Osaka’s introduction to crypto was fueled by the crypto community on Twitter. The athlete has additionally launched and promoted varied NFT initiatives, and within the course of, has made a report as the most costly NFTs being bought by knowledgeable tennis participant.

Lionel Messi

The worldwide soccer legend Lionel Messi was one of the crucial high-profile gamers to get linked with the crypto ecosystem in 2021. When Messi signed the deal to hitch Paris Saint-Germain soccer membership, part of the wage bundle included payment in the club’s fan tokens. 

Fan tokens are a part of a rising sub-ecosystem that goals to extend fan engagement by permitting them to weigh in on sure membership selections. Different standard soccer golf equipment which have launched fan tokens embrace Manchester Metropolis and AC Milan, simply to call a pair.

Mark Zuckerberg

Zuckerberg’s entry into crypto has been long-awaited ever since Fb launched the white paper for the Libra cryptocurrency again in 2019. Regardless of federal strain to finish experimentations with crypto, Zuckerberg rebranded his social media company Facebook to Meta on Oct. 28, positioning itself as an early fowl of the budding metaverse ecosystem.

Meta envisions creating a centralized metaverse world that may function a income supply for on-line creators. Following Zuckerberg’s footsteps, main tech giants together with Microsoft, Epic Video games and Alibaba have began exploring enterprise alternatives throughout the metaverse ecosystem. 

Kim Kardashian

The thrill round crypto this 12 months additionally obtained caught up with Kim Kardashian. The fact TV celebrity marked her entry into crypto by selling Ethereum Max (EMAX), an untested cryptocurrency token, on her official Instagram account. 

Whereas the transfer to market (or reasonably, shill) a cryptocurrency has turn into widespread observe for influencers throughout all demographics, Kardashian’s involvement in selling EMAX backfired as United Kingdom’s Monetary Conduct Authority accused her of deceptive followers by selling speculative tokens. The FCA has additionally famous that scammers pay influencers to promote get-rich-quick schemes and normally find yourself operating away with the traders’ cash. 

Kim Kardashian has additionally beforehand used her Instagram account to promote physical Bitcoin chips on a charity poker night time out.

Soulja Boy

American rapper Soulja Boy has been one of the crucial vocal celebrities on Crypto Twitter in 2021. From exhibiting assist for cryptocurrencies and Bitcoin through Twitter to promoting “Crank That”-branded NFTs, Soulja Boy made sure his presence was felt throughout the crypto neighborhood. 

The hip-hop star has publicly disclosed proudly owning Binance Coin (BNB), Tron (TRX) and altcoins. Again in 2018, Soulja Boy launched a track named “Bitcoin” and even delivered on the track’s lyrics: “I made 100 racks off of Bitcoin.”

Whereas the rapper’s entry was welcomed by the neighborhood, he quickly attracted controversy after allegedly revealing getting paid for selling a yet-to-be-established crypto venture.

Paris Hilton

Paris Hilton got in on the NFT wave in 2021. Regardless of her seemingly late entry, Hilton claims to have invested in Bitcoin and Ether (ETH) again when BTC was valued under $1,000.

Furthermore, the American persona took to Twitter to introduce her two new pets, named “Crypto Hilton” and “Ether Reum.”

Magnus Carlsen

Chess grandmaster Magnus Carlsen is among the many youthful celebrities to guide the crypto adoption drive through varied chess-centric occasions and initiatives. In partnership with Chess Champs, an NFT-collectible market, Carlsen and different skilled chess gamers competed for NFT trophies and cash prizes in Bitcoin and cryptocurrencies.

The initiatives to introduce the chess neighborhood to crypto have been primarily pushed by FTX, a crypto trade based by Sam Bankman-Fried. The Norwegian chess participant can also be the world’s first Bitcoin chess champion, profitable over 0.6 BTC along with a money prize in a event hosted by FTX.

Particular mentions

Not like earlier years, when crypto entrepreneurs and fanatics did a lot of the heavy lifting, mainstream celebrities took cost of selling crypto by minting and promoting NFTs — collaborating in occasions hosted within the Metaverse, selling token choices or just exhibiting assist by buying Bitcoin and different cryptocurrencies.

With that in thoughts, we additionally bear in mind a few of the different standard figures delving into crypto. Particular mentions embrace:

Randi Zuckerberg

Should you suppose the title sounds acquainted, that’s as a result of it’s. Meta CEO Mark Zuckerberg’s sister, Randi, entered crypto in November by joining crypto exchange Okcoin as a model advisory council. 

Randi additionally posted a YouTube video titled “What Are Meme Cash and Tokens in Crypto?” the place she discusses the expansion of DOGE and SHIB and gives steerage to her viewers about making sound crypto investments. 

Indian movie actors

For India, 2021 has been a outstanding 12 months for mass crypto publicity, as mainstream actors participated in quite a few promoting campaigns and crypto-promoting initiatives. 

The drive for higher crypto penetration in a market with over 1.3 billion folks was powered by native crypto exchanges together with CoinDCX, WazirX and ZebPay. The businesses partnered with influential celebrities corresponding to Amitabh Bachchan to advertise crypto buying and selling and purchases.

On the flip facet, members of the Indian authorities proposed an anti-crypto invoice that sought to blanket-ban all personal cryptocurrencies with out clarifying the which means of the phrase “personal.” India nonetheless maintains a grey space in terms of deciding on the legality of cryptocurrencies. 

Method One

The 2021 Method One World Championship racing noticed elevated participation from the crypto neighborhood as corporations corresponding to Crypto.com, FuturoCoin, Bitci.com, Socios.com and Tezos sponsored groups and supported their environmental and welfare initiatives. 

Beforehand, the crypto neighborhood has efficiently organized numerous crowdfunding events to assist NASCAR racers get again on observe and take part in skilled races.