Benzinga - One of the most interesting aspects of crypto is that every transaction and portfolio is public. While it can be hard to determine which wallets belong to whom, many crypto analysts constantly cross-reference on-chain data with celebrity news.
Rappers in particular have been some of the most involved with crypto, with Snoop Dogg, Jay-Z and Eminem leading the charge.
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Snoop Dogg has been active in the non-fungible token (NFT) space, mostly in 2021 when he purchased a handful of NFTs. Snoop Dogg spent 4,185.5 Ethereum (ETH) tokens in 2021 on five NFTs:
- "Right-click and Save As Guy" for 1,600 ETH in December 2021
- "Some Asshole" for 1,300 ETH in September 2021
- "CryptoPunk #3831" for 850 ETH in July 2021
- "Destiny" for 225 ETH in October 2021
- "Fidenza #351" for 210.5 ETH in September 2021
Snoop Dogg likely spent around $15 million to acquire the NFTs. The collection is currently worth between $5 million and $10 million.
Snoop Dogg created his own NFT project in 2022. Called "Snoop's Stash Box," the project sold around 9,000 NFTs for $5,000 each, allowing the rapper to bring in $45 million in less than a week.
Jay-Z is another prominent rapper with NFTs. His most expensive NFT is CyberPunk 6095, which he bought for 55 ETH in April 2021. At the time, the price of ETH was around $2,500, meaning that Jay-Z spent approximately $137,000 on the CryptoPunk.
The floor price for the CryptoPunks is currently around 40 ETH. However, Jay-Z's NFT has some unique traits, so could be worth closer to 50 ETH, meaning it could be worth around $175,000.
Jay-Z has also been a venture investor in several crypto firms through his VC, Marcy Ventures. The firm has invested in notable crypto companies, such as MoonPay and Ledger.
Eminem has also been a notable investor in crypto. In June 2021, he bought Bored Ape 9055, which features a hat that the rapper often wears, a large chain and a gold jacket. Eminem r paid 123.45 ETH for the NFT in June 2021. At the time, the purchase cost around $300,000. The Bored Ape Yacht Club NFT collection currently has a floor price of around 12 ETH, which is around $45,000. However, the unique traits of Eminem's Bored Ape mean that it could be worth closer to $100,000.
The public nature of the blockchain has allowed for an unprecedented amount of information on the financial standings of celebrities. Other notable wallets that have been discovered range from former President Donald Trump to comedian Dave Chappelle.
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