Eminem Is Now Part of the $30 Million USD Investment Into NFT Startup MakersPlace

The announcement arrives shortly after Eminem’s debut NFT collectible launch.

Music 
6,471 Hypes 1 Comments

Eminem is looking to make a bigger name for himself in the digital marketplace. Fresh off of his debut NFT collectible, the Detroit-rapper has contributed to the non-fungible token market, startup MakersPlace in their first round of funding.

The San Francisco company was able to secure $30 million USD in Series A financing thanks to multiple investors including Sony Music Entertainment, Coinbase Ventures, Uncork Capital, Dragon Digital Assets and 9Yards Capital. Amongst the other angel investors who participated include Eminem, of course, Paul Rosenberg and Larry Fitzgerald.

CEO of MakersPlace, Dannie Chu said, “We see this fundraise as continued validation for our mission. We will continue to push boundaries and empower digital creators with better tools and services while finding more ways to introduce digital art and NFTs to a mainstream collector audience.”

Eminem first launched his debut NFT, Shady Con, a digital festival, nearly four months ago. CryptoBriefing reported that Eminem raked in $1.78 million USD on Nifty Gateway in just the digital festival’s first weekend. Amongst one of the digital items fans could get their hands on, a video titled Stans’ Revenge featured a pair of Eminem x Carhartt Air Jordan trainer collabs which sold for a $100,000 USD.

It remains to be seen if Eminem will release any other digital pieces via MakersPlace in the future.

In other music news, Lovers & Friends Festival 2022 has added a second date.

Read Full Article

What to Read Next

An NFT JPEG of a Rock Sold for $608,000 USD Before Price Floor Surpassed $1 Million USD
Tech

An NFT JPEG of a Rock Sold for $608,000 USD Before Price Floor Surpassed $1 Million USD

Even the cheapest “EtherRocks” skyrocketed 900 percent in value.

El Salvador Is Giving Each Citizen $30 USD Worth of Bitcoin
Tech 

El Salvador Is Giving Each Citizen $30 USD Worth of Bitcoin

When they sign up for the government’s new crypto wallet.

Floyd Mayweather Claims He's Already Made $30 Million USD Ahead of Logan Paul Fight
Sports

Floyd Mayweather Claims He's Already Made $30 Million USD Ahead of Logan Paul Fight

The boxing icon is expected to walk away with around $100 million USD.


The Weeknd's Limited-Edition NFT Collection Raises Over $2 Million USD
Entertainment

The Weeknd's Limited-Edition NFT Collection Raises Over $2 Million USD

The ”Acephalous” collection featured eight pieces in total.

LeBron James Has Words for Those Questioning New Lakers Roster: "Keep That Same Narrative Energy"
Sports

LeBron James Has Words for Those Questioning New Lakers Roster: "Keep That Same Narrative Energy"

LBJ has heard the talk about his squad’s age and he is not having it.

Brendan Fraser Cast in Martin Scorsese's 'Killers of the Flower Moon'
Entertainment

Brendan Fraser Cast in Martin Scorsese's 'Killers of the Flower Moon'

Joining the likes of Jesse Plemons, Leonardo DiCaprio and Robert De Niro.

Lovers & Friends Festival 2022 Adds Second Date
Music

Lovers & Friends Festival 2022 Adds Second Date

After presale tickets sold out within an hour.

A-Cold-Wall* Links Up With RETROSUPERFUTURE for Eyewear Collection
Fashion

A-Cold-Wall* Links Up With RETROSUPERFUTURE for Eyewear Collection

Featuring two frame styles.

You'll Never Run (Out of Beer) with the Deschutes Brewery x Brooks "Run Hoppy" Collection
Footwear

You'll Never Run (Out of Beer) with the Deschutes Brewery x Brooks "Run Hoppy" Collection

Consisting of a beer-covered (figuratively, not literally) take on the Ghost 14, matching apparel and even a special Deschutes IPA


Billie Eilish Gets Animated in New Trailer for ‘Happier Than Ever’ Concert Film
Music

Billie Eilish Gets Animated in New Trailer for ‘Happier Than Ever’ Concert Film

Airing September 3 on Disney+.

Enter for the Chance to Have Your Art Featured at the Noguchi Museum
Art

Enter for the Chance to Have Your Art Featured at the Noguchi Museum

Three artists will win cash prizes and an interview on the museums website.

John Elliott’s FW21 Collection Embodies Growth and Evolution
Fashion

John Elliott’s FW21 Collection Embodies Growth and Evolution

Featuring military-inspired utilitarian outerwear.

PRO-Keds Re-Launches the Classic Super Sneaker with Sustainable Materials
Footwear

PRO-Keds Re-Launches the Classic Super Sneaker with Sustainable Materials

Five different makeups, constructed of everything from recycled unbleached canvas to recycled denim.

Nas Gives Fans a First Look at ‘King’s Disease II’ With Preview of New Single “Rare”
Music

Nas Gives Fans a First Look at ‘King’s Disease II’ With Preview of New Single “Rare”

The fourteenth studio album from the rapper drops Friday.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.