Home/NBA

USA Today via Reuters

USA Today via Reuters

The entrance of the Metaverse into the NBA is becoming clearer and clearer. Since several current and former NBA players joined other celebrities across the world to invest in blockchain-based NFTs. Along with teams like the Brooklyn Nets who have associated with the metaverse to provide their fans a completely revolutionary experience. Moreover, the NFT world is influenced by celebrities and their desire to contribute to charities, like Shaquille O’Neal and Stephen Curry.

Therefore, it’s not surprising that with exceptional net worths like $400 Million and $160 Million respectively, these two felt like giving back to society.

USA Today via Reuters

Why are celebrities like Stephen Curry spending loads of money on NFTs?

ADVERTISEMENT

Article continues below this ad

Initially, a significant portion of NFT projects started out as charities that donated their proceeds to a worthy cause. However, it has more recently also developed into an investment-based exclusivity symbol which can also be traded very often. Stephen Curry and Shaquille O’Neal have both been part of NFT projects which donated their proceeds to charity.

ADVERTISEMENT

Article continues below this ad

Nevertheless that does not negate the fact that even these celebrities can be smart investors. However, Curry reportedly faced an uproar on social media after he spent a whopping $180,000 on buying an ape based NFT. Why? The reason for the same was as bizarre as one could think.

USA Today via Reuters

Also Read: ‘Like He Just Came Home From Iraq’: Daryl Morey’s Reaction to James Harden Arriving in Philadelphia Sends NBA Twitter in a Frenzy

ADVERTISEMENT

Article continues below this ad

Considering that the transaction happened on OpenSea, it is publicly visibly that Curry spent 55 ETH. This was equivalent to $180,000 at that time. Whereas, the highest selling NFT at that moment went as high as $2.3 million. Which means that the internet simply could not swallow the fact that a celebrity chose to spend his earnings the way he himself deemed fit. Absurd, isn’t it? Do you think that this is something a player should be criticized about? Let us know what you think about it.

Watch This Story: When will Ben Simmons make his season debut for Brooklyn Nets?