Eminem Purchases Bored Ape Yacht Club NFT for $462K

The celebrated entertainer quickly made the dazed-looking ape, who is outfitted in a military-style cap and hip hop clothing, his Twitter profile picture.

AccessTimeIconJan 1, 2022 at 10:47 a.m. UTC
Updated Jan 3, 2022 at 7:21 p.m. UTC

James Rubin is CoinDesk's U.S. news editor based on the West Coast.

Award-winning rapper Eminem has joined the Bored Ape Yacht Club (BAYC), purchasing one of the non-fungible token (NFT) apes Thursday on the OpenSea platform for 123.45 ether, nearly $462,000.

  • Eminem quickly made the ape, who wears a brown military-style hat, hip hop clothing and dazed expression, his Twitter profile picture.
  • The Detroit native has acquired about 20 NFTs on OpenSea under the name Shady_Holdings. Eminem, whom Rolling Stone magazine named one of the 100 Greatest Artists of all time, won the 2002 Oscar for Best Original Song, and has garnered 15 Grammy music awards in a career dating to the 1980s.
  • In a tweet, BAYC member GeeGazza, who sold the ape, thanked the entertainer for purchasing the NFT. “I’m living in a simulation,” he wrote, adding: “Madness. Let me write a lyric in your next single.” GeeGazza had been hoping for months that the entertainer would buy the ape.
  • Georgio Constantinou, artist manager of Web 3 digital agency Six tweeted that the firm had helped Eminem buy “the EminApe.”
  • Eminem’s interest in NFTs is not his first brush with crypto. In 2018, bitcoin is mentioned on “Not Alike,” one of the tracks on his album “Kamikaze.”
  • BAYC has been among the biggest sellers on OpenSea, helping to drive its most recent $10 billion valuation.

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James Rubin is CoinDesk's U.S. news editor based on the West Coast.

CoinDesk - Unknown

James Rubin is CoinDesk's U.S. news editor based on the West Coast.