Source | XXL Mag
Despite the money spreading trend in hip-hop and rappers’ lavish lifestyles that are displayed via social media, hip-hop isn’t necessarily the big business it appears to be with touring off the table in a global pandemic.
Due to COVID-19 touring restrictions, rappers have been left to make up the difference in the income they lost during the pandemic. With some rappers turning to OnlyFans as a means of secondary income, others are relying on NFTs to balance out the holes in their checkbooks.
An NFT is a non-fungible token that is one-of-a-kind and is being used as a digital collectible. Digital currency like Bitcoin or Litecoin is fungible, so if it’s traded for another, the end result is exactly the same thing. Not with NFTs though; once traded, an NFT is unique to its buyer.