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

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.
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