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‘Stop asking me to do NFTs…for now’—here’s what he’s focusing on instead

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According to the NFTs’ January record, over $6 billion was traded in monthly nonfungible tokens. data from The Block.

Kanye West, despite the fact that many celebs have capitalized on this hype, isn’t really interested in the growing market.

“Stop asking me to do NFTs,” West wrote to his 10.5 million Instagram followersOn Monday. “For now, I’m not on this wave.”

The rapper said that he makes music and products in real life.

The post included an imageWest reiterated his intent in a handwritten letter, where he stated that he is focusing on building real products in real life. He mentioned “real food real clothes real housing.”

Digital assets such as NFTs, which are also known as digital assets, represent the ownership of items like music, art and in-game goods. Every asset is traced and verified via the blockchain.

NFTs are not a copyright owner, but they do have the right to be used. sold for millions of dollarsThese valuable collectibles can also be sold.

Notable artists including Eminem, Justin Bieber and DJ Khaled have used NFTs as a way to express their appreciation for the rising demand in 2021. reportedly bought NFTs themselvesWhile celebrities like Paris Hilton, Steve Aoki, and Tom Brady have also listed NFTs or created NFT products for fans,

Crypto-seminarists predict that the year 2022 will see a boom in crypto. the year of music NFTsThe tech “will invariably transform everything about music distribution, and rewire all the foundations of the music business,” according to a statement by. CoinDesk reported.

West, however, is choosing to stay out of the spotlight for now. He wrote: “Ask Me Later,” on Instagram.

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