Colin Kaepernick, Shaquille O’Neal, Snoop Dogg and Other Celebrities Raise $450M as They Follow Tom Brady Into the World of Crypto
As the crypto market remains cold and people lose their faith in digital currencies, NFL veterans see this as the right opportunity to invest and bring some NFTs to their wallets. The first person to start this new trend among NFL athletes was Tom Brady, and now Colin Kaepernick has joined his hands this week. The former San Francisco 49ers quarterback invested in an NFT platform and joined a 36-strong group of a rare collection.
The 34-year-old is busy trying his luck in the crypto world after his presence as a civil rights activist. In fact, this is the right time for investors with a huge amount of cash to invest in these fallen markets.
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The rate has already dropped so low it has become unbearable, and athletes stepping up to support them will boost fan morale. The Nevada product reportedly bought a bored-ape NFT. According to the Bored Ape Gazette, Moonpay inducted Colin Kaepernick into the Bored Ape Yacht Club.
In addition, he has also invested in an NFT platform Yuga Labs, which raised nearly $450 million in the seed round.
It appears Kaepernick wasn’t the only athlete to join the platform. A16Z, Adidas, Dez Bryant, FTX, Google, Gunna, Mark Cuban, Samsung, Shaq, Snoop Dogg, Steve Aoki and VaynerFund are some of the companies and investors who contributed to the funding process.
This non-fungible token, acquired by Kaepernick, was held in Moonpay’s vaults but later transferred to an unknown entity.
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Recently, Yuga Labs finally released the final list of all members who participated in the application, and at that point it was revealed that the NFT was owned by Colin Kaepernick.
Tom Brady and his NFT platform raised $170 million
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Seven-time Super Bowl champion Tom Brady has invested in a variety of businesses. But a few months ago he founded an NFT platform, Autograph, after receiving support from several athletes in the industry.
As a brand ambassador itself, the company was able to attract the attention of several NFL and NBA fraternity athletes. The company raised around $170 million in its second round of funding from Silicon Valley’s top crypto investors.
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Apple’s Eddy Cue and FTX’s Sam Bankman-Fried are some of the notable board members who lead the organizations. It will be interesting to see how this venture bears fruit in the years to come.
Check out this story: I never wanted to see a Rams uniform. I hated their horns…: Tom Brady Sr. once openly professed his empathy for New England Dynasty haters, having been a football fan for over 40 years
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