Stephen Curry, Despite $160 Million Net Worth, Paid Only $180,000 for an NFT Which Could Be Sold for Millions; Faces Unexpected Criticism
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USA Today via Reuters
Feb 12, 2022; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) reacts after being called for a foul against the Los Angeles Lakers in the fourth quarter at the Chase Center. Mandatory Credit: Cary Edmondson-USA TODAY Sports
The entrance of the Metaverse into the NBA is becoming clearer and clearer. Since several current and former NBA players joined other celebrities across the world to invest in blockchain-based NFTs. Along with teams like the Brooklyn Nets who have associated with the metaverse to provide their fans a completely revolutionary experience. Moreover, the NFT world is influenced by celebrities and their desire to contribute to charities, like Shaquille O’Neal and Stephen Curry.
Therefore, it’s not surprising that with exceptional net worths like $400 Million and $160 Million respectively, these two felt like giving back to society.
USA Today via Reuters
Feb 12, 2022; San Francisco, California, USA; Los Angeles Lakers forward LeBron James (6) and Golden State Warriors guard Stephen Curry (30) during a free throw attempt by the Warriors in the second quarter at the Chase Center. Mandatory Credit: Cary Edmondson-USA TODAY Sports
Why are celebrities like Stephen Curry spending loads of money on NFTs?
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Initially, a significant portion of NFT projects started out as charities that donated their proceeds to a worthy cause. However, it has more recently also developed into an investment-based exclusivity symbol which can also be traded very often. Stephen Curry and Shaquille O’Neal have both been part of NFT projects which donated their proceeds to charity.
Couldn't be more proud! Excited to celebrate history w/ my first NFT… The 2974 Collection. 2,974 unique art pieces. Bonus NFT for all minters – 8pm ET tonight! Join the community. All profits to charity. Exclusively with @FTX_US. @2974collection https://t.co/ElQtpmxtpm pic.twitter.com/N0XdBYJjtH
— Stephen Curry (@StephenCurry30) December 20, 2021
Had a blast chatting with my man @GaryVee about my SHAQ GIVES BACK Charity NFT collection on @NotablesCo 🎄🎁. With all proceeds and future royalties from the sale going to the @shaqfoundation, we can do a whole lot of good. https://t.co/laEIAbZgxx pic.twitter.com/ErE9eM2BqI
— SHAQ.ETH (@SHAQ) December 22, 2021
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Nevertheless that does not negate the fact that even these celebrities can be smart investors. However, Curry reportedly faced an uproar on social media after he spent a whopping $180,000 on buying an ape based NFT. Why? The reason for the same was as bizarre as one could think.
USA Today via Reuters
Feb 10, 2022; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) reacts after a foul is called against the New York Knicks during the second half at Chase Center. Mandatory Credit: John Hefti-USA TODAY Sports
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Considering that the transaction happened on OpenSea, it is publicly visibly that Curry spent 55 ETH. This was equivalent to $180,000 at that time. Whereas, the highest selling NFT at that moment went as high as $2.3 million. Which means that the internet simply could not swallow the fact that a celebrity chose to spend his earnings the way he himself deemed fit. Absurd, isn’t it? Do you think that this is something a player should be criticized about? Let us know what you think about it.
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