The famous pop star, Jason Derulo has purchased Cryptopunk #1961. Derulo has grown in fame since his career, starting in 2006. Now he’s looking to getting into more modern industries.
About Jason Derulo
Jason Derulo is an American pop star, he has grown to fame from his many top songs such as Swalla and Get Ugly to name a few. He’s maybe most known for singing ‘Jason Derulo’ at the start of his songs. It’s not too much of a surprise that Jason Derulo has invested in NFTs. He seems like the perfect investor. His personality matches the industry perfectly as he’s a supporter of modern industries, and now an even more massive name after further growth on social media, most notably TikTok recently. He received support from Faze Banks who commented on Derulo’s Tweet.
What his Cryptopunks Investment Means
Jason Derulo is an A-list celebrity. Whenever a massive name come into the space, they introduce their fans to the NFT space. We’ve seen many celebrities invest in different NFT projects and change their profile pictures: Mike Tyson with Cool Cats, Jason Derulo and Jay-Z with Cryptopunks and finally, Steph Curry with Bored Ape Yacht Club, to name a few. If he continues to promote Cryptopunks and other projects, some of his 3.7 million Twitter followers or 49.3 million TikTok followers may get involved. This could lead to an increase in the general prices of the markets
Jason Derulo Solana Investment
In addition to his Cryptopunk investment, he also claims to have invested in Solana in June:
I betted on Solana in June. Wow what a ride! #crypto
— Jason Derulo (@jasonderulo) September 3, 2021
Solana is a blockchain and cryptocurrency with many NFT projects on its platforms. Generally, they’re looking to become a major competitor to the Ethereum blockchain. At the end of June, the price of Solana was $35.48 and is now $178.72. If he invested even at the end of the month, he’s up quite big.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
