Fresh off the successful sale of her NFT track, Lindsay Lohan gave her fans a 7-Step Guide to Getting Filthy RIch on NFTs. Lullaby, her first single in a year, was auctioned off for $85,000 on Fansforever.
From Hollywood to NFT Land
Lohan’s NFT drop is an exclusive collaboration with DJ Manuel Riva. The Hollywood icon was very much involved in the creative process, she noted, “I have been recording music for a long time now. I feel a calmness when I go to the studio and it is a sort of solitude. A comfort zone. This song really means something to me because we all grow up with lullabies and I wanted to create one of my own. My voice to your ears … Lullaby.”
Lohan started her foray in NFTs back in February. She sold her first NFT, titled ‘Lindsay “Lightning” Lohan’ for 10 ETH. Since then, she has been consistently releasing NFT drops and collecting NFTs. On Rarible alone, Lohan owns 366 NFTs. She has an ongoing auction now for 100 Open Editions of Digital Art “Thunder.” Currently, 43 of the 100 have been sold.
“It’s only a matter of time till everyone in Hollywood and beyond gets involved,” Lohan told Forbes.”Maybe we will see the tokenization of movies and of how artists are paid for their films, music, and art. I see a future where crypto, NFTs, and blockchain will be the norm, rather than the exception.”
Breaking down Lindsay Lohan’s NFT Guide
Lohan recently caught up with Interview Magazine and she directly addressed her fans by giving a step-by-step guide on how they can start their NFT Journey.
Lohan asserts that the first step is to choose the NFT. She adds, “I believe that what makes a great NFT is creating something that tells a story through a new medium. By using technology, I can now elevate my life stories and tell them in ways that are more authentic to me.” Then the second step is to mint the NFTs. She suggests searching for a Marketplace such as Rarible because it allows creators to have open access to launch their NFT drops. She adds that she might mint her own in the future, but right now the focus is creating the NFTs.
For the third step, she encouraged her fans to use Meta Mask as secure storage for their NFTs. This is followed by creating a profile on Rarible and just following the steps to upload digital art as NFT. Then, Step 5 is approving transactions using Metamask. After which, NFTs will be minted and artists can start selling.
Lohan identifies “make some money” as the sixth step. In her opinion, the best way to get discovered is to build a community from the very start involving your chose creative persona. This means that the drop should be more than just an NFT or a buyer-seller relationship.
The last step is to activate paying it forward. Lohan believes that selling power comes from building a community. She urged artists to use their success to encourage smaller artists and continue the cycle.
NFTs are a hot commodity, and celebrities like Grimes, Jack Dorsey, Shawn Mendes, and Paris Hilton have made millions of dollars already. Apart from raising revenues, many celebrities have also used NFTs to support charitable organizations and advocacies. We can anticipate that this trend will continue because NFTs are hitting both the economic and socio-civic aspects.