Celebrities who've joined the NFT craze
Madonna speaks out in defense of her controversial NFT series
© <p>Getty Images</p>
Much of the world is still wrapping its head around cryptocurrency, but now crypto art is storming the marketplace. These non-fungible tokens (NFTs) are secured blockchain-based records that represent pieces of digital or physical media and are bought using cryptocurrency. Similar to the way an original Van Gogh painting is worth more than the postcard, NFTs are a way for people to own the original pieces of art and their copyrights.
Madonna recently created a series of NFTs in collaboration with the famous digital artist Michael Winkelmann, better known as Beeple. As you might expect from the Queen of Pop, the three pieces were quick to spark controversy. They depict a graphic, three-dimensional view of Madonna giving birth to a series of objects including a tree, a butterfly, and even robot insects. Online critics were quick to criticize the bold imagery, with one tabloid calling it a “a filthy attention grab." Madonna has spoken out in defense of the series, stating that she's simply exhibiting “what women have been doing since the beginning of time, which is giving birth.” Proceeds from the sales of the NFTs will be donated to nonprofit organizations that help women and children.
Whether they’re capitalizing on the popular market or symbolically exploring the concept of ownership and agency, click through to see which stars have hopped on the bandwagon, and get a little more clarity on how exactly NFTs work.
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