Kanye West\'s NFT Stance: Paparazzi, Royalties, and a Potential Change of Heart?
Multiple Grammy award-winning rapper Kanye West has shared his view on how celebrities can benefit from adopting the earning model in the NFT industry. But the journey to this point has been complex. Remember when Rapper Kanye West, who when asked about non-fungible tokens (NFTs) once said, “Do not ask me to do a fking NFT,” seemed completely against them?
Well, Kanye West may slowly be coming around on the subject. The shift appears to stem from a frustration with the current relationship celebrities have with the paparazzi. Kanye West expressed his frustration at the paparazzi after being filmed arriving at Miami International Airport on Monday, as seen in a video posted by ET Canada, but the encounter sparked a broader conversation.
Earlier, Kanye West took to Instagram on Monday night to share that he has no intentions of entering the NFT space and is more focused on building other products. He even asserted his commitment to physical art forms, declaring on social media that he will not be joining the trend of artists releasing non-fungible tokens (or "When Kanye NFT? Not yet—and stop asking."). In a sudden Instagram post on Monday evening, the rapper and fashion designer posted a hand-written note on a sheet of paper outlining his disinterest.
However, in an unplanned discussion with a paparazzi, Kanye West said that celebrities should be able to earn royalties from their image. He suggested that photographers – and by extension, potentially platforms – could use NFTs to facilitate this. The love-hate relationship that celebrities have with the paparazzi isn’t news. However, Kanye West’s latest encounter with the paparazzi could be stirring up real change. Kanye West expresó su frustración con los paparazzi luego de ser filmado llegando al Aeropuerto Internacional de Miami el lunes, como se ve en un video publicado por ET Canada.
So, is Kanye West warming up to NFTs? While he\'s previously stated his aversion, the idea of using them as a mechanism for celebrities to control and profit from their image rights, as captured by the paparazzi, seems to resonate. The future remains uncertain, but the conversation surrounding Kanye West and NFTs is definitely evolving.