So what does Eminem now own? He has an electronic version of an image, which he is using for his Twitter profile. But then so does anyone who copies it from the internet.
That’s about it. The intellectual property remains with the creators. He is not entitled to any share of merchandising revenue from the character. He can only profit from his purchase if he can find a “greater fool” willing to pay even more for the NFT. Eminem may have been prepared to pay much more for the one that looked more like him; but would anyone else?
CrypTOKYO features around 150 non-fungible tokens from several dozen artists, expected to sell for a few hundred dollars up to around $50,000 AFP/Philip FONGEminem’s monster payment in particular has lent credibility to the idea these NFTs have value. But he is not the only celebrity who has helped attract attention to the Bored Ape NFTs.
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