Katy Perry is a famous pop star and singer in Hollywood. It will launch a series of NFTs in collaboration with Theta Labs, one of the leading blockchain video streaming platforms.

Perry is slowly making his way through the growing population of celebrities and performers who are now testing the waters of the crypto market.

Katy Perry collaborates with Theta Labs

The famous pop star recently announced her collaboration with Theta Labs in a tweet on Wednesday, June 30. She will be releasing various digital collectibles featuring her upcoming performance at Resorts World Las Vegas Hotel in December.

Perry also mentioned that through her art agency, CAA or Creative Artists Agency, she would get a minority stake in Theta Labs.

According to Business intern, Perry said she was curious and excited to launch her first non-fungible tokens in the latter part of 2021. It’s a new and unique opportunity for her to connect with fans around the world, even if they don’t. are not physically with her in Las Vegas.

She added that she couldn’t wait to kick off her NFTs with the entire Theta team by delving into some memorable and exciting creative pieces. Perry mentioned that it would also give his fans their special moment of his residence, a digital collector’s item, and a real-life experience.

Also Read: Conspiracy Theorists Really Think Katy Perry Is JonBenet Ramsey

What are non-fungible tokens?

To understand the essence of the project, non-fungible tokens, or NFTs, are digital assets on which blockchain technologies are based. This technology is the same as cryptocurrency coins, and it is rapidly gaining notoriety in the art and entertainment industry.

Whenever people buy NFTs, their tokens are automatically stored digitally forever, and it would be impossible to change them.

In addition, each NFT is unique, which means that no other NFT is similar to it. They each offer a reliable way to verify their ownership and authenticity on various things like creative work.

However, NFTs are also tradable, just like other real world collectibles.

Celebrities who have joined the NFT craze

Many celebrities have already plunged into the craze for non-fungible tokens.

Figures such as rapper Jay-Z, actress Lindsay Lohan, NFL player Rob Gronkowski, rapper Ja Rule and American entrepreneur Mark Cuban are just a few of the famous people who have already invested in NFT.

Achievements Theta Labs

Business Insider also reported that Theta Labs has its private blockchain called Theta Network, and that it has partnered with other personalities in previous projects.

Theta Labs previously worked on the live broadcast of one of Elon Musk’s SpaceX rocket launches, according to their website.

The company said working with a famous global icon like Katy Perry marks a historic inflection point for Theta Network’s success.

Also Read: Apple Music Sells New Katy Perry Exclusive As Britney Spears Drops Justin Timberlake To Top iTunes Chart

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Written by Franchesca Sanders

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