Marshall Mathers 3, better known equally Eminem, joined the "Bored Ape Yacht Club" (BAYC) by purchasing one of the nonfungible token (NFT) Bored Apes for $462,000 on OpenSea's NFT marketplace. Eminem'southward Bored Ape depicts a gold chain necklace and khaki army cap that he wears in real life and has been officially added to his portfolio by OpenSea.

The NFT nicknamed the "EminApe" was created by GeeGazza in collaboration with Bored Ape. The transaction was completed past digital agency Six, which has previously worked with other celebrities in the NFT sector, including Wu-Tang Clan, Tycho and Galantis.

This is non the showtime fourth dimension that Eminem has invested in NFTs. The Missouri-built-in rapper currently owns several OpenSea NFTs with the handle "Shady Holdings." Eminem's portfolio also comprises a number of "Lil Baby Doodles X" NFTs, with "Ditaggdogg#1," the rapper'due south stencil artwork, and "Superlative Apes #3880" being ane of them.

Related: NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts

The "Bored Ape Yacht Club" NFTs rose to popularity in 2022, generating more than than $ane billion in trade volume worldwide, according to Defi Llama.

The NFT market gains basis every 24-hour interval, and several people, including athletes, are joining in. A number of celebrities have expressed involvement in NFTs and revealed their ain projects already. A$AP Rocky, Snoop Dogg, Kings of Leon and The White Stripes are among the musicians who accept embraced the NFT movement.