Prince Harry and Meghan Markle are considering a strategic move into the non-fungible token (NFT) market, which could potentially earn them over £8 million ($10 million) almost overnight. This decision follows their recent financial setback when their $20 million Spotify deal generated only one podcast series.
The Royals’ NFT Venture
Concerns about Harry’s financial stability in the United States, along with his future prospects with Meghan, have been circulating this summer. The solution to their financial challenges might lie in the digital world.
Andras Kristof, the founder of the Web3 project Galaxis, suggests that the Duke and Duchess of Sussex could create NFTs representing themselves individually or as the collective brand ‘Sussex.’ Kristof estimates that such a hypothetical NFT collection could generate over $10 million.
Galaxis: A Platform for Celebrities
Galaxis, a platform that assists individuals in creating their own NFTs, has built a portfolio of more than 180,000 NFTs for notable personalities like Mike Tyson, Lamelo Ball, and Val Kilmer since 2021. Creating NFTs could be a relatively straightforward process even for the royal couple, according to experts at Galaxis. However, the timeline for earning the estimated sum depends on the complexity of their strategy and planning.
The Potential of ‘Brand Sussex’
The public’s enduring fascination with Harry and Meghan, coupled with ongoing rumors, could boost the value of ‘Brand Sussex’ NFTs, particularly in scenarios like a return to royal duties or a separation.
Given that Rishi Sunak’s proposed Royal Mint NFTs did not materialize, Harry and Meghan have an opportunity to create the first proper British-themed NFT collection.
For the Sussexes, entering the NFT space represents more than just a financial recovery; it’s a chance to align their brand with cutting-edge technology and potentially inaugurate a new era of royal engagement with the digital frontier.
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