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Lindsay Lohan Talks NFT Craze, Explains Why She's Involved in Cryptocurrency

Lindsay Lohan Talks NFT Craze, Explains Why She's Involved in Cryptocurrency

Lindsay Lohan is the latest star to cash in on the NFT craze.

For those that don’t know, NFT stands for “non-fungible token,” and it allows buyers to purchase ownership of a digital good – usually an image, animation, song or video, in the form of a unique digital token living on a blockchain.

Twitter’s Jack Dorsey just sold his first tweet as a NFT in the millions.

Lindsay announced on Saturday (March 27) that she will be launching her new single “Lullaby” as an NFT on the platform. She said, “this is a genesis piece and history in the making!”

Before announcing the news, Lindsay spoke to Forbes about her interest in the NFT craze and cryptocurrency.

Click inside to find out what she had to say…

Lindsay Lohan photo

“It’s only a matter of time till everyone in Hollywood and beyond gets involved,” Lindsay said in the interview. “Maybe we will see the tokenization of movies, and of how artists are paid for their films, music and art. I see a future where crypto, NFTs and blockchain will be the norm, rather than the exception.”

Lindsay talked about how NFTs will allow music artists to own the rights to their content.

“Tokenization through NFTs can help content creators and musicians actually own the property rights for what they create, and allow them to profit accordingly,” she said. “Gamers, for instance, spend hundreds of dollars on games like Fortnite: tokenization allows them to sell or trade their investment of time and money, and that’s something to be excited about in my opinion.”

So, how did Lindsay get involved in the whole craze?

“When I first got involved in crypto, not many in my circle had a deep understanding of how it worked. Most of us had heard the word bitcoin, or the term blockchain, but there wasn’t much knowledge on the subject. As I began to learn more and get more involved, I quickly realized that my community could benefit from crypto and that I could inform a large segment of society that wasn’t involved in the blockchain space and introduce them to it,” she said.

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Photos: Getty
Posted to: Lindsay Lohan, NFT

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