Guess who won’t be buying a Bored Ape forthwith? Ye.

Kanye West, the billionaire musician and businessman, has made it clear which he is not interested in joining the market for non-fungible cryptocurrencies, that captured a worth of $41 billion carry on year – at least not right now.

Kanye West Believes NFTs Are Not Real

In a social media statement on Monday night, the American rapper and designer made it clear which he had no interest in entering the digital art world in that way.

In a excessively worded hadwritten post, the rapper said:

“My focus is on executing real products in the real world. Real food. Real clothes. Real shelter. Do not ask me to do a fucking NFT.” But, West left the door open for joining the digital, blockchain fun down the line, adding, “ask me afterwards,” to the end of the note.

kanye west nft

He noted that he has received a number of requests to create NFTs, or blockchain-based digital representations of music, art, and other objects.

Meanin the time, Kanye West is working on his Yeezy brand of sneakers for Adidas and his Yeezy clothing line for Gap. “Donda,” his most recent album, was released in August. As far as future West’s music is cback althoughrned, the rapper is presently at work on his forthcoming album Donda 2.

According to blockchain data company Chainalysis, the size of the NFT industry in 2021 grew to $41 billion, catching up to sales in the traditional art sector, that totaled $50 billion in 2020.

Related article | NFT Platform OneOf Seals Deal With Warner Music

Celebrities Are Torn On The NFT Market

Many musicians and celebrities, including rapper Snoop Dogg, Def Jam Recordings founder Russell Simmons, Paris Hilton, Eminem and Jake Paul,  and NFL player Tom Brady, have bought NFTs or expressed interest in the NFT market.

In 2021, Model Emily Ratajkowski, who sold an NFT portrait of herself titled “Buying Myself Back: A Model for Redistribution” via Christie’s. A increasing number of celebrities have likewise gotten on the digital cryptocurrency bandwagon, including Grimes, Ja Rule, and Lindsay Lohan.

Ethereum (ETH)/USD reclaims from continue week fall. Source: TradingView

Kayne West joins the spiraling number of NFT critics, that includes celebrities like Keanu Reeves. In an interview promoting the Matrix Resurrections, movie actor Reeves joked which NFTs are “easily reproduced.”

According to CoinDesk, those in the crypto space believe which 2022 will be the year of music NFTs, with the technology “inevitably development everything about music distribution and rewire the foundation of the music industry.”

Nonetheless, West has decided to stay away for the time being: “Ask me afterwards,” he posted on Instagram.

Related article | Nas & Royal With New NFT Drop, Featuring Songs Off Album ‘Rare’

Featured image from NY1, chart from TradingView.com