Entertainment

FaZe Banks explains its decision to double down on its investment in Okay Bear NFT

YouTube mogul FaZe Banks has taken a deep dive into his decision to invest in Okay Bear’s NFT series, even if it causes a stir in his community.

Banks has established himself as one of the biggest proponents of NFTs in all of gaming.

Back in August 2021, the 30-year-old opened up about his experience investing in the popular Crypto Punk line and how it netted him around $750,000 in profits within a week.

Now he’s gone public with another investment and is leading the way by explaining exactly why he thinks Okay Bear is the future.

Banks explains his decision to invest in Okay Bear NFTs

FaZe Banks Crypto
Twitter: FaZe Clan

FaZe Banks has released another NFT investment that has proven to be quite controversial.

In a series from 14 Instagram Stories, Banks explained that his decision to go ahead with the publication came from a sensitive spot in him.

The social media star says not only has the Web3 space made him get sober, but he believes he has the power to educate other people in a variety of ways.

“The most fulfilling aspect of my Web3 experience is seeing other people win and being able to share and share in those wins.”

After noting that his decision wasn’t particularly popular elsewhere on the internet, Banks emphasized that this situation only ends one of two ways: “Either I’m right and look like a genius, or I look like an idiot.”

He also noted that anyone considering following in his footsteps should exercise appropriate caution, apparently referring to the dramatic decline of both Bitcoin and Ethereum suffered on the weekend of May 13: “I’ve seen success in this area, but who knows, I could be bloody wrong about that.”

This is just the latest example of banks speaking openly about the future of Web3.

He has previously detailed his plans to invest money in the Bored Ape Yacht Club’s Otherverse and has also criticized other content creators for their activities in this space.

https://www.dexerto.com/entertainment/faze-banks-explains-his-decision-to-double-down-on-okay-bear-nft-investment-1824033/ FaZe Banks explains its decision to double down on its investment in Okay Bear NFT

Emma Bowman

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