With Andrew Tate In Trouble What’ll be The Fate of His NFTs?

With Andrew Tate In Trouble What’ll be The Fate of His NFTs?

Key Insights

  • Andrew Tate became popular in 2016 when he was removed from the Big Brother reality show.
  • He has since then gained notoriety for setting standards on how women should be treated.
  • He had huge followers before his social media ban and was a successful crypto investor. 

In recent times, Andrew Tate has become the Centre of several controversies. His controversial life dates back to 2016 when he appeared on the Big Brother reality show. He was eventually disqualified from the show after a video of him attacking a woman with a belt surfaced online. He denied the claims and claimed the video was edited. 

The former professional kickboxer and internet sensation went on to become more famous. He gained notoriety for his comments on women and for setting standards on how men should treat ladies. One of the controversies that got him suspended on Twitter was a piece of advice he suggested in a sexual assault case.  

The Chicago-born celebrity suggested that women should 'bear some responsibility' if they are assaulted. In another video, he advised men accused of cheating by their girlfriends— to 'bang out the machete, boom in her face and grip her by the neck. Shut up b***h.' These comments and suggestions led to his ban from Twitter. 

It is interesting to know that Andrew Tate is a popular figure online and commands many fans. For instance, #AndrewTate on Instagram has racked up more than 11.6 billion views. Similarly, his TikTok clips have been viewed more than 13 billion times.

However, shortly after he was banned from Facebook, Instagram, and TikTok, YouTube permanently banned him. YouTube allegedly banned him for breaching its rules on hate speech. 

Andrew Tate and the Human Trafficking/ Rape Investigation 

Andrew Tate becomes the subject of another controversy following his arrest concerning Human Trafficking and rape allegations. He was arrested in Romania for multiple allegations, including forming organized crime groups, rape, and human trafficking. 

Significantly, security agents stormed his Bucharest villa in Romania on 29 December. Andrew Tate was whisked away in handcuffs and would be detained for 24 hours.  In a press release by the Directorate for Investigating Organized Crime and Terrorism, Andrew Tate was arrested alongside four suspects, who will all be detained for 24 hours. Similarly, his brother, Tristan Tate, was arrested.

Furthermore, the spokesperson for the Tate brothers said there are no clear briefings as to the reason for the arrest. He said, "We cannot provide any details at the moment regarding alleged reports that they have been detained. However, Andrew and Tristan Tate have the utmost respect for the Romanian authorities and will always assist and help in any way they can."

Reports showed that Andrew Tate and other suspects secretly ran a human trafficking venture. One of the victims who reported the incident said: "she was being forcibly held at their residence." Similarly, reports showed that the Tate brothers kept several young women in a building located about 500 meters from the Bucharest villa.  Investigators received several complaints about the Tate brothers and began investigating in April. They waited for Andrew Tate to be present in Romania before instituting the arrest. 

In subsequent days, when the holidays are over, the investigators shall unravel more details on the arrest.  At this juncture, it is expedient to identify the roles of Andrew Tate in the crypto ecosystem. His role and dominance in the crypto market and how his controversial life will affect the market.

Andrew Tate and His Crypto Fortune

Andrew Tate is estimated to be worth over $100 million. He owns supercars and luxurious vehicles. He has repeatedly mentioned that he has huge investments in Bitcoin and the crypto market.  Furthermore, he considers himself " a lover of cryptocurrency" as he offers courses at his "Hustler's university".

Significantly, there are reports  that he launched his coin, "the tatecoin."  He said in March 2022, when BTC was trading at around $5,000, he invested about $600,000 and made a $12,000,000 profit. Recently, he revealed that fiat is "trash, " which is why he now invests in crypto. 

Andrew Tate and His NFT Collections

There are some indications that Andrew Tate is not a fan of NFT collections. In one of his video clips, he mentioned that "I will not have sons who are busy buying NFTs and say 'Oh, I made a little bit of money'. 

However, the former kickboxer has an NFT collection titled "TatePunks." According to the whitepaper, the TatePunk got inspiration from Andrew Tate himself, and it is a collection of 10k unique and randomly generated 2D NFTs. 

Furthermore, he said the collection combines his idea with crypto punks, a prominent NFT collection. You would recall that Andrew Tate gathered his large followership on social media pages until he was banned.

Similarly, he had to close down his "hustler university". No doubt, the ban has affected his NFT projects and his reach. With the latest arrest and the severity of the allegations, he could lose many of his fans if found guilty.

More so, the latest controversy seems too serious to be overlooked. Industry players opined that the human trafficking and sexual assault case might affect his followership and NFT collections (negatively). 

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