Since exiting their royal duties, Prince Harry and his spouse, Meghan Markle, have discovered that there are many ways to become financially independent.
The Montecito royals, who decided to no longer depend on King Charles III and the monarchy, have signed up for lucrative speaking engagements à la Barack and Michelle Obama.
The duo landed a massive deal with Spotify that did not work out as planned, but they still made $10 million. They signed a contract with Netflix.
Prince Harry was paid handsomely for his historical memoir Spare, which was published by Penguin Random House. The Duke of Sussex also collaborated with Oprah Winfrey on a series on Apple TV+.
However, according to one expert, after following Barack and Michelle Obama’s way of making money, it is time to go to Donald and Melania Trump‘s way of doing things.
Andras Kristof from Galaxis explained that the Duke and Duchess of Sussex can create non-fungible tokens (NFTs) and “potentially generate millions.”
Galaxis is a popular platform that makes it possible to create NFTs. The company has generated more than 180,000 NFTs for non-famous people and high-profile celebrities.
Kristof said that Prince Harry and Meghan Markle could easily make $10 million with NFTs because their brand is hugely popular.
He claimed: “Anyone with a community or following could create their digital membership cards (NFTs) and provide value to their community, potentially generating millions in the process.”
He went on to speak about the loyal fan base of the Montecito couple by saying: “It all depends on the size of their fame, fan base, followers, buyer interest, the tangible value they offer, marketing, and other external factors.”
The expert believes that the Sussexes would be a “massive brand if they created NFTs of themselves individually or as a couple.”
He also stated: “Their brand could earn them £8.2 million ($10 million) overnight, in my opinion. Like with any collectible, you get a lot of speculative investors hoping they can profit from getting in early.”
Kristof added that the NFTs of the couple would become even more valuable if they got divorced or returned to the royal fold.
He continued: “I think that would be even more the case with Harry and Meghan. There are constant rumors about them, and owning a brand like Sussex NFT could potentially be worth a fortune in a few years—especially if they split up or if they reentered the Royal Family.”
He concluded by: “That is not to say that this will happen, but speculative investors will be hedging their bets on something changing in the future, which would make their NFT no longer available. This is why I believe they’d be snapped up the second they went on the market.”
Many are eager to see if Prince Harry and Meghan Markle will follow former president Donald Trump and Melania Trump, who have made millions by releasing several collections of NFTs.
