Eminem & Wale Invest In Sneaker Stock Market

By HHL Editors

StockX is described as the world’s first sneaker stock market.

How it works is buyers place bids, sellers place asks and when a bid and ask meet, the transaction happens automatically.

Founder Josh Luber launched StockX last year because "in the sneaker community and resell marketplace that's existed for as long as Air Jordan in 1985, there's never been a data-driven price guide."

The marketplace just got a big boast this week with a new $6 million round of funding from a group of investors which include Eminem, Wale and Mark Wahlberg.

The new money will be used to improve the existing service, and also to expand into similar markets, such as women's shoes, stamps, baseball cards, toys and comics.

The sneaker resale market alone is said to be worth $6 billion globally.

Posted In: News Eminem Wale


Video Watch Eminem Flat Out Admit He's Fallen Off During His Coachella Set / Video News J. Cole Reveals the Cover and Features For "KOD" Album / News News Teka$hi 69 Has Been Accused Of Having Sex With Underage Girl / News Hot Track Wale Delivers "Every Kind Of Way" (H.E.R. Remix) / Hot Track News Eminem Brings Out 50 Cent And Dr. Dre at Coachella / News News Gucci Mane Paid Metro Boomin A Lot To Come Out Of Retirement For A Day / News