The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K.
Justin Bieber spends $1.29 million on Ethereum for BAYC #3001
Justin Bieber spent 500 ethereum worth $1.29 million at settlement on a Bored Ape Yacht Club (BAYC) NFT, according to a to sell from the Opensea NFT Marketplace.
Bieber is a well known pop star with his popular seven-track EP “My World.” The 2009 album made Bieber the youngest solo male recording artist to make it into the U.S. Billboard 200 in 47 years. 13 years later, Bieber seems to be dabbling in cryptocurrencies and non-fungible token assets.
Bieber’s Opensea name is “JustinBieberNFTS” and the BAYC he purchased was Bored Ape Yacht Club #3001. What was interesting about Bieber’s acquisition of NFT was the fact that BAYC’s floor price was 104 ethers or $270,908 at the time of the sale.
Moreover, while Bieber spent 500 ether the estimated value of BAYC #3001 on January 29, 2022, was $208,237. This means that the famous Canadian singer paid a whole lot more than what the market estimated the BAYC to be worth.
As of this writing, the singer has around 340.43 ethereum worth $879,000 in the wallet which he has been mining while idle. Bieber’s portfolio also shows that he has a fascination with collecting NFTs and statistics show that the musician has 619 NFTs from 49 collections.
Bieber also owns a few fractions of the Doge NFT as well. While holding all those NFTs and even though he paid $1.29 million for BAYC #3001, the “estimated” worth of all of his NFTs today is $502,680, according to dappradar.com stats.
Besides Justin Bieber, other famous BAYC owners include Charlotte Hornets’ LaMelo Ball, NBA legend Shaquille O’Neal, Linkin Park’s Steve Aoki, comedian Jimmy Fallon, rapper Eminem, Travis Barker and Paris Hilton.
