The list of significant benefits linked with NFTs adds to the peculiar and overwhelming popularity of the tokens. The benefits of NFT could be a selling point for a variety of sectors, but it also creates a favorable environment for making large profits. Celebrities, artists, and athletes are using NFTs to authenticate their work and ensure that royalties are paid when the token is traded.NFTs are no longer restricted to the digital realm. It has fallen to real-world assets, where it can provide assurance and generate a new revenue stream.
1. Justin Bieber Buys BAYC #3001 for 500ETH ($1.29 million)
According to a sale on the NFT marketplace OpenSea, Justin Bieber spent 500 Ethereum worth $1.29 million on a Bored Ape Yacht Club (BAYC) NFT at the time of settlement.
Bieber’s OpenSea identity is “JustinBieberNFTS,” and the BAYC he purchased was Bored Ape Yacht Club #3001. Bieber’s NFT purchase was remarkable because the BAYC’s floor price was 104 ether, or $270,908, at the time of purchase.
Furthermore, the anticipated value of BAYC #3001 on January 29, 2022, was $208,237, but Bieber spent 500 ether. This indicates that the well-known Canadian artist spent significantly more than the BAYC’s market worth. At the time of writing, the artist had around 340.43 Ethereum worth $879K in his wallet. Bieber’s wallet also reveals that he enjoys collecting NFTs, with statistics showing that he owns 619 NFTs from 49 different collections.
BAYC entered the market with a bang and is presently the most valuable NFT. Major sales have happened since JB’s 500 ETH purchase following this event. Last night, a BAYC owner sold his gold BAYC for 800 ETH, as shown below.
The next celebrity with a major stake in NFTs is…..Guess who?
Definitely another BAYC owner….
2. Stephen Curry
According to Business Insider, NBA great Steve Curry joined the Bored Ape Yacht Club in August 2021, when he spent 55 ETH (about $180,000 at the time) for one of the unique assets.
He announced his new acquisition on Twitter, replacing his regular profile photo with a blue-haired primate dressed in a tweed suit. On the club’s private Discord channel, he also shared a picture. Steve is not only a two-time NBA MVP, but he is also the sole MVP of the National Football League.
Stay Tuned
The list is still long, and we have many celebrities to talk about. Stay tuned and glued to this page for more news about NFT collections bought by celebrities.
