Justin Bieber Buys NFT for $1.3M

Canadian pop star Justin Bieber paid $1.3 million for a single NFT belonging to his 'Bored Ape Yacht Club' collection. Many Twitter users reacted to this purchase of Bieber.
 Justin Bieber Buys NFT for $1.3M
READING NOW Justin Bieber Buys NFT for $1.3M

It wouldn’t be wrong to say that the NFT craze continues all over the world as well as cryptocurrencies. Many giant companies are making astronomical investments in NFTs (non-fungible tokens), which means the digital certification of assets on the internet by being processed into the blockchain.

As can be expected, many famous names are also included in the NFT trend. World-famous Canadian pop star Justin Bieber is just one of these names. The 27-year-old artist already owns several NFTs; In fact, one of Bieber’s profile photos on social media is an NFT from the inBetweens collection. Now it has been revealed that the famous singer has made a new NFT purchase.

Paid $1.3 million for a single NFT

According to the news, Bieber, who has reached billions of streams on music platforms, bought an NFT with a collection called ‘Bored Ape Yacht Club’ from the popular NFT marketplace OpenSea for 500 Ethereum (ETH), or $1.3 million.

This purchase of Bieber also caused reactions. Users on social media stated that the famous singer was ‘scrapped’, that the NFT purchased was not rare enough to cost $1.3 million and was five times more than its own price. The fact that NFT’s base price on the platform is much lower than the price Bieber bought was among the details supporting these reactions.

The ‘Bored Ape Yacht Club’ collection, consisting of 10,000 monkeys, each of which is different from the other, is among the most popular collections in the world. These images, which find buyers for hundreds of thousands or even millions of dollars depending on their rarity, also attract the attention of many famous names. Apart from Bieber, many famous names from different fields such as Eminem, Post Malone, Stephen Curry had bought NFTs from this collection by paying exorbitant prices.

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