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 is left with 340.43 ether worth $879K.
Justin Bieber spent 500 ethereum worth $1.29 million at the time of settlement on a Bored Ape Yacht Club (BAYC)NFT, according to a sale stemming from the NFT marketplace Opensea.
Bieber’sOpensea name is called “JustinBieberNFTS” and the BAYC he purchased was BoredApe Yacht Club #3001. What was interesting about Bieber’s NFT acquisition was the fact that the BAYC’s floor price was 104 ether or $270,908 at the time of 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 lotmore than what the market estimated the BAYC to be worth.\
Bieber also owns a few fractions of the Doge NFT as well. While holding all those NFTs andeven though he paid $1.29 million for BAYC #3001, the “estimated” worth of allof his NFTs today is $502,680, according to dappradar.com stats.
