A recent trending story in the NFT non-fungible token art space is how Justin Bieber’s January 2022 purchase of Bored Ape #3001 has lost nearly all of its value. The pop star acquired the digital art piece for 500 ETH (Ethereum), which was valued at roughly $1.3M at the time. The present value of Bored Ape #3001 has since imploded, potentially losing about 99% of its value. That’s according to OpenSea’s collection floor listing, which stands at 6.10 ETH or approximately $11.7K.
The Bieber provenance could easily push that value higher, but no matter how you slice it, that’s not exactly “standing on business”. In 2021 and 2022, the Bored Ape Yacht Club was bumping. In addition to the Biebs, other big names that got in on the ape action include Jimmy Fallon, Post Malone, Snoop Dogg, Kevin Hart, Madonna, Lil Baby, and Timberland. Steph Curry is now part of the Bored Ape Yacht Club (“BAYC” in his Twitter bio), a collection of 10,000 unique Bored Ape NFTs.
The 2x MVP paid 55 ETH for this one, which is $180,000 — or, 0.39% of his $45.7M salary next season. One of the greatest tennis players of all time, Serena Williams, was gifted a pink Bored Ape by her husband, Alexis Ohanian, the co-founder of Reddit and a well-known NFT supporter. Should Curry sell and only get the floor value of 6.10 ETH (albeit an unlikely scenario), he would stand to lose a bit more than 93% of his initial investment.
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