Non Fungible Tokens Are Taking Over: How Justin Bieber Is Shaking The NFT Space To The Tune Of Millions Of Dollars
Justin Bieber is now the owner of two Bored Ape Yacht Club NFTs and one of the few celebrities that own more than one of the popular non-fungible tokens. Here’s how Bieber is impacting Bored Ape Yacht Club positively. How it all started: Justin Bieber made headlines on the 29th of January 2022 with the purchase of several various NFTs including the popular Bored Ape Yacht Club #3001. Justin Bieber coughed up 500 Ethereum (ETH) for the Bored Ape, or around $1.3 million. Many questioned the large price tag given this particular Bored Ape not being the rarest and ranking as the 9777th rarest of 10,000. The floor price of Bored Apes hit new highs days after Bieber’s purchase, with the price rising to 115 ETH to 118 ETH. Bieber’s Ape purchase marked the seventh-highest amount paid for a Bored Ape in ETH, according to OpenSea. Since Bieber’s purchase, several large sales followed in on other rarer Apes, which could be attributed to the continued interest in the well-known NFT col