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Justin Bieber Gets a Bored APE Yacht Club NFT for 500 ETH

NFT

www.cryptonewsz.com 31 January 2022 13:40, UTC
  
Reading time: ~2 m

On Saturday, the well-known pop-star Justin Bieber purchased a Bored Ape Yacht Club NFT for $1.3 million. The non-fungible coin is linked to an OpenSea account called Justin Bieber NFTs, which is thought to belong to Justin Bieber. The account, on the other hand, is the owner of many NFTs in Betweeners. According to OpenSea, the 500 ETH purchase cost was the seventh most for a Bored Ape.

OpenSea is one of the most well-known NFT marketplaces, providing a platform for producers to advertise their NFTs on the market, as well as traders and creditors to choose from its vast selection. OpenSea is an NFT platform based on the Ethereum blockchain that allows for simple and safe buying and selling.

Over a hundred NFTs are owned by the OpenSea account, including recent purchases of well-known NFT assignments such as Doodles, CloneX, and World of Women. A World of Women NFT was purchased for sixteen ETH on Saturday. A New Punk Blue backdrop is found in 12 percent of all apes, a Black T is found in just 3% of all apes, sad eyes are found in 6% of all apes, dark brown fur is found in 14% of all apes, and a bored unshaven mouth is found in 16% of all apes.

OpenSea is a non-fungible token marketplace on the internet. Devin Finzer and Alex Atallah created it on December 20, 2017, in New York. Since the beginning of 2022, OpenSea has been generating headlines. OpenSea secured $300 million in fresh venture finance earlier this year (from Paradigm and Coatue Management), valuing the company at $13.3 billion. Dharma Labs, an ethereum wallet provider, was also bought by OpenSea this month.

Opensea declared on January 27 that it would limit the number of NFTs a user may generate, but after user outrage, it overturned the decision the next day.

After a user interface issue allowed consumers to acquire more than $1 million worth of NFTs at a discount, OpenSea compensated users roughly $1.8 million in January 2022.

Bored Ape Yacht Club is a set of 10,000 Bored Ape NFTs, which are one-of-a-kind digital collectibles that exist on the Ethereum blockchain. NFTs that are thought to be valuable has become a status symbol, much like any other touted product. At Christie’s, a Beeple NFT sold for $69 million, placing Beeple “among the top three most valuable living artists,” according to the auction house. Some NFT collectors believe that, like precious tangible pieces of art, these objects will appreciate in value. So far, they’ve proven correct for a handful of NFTs.


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