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Justin Bieber Buys BAYC NFT Ape For $1.29 Million - TheNewsCrypto

NFT

thenewscrypto.com 01 February 2022 07:00, UTC
  
Reading time: ~2 m

  • The NFT sales of the Bored Ape Yacht Club alone have exceeded $1 billion.
  • Bored Ape NFTs have sold for as much as $3.4 million.

A “generative” picture, like the Bored Ape avatars, is a sort of NFT image. NFT pioneers Larvalabs, well-known for their unique Cryptopunks avatars, maybe the oldest example before the rise of this. They have taken numerous approaches.

Randomly generated avatar pictures are created by an outfit like Larvalabs, mixing and blending character art pieces like a video game character builder. Each picture is unique because of this. To put it another way, it’s similar to a deck of cards, except that there is only one of each card.

The NFT sales of the Bored Ape Yacht Club alone have exceeded $1 billion. Bored Ape NFTs have sold for as much as $3.4 million, which is a record high, although they are often sold in the tens of thousands.

Popular crypto analyst Lark Davis has tweeted about how people are talking about the million-dollar sales of such apes, but no one talks about the geniuses behind the making. Have a look at the tweet.

Lots of chatter about the people buying pictures of apes for hundreds of thousands or millions, not much mention of the geniuses selling those pictures! Well done! #nft #crypto

— Lark Davis (@TheCryptoLark) February 1, 2022

300% More Than the Market Price

Justin Bieber paid $1.29 million for a Bored Ape Yacht Club (BAYC) NFT, a whopping 300% more than the vessel’s market value. On Monday, in an Instagram post, he shared a picture of the new BAYC #3001, a cartoon ape in a black T-shirt with tears in its eyes.

As of January 29, 2022, the NFT’s projected worth was $208,237, which means the celebrity paid over 300% more than the token’s estimated value for it. And Justin, not the only celebrity who’s jumped on board. NBA star Stephen Curry, Paris Hilton, Jimmy Fallon, and rapper Gunna have also acquired BAYC NFTs, 


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