Wednesday, December 6, 2023

Justin Bieber Has Lost Over 1 Million Euros For NFTs, But He’s Not The Only Celebrity Who Has Reason To Regret

Many celebrities have lost huge amounts of money due to the decline in interest in the bored app.

In the midst of NFT fever, bored monkey They became the digital commodity that everyone wanted to have. About a year ago, several celebrities picked up these artworks featuring monkeys, which, for a few weeks, didn’t stop them from raising their price and placing the word “NFT” on all covers and headlines. However, as the digital token balloon cooled, so did the interest in the monkeys, leading to the loss of various celebrities. hundreds of thousands of euros,

Of the most popular NFT collectibles, the Bored Ape Yacht Club (BAYC) definitely took the cake. Initially sold 10,000 avatars for the value of 200 euro Each, which is why celebrities like Justin Bieber, Eminem and Neymar became interested in the business potential. However, once controversy erupted over lawsuits against celebrities who apparently received payment to promote the product, interest in them suddenly began to wane. And as a result, the price of these overalls today is not even a fraction of what they cost.

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Neymar is the biggest money-loser celebrity

As the French portal Juxvideo indicated in a recent publication, many celebrities have lost hundreds of thousands of euros After a drop in the value of these digital monkeys. The most affected people include some of the most famous football players, singers and actors from around the world:

  • Justin Bieber: Estimated loss of €1.13 million
  • Neymar Jr: Estimated loss of 614.200 Euro
  • Post Malone: ​​Estimated loss of 474.000 Euro
  • Eminem: Estimated loss of 340.385 Euro
  • Serena Williams: Estimated loss of 260.600 Euro
  • Paris Hilton: Estimated loss of 194.800 Euro

Thus, as can be seen in the list, relevant figures from all kinds of subjects have experienced a significant decline in the value of their NFTs. In fact, even efforts such as limited and niche games have failed to sustain or revive interest in digital monkeys. However, some do not give up in their attempt to give value to this type of token, an aspect that has inspired Cristiano Ronaldo to launch an exclusive collection designed for his biggest followers.

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Nation World News Desk
Nation World News Desk
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