NFTs and their popularity have grown so much that even celebrities have jumped onto this business. They want to diversify their riches into cryptocurrencies and different collections of NFTs that appear every day and vary on exclusivity and price.
One of the celebrities that has caught everyone’s attention due to his massive investments in NFTs is the incredible pop superstar Justin Bieber. This article is meant to showcase how his collection has grown over the years and the next steps he desires to take in his crypto career.
If you want to learn more about this, we encourage you to keep reading and share it with anyone you think might like it.
Who Is Justin Bieber?
Although anyone who hasn’t been living under a rock for the last 15 years may know who Justin Bieber is, it is important to do a quick review of several aspects of his career.
Justin Bieber is a Canadian singer and songwriter who started his career back in 2008 when he was discovered by Scooter Brown and signed in RGMG records. It wasn’t long after that when he released his first EP and was quickly raised to the spotlight as a teen idol.
His debut album was a worldwide success, and he became the youngest solo male artist to top the Billboard 200 chart. Moreover, this was followed by several world tours, scandals, albums, and much more, which turned him into one of the best-selling artists of all time.
He has won several awards due to his outstanding music career and has even been named one of the world’s most influential people several times. Surely, we haven’t seen the last of Justin Bieber’s career, as he keeps creating new and interesting projects for his fans worldwide.
Justin Bieber’s NFT History
Justin Bieber is a huge influence on many people, but not everyone would think he went as far as being one for the crypto world. We’re all familiar with the status symbolism of NFTs among celebrities, which is why it isn’t surprising to see someone as famous as Justin Bieber diving into the crypto craze and buying a severely overpriced Bored Ape.
The Bored Ape Yacht Club
The Bored Ape Yacht Club is a collection of 10,000 NFTs of randomly generated monkey pictures. There are no two identical Bored Apes, and although all of them share the same body and uninterested look, their expression and accessories are what define their worth and rareness.
These types of NFT collections are known as NFT profile pictures, and there are several others such as World of Women and Cool Cats. However, none of those have created such a huge fanbase and supportive community as the BAYC.
Nonetheless, owning a Bored Ape isn’t only about having a random picture and using it as your social media profile pic. When you buy one of these, you also receive access to their exclusive Discord membership, where you can interact with everyone else who owns a Bored Ape NFT.
Another great perk of owning a Bored Ape is accessing more exclusive NFTs, which can result in a fantastic profit later on. One good example is when Yuga Labs released a “mutant serum” that created a mutant Bored Ape image. Therefore, owning one of these NFTs works as a one-time subscription to an incredible community and access to several perks in the crypto world.
Justin Bieber bought an NFT of this collection, specifically the BAYC #3001. He purchased it for $1.3 million, or 500 ETH, which is an incredibly high rate even for these acclaimed monkeys. One regular piece of the Bored Ape collection tends to cost around $200,000, but Justin doesn’t seem to regret his purchase, as he has been proud enough to flaunt about it on all of his social media pages.
However, the total net worth of Justin Bieber overpasses the mark of $250 million, which explains why he decided to pay such an overpriced amount for this NFT with no rare traits that would compensate its cost. Still, loads of Twitter and other social media users have mocked him and his outrageous decision to spend so much for something that only exists in the digital realm.
After buying his first Bored Ape, the pop sensation Justin Bieber decided that only one wasn’t enough and that he wanted to expand his collection by purchasing a second one. Nonetheless, this time he learned from his previous mistake and bought the Bored Ape #3850 for $470,000. His new ape is a lot more interesting than his first acquisition, as the pink fur, cool outfit, and icy grin are a much rarer combination, ranking below the 1% in ape rarity.
It is also interesting to mention that this second NFT bought by the pop star was never publicly auctioned in Open Sea. It was simply transferred to Justin’s account after privately selling it.
Other Crypto and NFT Investments
Moreover, Justin Bieber doesn’t only invest in Bored Apes, as he has a wide history of buying plenty of Teddy Bear NFTs for his collection. His interest started when InBetweeners gifted him one of its acclaimed NFTs, but then Justin began purchasing several of them to increment his portfolio.
However, some people have gone as far as speculating that Justin didn’t buy all of these NFTs by himself and that he was gifted these collectibles to increase their popularity. These rumors come from the fact that Justin never publicly announced his wallet address, and his profile picture wasn’t from a verified NFT. This raised many suspects of whether he controlled his wallet or not. Nonetheless, these accusations don’t have solid standpoints and are nothing but rumors.
It is also important to mention that even though these have been the most relevant NFT purchases from Justin Bieber over the years, they aren’t the only way he’s involved in the crypto world. Justin has a vast portfolio of BTC, ETH, and even DogeCoin. In addition, he has over 600 NFTs from more than 50 collections, which makes for an incredibly varied portfolio that is sure to pay off in the long run.
He has been such an important figure in the crypto world that his sudden investments increased the average rates of all Bored Ape NFTs after his purchase was ranked in OpenSea as the seventh-highest amount paid for an NFT of this collection. The previous six purchases exceeding the 500 ETH had been made less than four months before Justin Bieber’s purchase.
Moreover, he also helped increase the popularity of InBetweeners and its Teddy Bear collection. This impact has been shown by the increase in the floor price for its collectibles.
Aside from being one of the most famous people in the world, Justin Bieber became one incredible personality from the crypto world. He has proven to be an NFT lover, and his path doesn’t seem to be ending anytime soon.
You can expect several upcoming news about Justin Bieber, cryptocurrencies, and how he is going to keep expanding his portfolio with new NFT collections.
If you found this interesting and wish to know more about celebrities and how their interest in NFTs keeps growing, please check out the rest of our page.