How much does Justin Bieber make a NFT?

Justin Bieber has entered the Bored Ape Yacht Club chat. Grammy award-winning artist Justin Bieber ventures further into the wonderful world of NFTs, becoming a member of the renowned Bored Ape Yacht Club and dropping some serious dough on one of their NFTs. How much, you ask? Nothing crazy, just $1.31 million.

Did Justin Bieber buy a bored ape Yacht Club NFT?

Bored Ape Yacht Club NFT prices have fallen considerably in recent weeks. Musician Justin Bieber bought a common Ape for $1.3 million in January, vastly more than a similar NFT would sell for on the open market today. Bored Ape Yacht Club hype was in full swing earlier this year as celebrities “aped into” the pricey Ethereum NFT collection.

How did the FTX crash affect Justin Bieber's ape?

The FTX crash sent shockwaves throughout the crypto market, causing the floor price to drop below $60,000 USD before going up slightly to $69,000 USD. Bieber’s ape #3001 is now valued at the new floor price of $69,000 USD, a 95% drop from when he first bought the NFT.

What is the cheapest NFT price?

As of this writing, the floor price for the Bored Ape Yacht Club—that is, the price of the cheapest-available NFT listed on a marketplace—is about 58.2 ETH, per data from NFT Price Floor, or about $69,800. On Monday, the floor price dipped below $60,000 for the second time this month, but it ticked back upwards throughout the day on Tuesday.