{"id":81203,"date":"2023-07-04T14:51:33","date_gmt":"2023-07-04T11:51:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81203"},"modified":"2025-09-11T21:30:27","modified_gmt":"2025-09-11T18:30:27","slug":"justin-bieber-loses-1-2-million-on-nft-investments","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/justin-bieber-loses-1-2-million-on-nft-investments\/","title":{"rendered":"Justin Bieber Loses $1.2 Million on NFT Investments"},"content":{"rendered":"

A Bored Ape Yacht Club (BAYC) NFT, presumably owned by pop star Justin Bieber, #3001<\/a> has fallen in price from $1.3 million to $59,000.<\/p>\n

\"Snimok-ekrana-2023-07-04-v-14.20.35\"
Data: Twitter<\/a>.<\/figcaption><\/figure>\n

In January 2022, the singer acquired<\/a> a non-fungible token for 500 ETH on the OpenSea marketplace \u2014 the digital asset is now worth 29.5 WETH<\/a>. At around the same time, theories emerged that the purchase might have been sponsored by the designer behind Bieber’s fashion brand Drew, Gianpierre D\u2019Alessandro.<\/p>\n

According to independent journalist going by the handle Autism Capital, the artist received the NFT as part of a MoonPay collaboration. He posits that the firm could have used the star’s influence to push up the prices of its own token portfolio and sell them subsequently.<\/p>\n

\"Snimok-ekrana-2023-07-04-v-14.21.30\"
Data: Twitter<\/a>.<\/figcaption><\/figure>\n

The account JustinBieberNFTS<\/a>, which is purportedly owned by the Canadian artist, holds 2023 non-fungible tokens, including inBetweeners #3777<\/a>, shown in the profile photo on Twitter.<\/p>\n

The trend of falling NFT prices across collections has been ongoing for some time.<\/p>\n

\"Snimok-ekrana-2023-07-04-v-14.23.41\"
Floor prices of popular NFT collections. Data: The Block<\/a>.<\/figcaption><\/figure>\n

In July 2022, the BAYC floor price stood at 97 ETH (about $1.16 million at the rate at the time); it is now at 27 ETH (about $52,650).<\/p>\n

Earlier, BAYC NFT was acquired by American rapper Eminem. He paid 123.45 ETH (more than $450,000 at the rate at the time).<\/p>\n

Back in March 2023, collector Brandon Riley accidentally burned<\/a> CryptoPunk #685, worth about $129,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Bored Ape Yacht Club NFT, presumably owned by pop star Justin Bieber, #3001, has fallen in price from $1.3 million to $59,000.<\/p>\n","protected":false},"author":1,"featured_media":81204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1356,1415,1213],"class_list":["post-81203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bored-ape-yacht-club","tag-celebrities","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81203"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81203\/revisions"}],"predecessor-version":[{"id":81205,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81203\/revisions\/81205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81204"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}