The NFT wave of last year altered the manner in which we see digital art, and in 2022, several prominent NFT collections among celebrities, such as the CryptoPunks and the Bored Ape Yacht Club, reached new all-time highs.
The stories that keep emerging about famous people purchasing non-fungible tokens with tens of thousands, hundreds of thousands, or even millions of dollars keep making headlines. NFTs have outperformed crypto as we approach the end of 2022, and celebrity NFT investors are continuing to join the web3 community.
We were able to determine the most costly non-fungible tokens (NFTs) that have been acquired by celebrities using the transaction data from OpenSea, SuperRare, and Etherscan and how much their tokens are worth now.
This article will present the most well-known celebrities who are NFT owners, together with the amounts of money they have invested in NFTs and the current value of those tokens.
American musician and celebrity, claims the top rank with his purchase of “Right Click and Save As Guy," which clocked in at a jaw-dropping $6,579,072 (1,600 ETH) at the time of purchase. This NFT item has not received any bids as of the time this article was written, and Snoop still owns it.
In fact, only the previous year, Snoop disclosed that he had been purchasing costly digital art under the guise of a rich NFT collector known as Cozomo De Medici.
American musician joined the club with Bored Ape Yacht Club #9055 on December 31, 2021. He spent $453,776 (123.45 ETH) on the property at the time of the transaction.
His BAYC token, in contrast to Madonna's ape, regularly receives higher bids about $77,125.62 (69.43 WETH).
Entrepreneur, or Gary Vee, as he is sometimes nicknamed to online, and his CryptoPunk #2140, which he grabbed for a cool $3,953,216. This put him in the running for the top spot (1,600 ETH). Interesting fact that he’d transferred the same amount of Ethereum as Snoop Dogg for his purchase.
Gary Vee continues to be the proud owner of this Cryptopunk, which does not currently have any listings or offers.
According to his OpenSea account, Vee is a dedicated NFT collector as well as an evangelist for the technology. He is said to have acquired about 7,000 NFTs from a variety of projects. He has developed a cult following, in part due to the excitement he caused within the cryptocurrency industry.
The famous singer and songwriter got his Bored Ape Yacht Club #3001 on January 29, 2022. He paid $1,301,550 (500 ETH) for the property at that time. After making the news of the purchase on Twitter, many individuals were eager to make fun of the celebrity, implying that he had spent too much for an ape who had many of the same qualities and characteristics as humans.
Since the floor price of the NFT at the time of the sale was 104 ETH, which is equivalent to $270,908, this indicates that Bieber spent close to four times as much as he needed in order to add it to his collection. At the moment of writing, the best offer on his ape is $60,807.38 (54.74 WETH) and it doesn’t look like he will sell it anytime soon.
The American DJ and producer purchased Doodle #2238 on January 7, 2022. Aoki paid $862,055 (269.690 ETH) for the doodle, which puts him in fourth position. Following the completion of the transaction, Aoki stopped one of his live concerts in the middle of it to enthusiastically present the audience the NFT, which had been created by the Canadian cartoonist Scott Martin.
Due to the fact that the cost of the Doodles collection has drastically decreased over the course of the last year, the current bids on this NFT remain in the range of $8,182.45 (7.366 WETH), despite this, Aoki continues to be the owner.
With the acquisition of K4M-1 #03 from the 0N1 Force collection, YouTube sensation turned boxer made a big move at that time. When he first entered the NFT market all the way back in February 2021, he paid a hefty premium for this NFT by paying $624,669 (188 ETH) for it.
At the time of this writing, it is likely that this purchase represents the greatest loss. Now the floor price of the ON1 Force stands slightly above 0.4 ETH, and the best bid on Logan’s rare token is only $1,022.04 (0.9201 WETH) and isn’t about to move. There is no obvious profit to be made by selling it.
The legendary pop singer also purchased Bored Ape Yacht Club #4988 on March 14, 2022. She paid $466,461 (180 ETH) for the BAYC membership at the time. The musician continues to keep ownership of the token despite the many bids that are made close to the set floor price around $60,874.03 (54.8 WETH).
The fact that celebrities are beginning to invest in non-fungible tokens is evidence that these assets are becoming more integrated into mainstream society. Whether it is for the purpose of investing, used as a social signal, or utilized as a method to acquire access to some closed communities, the NFT sector has a tremendous development potential that is still mostly unexplored today.
Regarding the return on investment for these NFTs, celebrities probably fared poorly since it may just be another investment category for them, whereas regular enthusiasts and investors anticipate a respectable percentage gain. Sports stars like Colin Kaepernick, and actresses like Gwyneth Paltrow have all gotten on the NFT bandwagon. Given the momentum of the NFT business over the last several years, its future development is something we will be keeping a close eye on.