The NFT market, which marked the year 2022, collapsed due to the fluctuation in the cryptocurrency market. The owners of the Bored Ape NFT collection were also affected by the collapse. NFT, bought by Justin Bieber, came to the fore with a loss of approximately 95 percent.
NFT collections are on the agenda with high depreciation
The crypto money market, which went through difficult days with the collapse of the FTX stock market, also deeply affected NFT collectors. Celebrity collections have lost more than 50 percent in value within a few months.
Bieber purchased monkey number 3001 from the Bored Ape collection in January 2022 for $1.29 million. The present value of NFT, which was bought by Bieber, has decreased to $ 69,000.
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Analysts noted that Bieber paid higher than other collectors’ items at the time he bought NFT. Some collectors think that Bieber paid $1.29 million because he wanted to enter the NFT market and be on the agenda.
Bieber purchased a new NFT from his Bored Ape collection in February 2022. The value of the second NFT he bought was announced as $440,000. It is known that Bieber spent a total of 716 Ethereums for his NFT collection.
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