Will these NFTs once again reach the heights that celebrities pay for them?
Original title: " These Celebrity NFT Losses Are Mind Blowing! "
Written by: Kris
Compile: black rice
I stumbled across Neymar's profile while browsing Opensea the other day, so I decided to take a look at what NFT collectibles he had. Turns out, the price he paid for some NFTs and what those NFTs are worth now is jaw-dropping. This reminded me of other celebrities paying huge sums for Bored Ape Yacht Club(BAYC) or CryptoPunk, so I decided to document it.
Neymar Jr - Bored Ape Yacht Club #5269
The Brazilian football star fueled the then NFT craze by purchasing BAYC #5269 in January 2022 for a whopping $569,531, and it is currently worth $121,992, so Neymar lost $447,539.
Love it or whatever it is, but it doesn't seem like this was just a hype buy.
Neymar actually bought quite a few NFTs in 2022, as his gallery on Opensea shows 63 NFTs. He also owns BAYC #6633, which cost him another $480,359 in January 2022, but this NFT is currently only worth $88,742, so he lost another $391,617.
Another important piece in his collection is the BAYC variant MAYC #10953, for which Neymar paid $170,639 in April 2022 and is currently only worth $25,007, thus losing $145,632.
The other NFTs in Neymar's collection seem a bit out of place, and I wouldn't be surprised if they were given to him as freebies for some reason.
So, at the time of writing, he has spent $1,220,529 on three premium NFTs currently worth a combined $235,741, for a loss of $984,788.
It amazes me that he owns so many NFTs, is fully into the NFT space, and not just one of those celebs who spend a lot of money on monkeys alone.
Eminem - Bored Ape Yacht Club #9055
Eminem, one of the greatest rappers of all time, also jumped on the NFT train, buying BAYC #9055 for $453,776 on New Years Eve 2021. It's currently only worth $88,746, so Eminem lost $365,030 on it, or about $1,000 per day as of writing.
Like Neymar, Eminem is fully into the space as he showcased 109 NFTs on Opensea. Nothing fancy about his BAYC, but there's some cool stuff in there. However, his profile sucks because he didn't put in any effort, so if you're reading this, please sort out your Opensea profile, bro.
Spending nearly half a million dollars for a picture of a monkey is crazy for the average person, but a piece of cake for a celebrity like Eminem.
What I really liked was that he took advantage of the BAYC he bought because he and another rapper, Snoop Dogg, used their monkey in the music video, which I have to say was pretty cool.
Snoop Dogg - Bored Ape Yacht Club #6723
I have a lot of respect for Snoop Dogg because I know he's been in the crypto industry for a while. In December 2021, he purchased a bunch of NFTs with a total value of $366,324, the most important of which was BAYC #6723.
Other NFTs include two Mutant Apes and a Bored Ape Kennel Club NFT. Those familiar with Snoop Dogg should know that he likes the traits of cheetahs - leopard print (Doge).
Today, Snoop is not only a collector, but also an NFT creator.
The collectibles he's showing on Opensea currently number around 3,100, and while as far as I can tell most are the same NFT with a different token ID, which seems a little out of the ordinary, at least he's serious about the NFT space. I also believe he has something to do with other projects, such as animal concerts.
Madonna - Bored Ape Yacht Club #4988
Back in March 2022, Madonna bought herself a monkey for $466,461. It's currently worth $88,896, so Madonna lost $377,565 on it.
There are also 29 pieces from Madonna's collection on display at Opensea. This includes two World of Women NFTs, which were also quite expensive at the time of her purchase.
Justin Bieber - Bored Ape Yacht Club #3001
Now this is just exciting! Not only did Justin Bieber buy one of the most boring monkeys I've ever seen, but he paid a whopping $1,301,550 for it. It's currently only worth $86,613, so a loss of $1,214,937 is a staggering loss, but luckily, he's one of the best-selling singers of all time, so he can afford to lose over $1 million without Will blink.
Justin's Opensea NFT profile is also underwhelming, but he's been collecting and currently holds about 1,900 NFTs, so I don't think he's buying the hype just by other celebrities spending money on NFTs.
Paris Hilton - Bored Ape Yacht Club #1294
Paris Hilton is another big celebrity who bought a monkey in January 2022 for $287,055 and is now worth $86,653, so she currently has a loss of $200,402.
Paris has been in the crypto industry for a long time, so it's only fair to her that she didn't see a huge loss because she sees the value in NFTs and the future they hold. Her Opensea collection contains approximately 1,500 NFTs, and she has created nearly 26,000 NFTs so far.
Now let’s discuss other types of NFTs, but before we do, other famous celebrities who have purchased monkeys include Jimmy Fallon, Gwyneth Paltrow, Timbaland, and Steve Aoki.
Next came CryptoPunks, the series that baffled me. At least the monkeys look great, but these CryptoPunks remind me of my childhood days playing on my Gameboy handheld. I know they're the oldest NFTs out there, but no matter how rich I am, I can't justify spending a ton of money on a pixelated villain. I'd much rather buy a monkey or any other NFT with more aesthetics.
Serena Williams - CryptoPunk #2950
Back in June 2021, tennis great Serena Williams paid $177,123 for an NFT of this pixelated villain, which I guess looks like a tennis player, so bought it. As far as I know, it's not currently available in any market, so it's hard to value. But if she still kept the 85 ETH she paid for the NFT, she would only be able to exchange about $102,876 today, which would be a loss of $74,247.
She has 66 NFTs in her unnamed profile on Opensea, and it looks like she's spending even more money on many small projects.
Gary Vaynerchuk - CryptoPunk #2140
Entrepreneur and Internet personality Gary Vaynerchuk nearly overwhelmed me. At a cost of $3,953,216 (1,600 ETH), I can only imagine him being an ETH whale, because if you're spending 2% of your net worth on an NFT, then you'd need a reason too.
Likewise, CryptoPunk #2140 is hard to value, but if he still kept the 1,600 ETH he paid for the NFT, it would be $1,934,367 at today's prices, so he would have to take a $2 million loss.
I think he's a real NFT collector as his Opensea profile says he has 6,800 NFTs and some of them have wasted his money but when you have a net worth of $200 million it's really It doesn't matter. "It's better to spend it, because you can't take it with you. (Doge)"
Logan Paul - Bumble Bee
This is the last one I want to mention because, influencer Logan Paul paid a whopping $667,000 for it in December 2021, and it's currently worth about $2,000, a loss of $665,000.
Additionally, Rogan is also the owner of five CryptoPunks (#2294, #6762, #5569, #7861, #4484). The most expensive of these is CryptoPunk #2294, which he bought for 110 ETH($163,003) on February 25, 2021. However, he has publicly announced many times that he will hold these NFTs for a long time and has no short-term plans to sell them.
summary
Regardless, it's fun to explore the celebrities who own these super-expensive NFTs.
However, we know that the cryptocurrency market operates in cycles, and there is no doubt that the NFT market will rebound sharply during the next bull market.
Will these NFTs once again reach the heights that celebrities pay for them? I don't think so, but who knows? Considering the money a celebrity earns, it's just consumption to him, and they probably don't bother with their losses at all. And these NFTs are owned by celebrities, I guess they will add more value during the next bull run.
