The “queen of pop” Madonna is the latest artist to acquire a Bored Ape NFT valued at more than half a million dollars
The latest member to join the BAYC is the “queen of pop” Madonna.
In a Twitter post, the 63-year old pop star announced entering the Metaverse after acquiring a Bored Ape NFT valued at more than half a million dollars. Madonna bought Bored Ape #4988, which is a six trait DMT primate with a sleeveless logo tee, an S&M hat.
MoonPay, the crypto custodian and payments processor that serves as a “concierge” service for celebrities interested in buying NFTs, was behind the latest transaction.
For the uninitiated, the company previously launched MoonPay Concierge, a new service for high net worth individuals interested in purchasing crypto and high-value NFTs. Snoop Dogg, Gunna, Meek Mill, Lil Baby, Gwyneth Paltrow, Diplo, and Kevin Hart are some of its well-known clients.
The latest data on the NFT marketplace OpenSea revealed that MoonPay acquired 180 ETH (approximately $564k) ten days ago, then transferred to the singer’s wallet on March 23rd.
Despite high-profile artists increasingly tapping the world of NFTs, many fans on Madonna’s Instagram post were not happy. Some called it a disappointing move, while a few asked the singer to delete the post. Another user complained,
“Madonna. I’ve always looked up to you, but this is very disappointing.”
The pop star’s tryst with the cryptocurrency industry dates back to 2018 when she partnered with Brad Garlinghouse-led blockchain company Ripple to raise funds for orphans in Miami.
Celebs in BAYC
With the latest development, the singer joins the growing list of celebrities who have grabbed an ape of one of the most prominent NFT collections. Canadian musician Justin Bieber, for one, appears to have an appetite for Bored Ape NFTs as he made two purchases in a span of a few weeks – the latest one being $470k worth of ETH. Earlier, he bought a Bored Ape NFT for a whopping $1.3 million (500 ETH).
Marshall Mathers, better known as Eminem, also joined in the craze by allocating 123.45 ETH ($462,000) his first Bored Ape NFT #9055.
Featured Image Courtesy of Vanity Fair