Cryptocurrency Nov 18, 2022 03:00AM ET
Nifty News: Celebs lose big on BAYC, Meghan and Harry building a metaverse, and more.
Celebrities facing huge losses from BAYC NFTs
The hype behind the Bored Ape Yacht Club (BAYC) over the last year resulted in many celebrities investing in the Ethereum-based nonfungible token (NFT) collection with many, such as singer Justin Bieber, paying top dollar.
Bieber paid 500 Ether (ETH) for BAYC #3001 on Jan. 29, which at the time was valued at around $1.28 million, while the current top offer on the NFT cracks just over $69,500.
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