Madonna purchases a new bored ape NFT for $560K πŸ’₯

    After entering the metaverse by acquiring a Bored Ape NFT valued at more than half a million dollars, the 63-year-old popstar announced on her social media pages. Madonna bought Bored Ape #4988, a six trait DMT primate with a sleeveless logo t-shirt and an S&M hat.


    The singer announced on her social media pages on the 24th of March that she had acquired an NFT from the popular BAYC collection for $560k. Madonna becomes the latest celebrity to publicly endorse the digital apes, following high profile purchases by other artistes like Eminem, Justin Bieber and Paris Hilton. This purchase is on-brand for the artiste as she is known for her provocative lyrics and performances. It was reported that she paid 105% more than the collection floor and 57% more than the adjusted floor price to secure the NFT.

    In her post, she gave thanks to the cryptocurrency service MoonPay, a platform that buys Bored Ape NFTs at a premium to later offer them at an auction to affluent individuals. MoonPay has been involved in purchasing expensive NFTs for celebrities recently. American rapper and songwriter Wiz Khalifa leveraged MoonPay to purchase the Bored Ape #1506 just as recently as Madonna purchased hers.

    Despite many high profile artists venturing into NFTs, some fans on Madonna’s Instagram post were not happy. A few asked the singer to delete the post while some called it a disappointing move. The artiste’s interest in the digital assets space goes as far back as 2018 when she partnered with the blockchain company Ripple, in order to raise funds for orphans in Miami.

    Asides Bored Ape #4988, Madonna also owns a bunch of more NFT collectibles πŸ‘€

    She currently holds 17 NFTs from eight different collections. Although Madonna’s wallet has just $30 worth of ETH, the wallet holds around $21,285 worth of Apecoin. According to data tracker DappRadar, Bored Ape has become one of the top NFT collections with $1.4 billion in lifetime sales over the past year. Currently, the BAYC NFT collection has the most expensive floor price with a current value of 103.69 ether. The NFT collection has an estimated market value of about $1 billion.

    Image source Tezos 🎯

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    Lucas Jackson
    Lucas Jackson
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