Steph curry, one of the most wealthy basketball players in the world, purchased an NFT. The internet is in a frenzy . Non-fungible tokens , also known as NFTs , are a controversial topic. However, a celebrity spending a huge amount of money on one is definitely worthy of special mention. And when we say outrageous, we really do mean outrageous.
Justin Ford/Getty Images
The Bored Ape Yacht Club recently sold an NFT to a famous basketball player. The image shows the exact opposite of what its name implies — an ape who doesn’t seem to be amused. The ape is sporting a polkadotted cravat and blue fur. Steph Curry is the owner of the Bored Ape, as per the rule regarding non-fungible tokens. The question is: How much did he spend on it?
The Ape was sold in August 2021 on OpenSea, an NFT marketplace. The details of the sale are public, so everyone can see that Curry paid 55 ETH (Ethereum) for the fancy-looking monkey. This means that Steph Curry spent around $180,000 (converted using USD/ETH prices in August, 2021) to become the sole owner of the #7990 NFT in the Bored Ape Yacht Club series.
A good investment or a costly jpg?
Stephen Curry proudly presented his Bored Ape on Twitter by making it his profile picture — this is a common thing to do in the NFT community. His profile has been restored to normal but he still owns this extremely expensive non-fungible token. But if $180k sounds insane to you, your mind is about to be blown, because Curry’s NFT is not the most expensive Ape out there.
As of the publishing of this article in January of 2022, the highest recorded sale of a Bored Ape Yacht Club NFT on OpenSea was worth 769 ETH. At the time of the sale in September 2021, this amounted to over $2.3 million. The Bored Ape art style is subjective. However, it has become a symbol for prestige in the NFT world.
CryptoPunks are a similar kind of NFT that have managed to reach insane numbers and is now a symbol more than a work of art–it’s hard to find any trace of artistry in the pixelated images, but that doesn’t prevent them from being sold for millions. In March 2021, a CryptoPunk sold for 4,200 ETH. By today’s standards, that transaction was worth over $13 million. A CryptoPunk was one of the first three NFTs ever placed in a major auction with Sothebys.
It’s clear that Steph Curry