In April 2021, Paris Hilton made the first token that couldn’t be exchanged for cash (NFT). She told CoinDesk at the time that NFTs had “pretty much taken over my whole mind and spirit.” Hilton said she started investing in cryptocurrencies as early as 2016, but she really made headlines for being one of the celebrities who “jumped on the bandwagon” during the 2021 craze.
Still, things are different now. A study by Alchemy shows that the price of ether has dropped by 60% since the beginning of 2022 and that the number of NFT trades has dropped by 88% since the third quarter of 2021. As the bear market continues and the buzz around NFTs dies down, CoinDesk wondered what the celebrities’ NFTs are worth right now.
Using the rankings on CoinGecko, we compared how much famous people paid for NFTsand who bought the most expensive nft monkey at the time to how much they would be worth now if they were sold for the same amount of ether (ETH).
Use the right-click to save. As guy was made by the digital artist XCOPY, and in December 2021, the singer and music producer Snoop Dogg bought him.
For the first NFT, Snoop paid 1,600 ETH, which was worth $7,088,229 at the time. After Ethereum’s value dropped, the same amount of ETH would be worth $2,083,456, which is less than two-thirds of what it was worth before.
Snoop’s interest in NFTs and Web3 has grown over the past few years. In February 2022, Snoop Dogg said that he planned to turn Death Row Records into an NFT music company. A few weeks later, OpenSea put some NFT songs up for sale.
Gary Vaynerchuk, a businessman who is also known as Gary Vee, bought 1,600 ETH, or $3,953,216, for CryptoPunk #2140 in July 2021. Vaynerchuck and Snoop both bought their tokens for the same amount of ETH, but Vaynerchuck paid less because he bought his token five months before Snoop. Both men would have to pay $2,083,456 for their NFTs today.
The entrepreneur Vaynerchuck, who made the site Resy for making restaurant reservations, is said to have more than 7,000 NFTs. He makes things and also collects things in the Web3 sector. In May 2021, he released the VeeFriends NFT collection on OpenSea. In May of this year, he trademarked Vayner3, his own NFT consulting company.
In January 2022, pop star Justin Bieber paid $1,301,550 for Bored Ape Yacht Club (BAYC) #3001. (500 ETH). When Justin posted a picture of a monkey on Instagram, he didn’t say that he had bought it, which led to rumors. Bieber thinks that this NFT is worth $651,080 on the market right now.
Steve Aoki is the fourth-best DJ and music producer. In January 2022, he bought Doodle #2238 for 269.69 ETH, which is about $862,056. At the current price of $351,179, Aoki would have paid less than half the original price for his Doodle.
Aoki has worked to help the Web3 industry grow. In April of the year before, he posted Sci-Fi NFTs on the NFT portal Nifty Gateway and got enough money to make an NFT TV show in August of 2022.
Logan is a wrestler in WWE. Paul bought the well-known YouTuber Logan K4M-1 #03 from the 0N1 Force Collection. Paul paid $624,669 (or $244,806 in today’s dollars) for this NFT in February 2021 that was worth 188 ETH.
But a tweet that went viral recently said that this “Bumblebee NFT” only cost $10 today. DappRadar, a data provider for decentralized applications, looked at the data and decided that the token was worth 8.12 ETH, or about $10,516.
Paul was able to get his hands on collections at the start of the craze because he got into NFT early. He is in charge of several CryptoPunks, World of Women NFTs, a Bored Ape, and two OpenSea accounts at the moment.
Neymar Jr., a Brazilian soccer player who plays for PSG, bought BAYC #5269 in January 2022 for 186.69 ETH, or $569,531. If he had bought it today, the NFT would be worth $247,007. Neymar bought both BAYC #6633 on the same day for $1.05 million.
During the excitement, he changed his profile picture for a short time to a cryptocurrency token, but he has a longer history with cryptocurrency than that. With the help of Socios, a European blockchain company with ties to Barcelona, Juventus, Atletico Madrid, and Manchester City, his soccer team plans to make a social token in 2018.