Justin Bieber's NFT investing path ended without really beginning as his unrealized loss reached almost $1.2 million
is notoriously volatile and unpredictable, often resulting in dramatic swings in value. Unfortunately for Bieber, his BAYC NFT fell victim to this volatility. While a steep drop in value is undoubtedly a significant financial setback, it is essential to consider the wider context.
Many celebrities have embraced the NFT culture, but not all have found success. For some, these investments have not been about seeking returns, but rather, they are a part of a larger marketing strategy. By buying NFTs, celebrities align themselves with the forward-thinking digital movement, gaining publicity and fan engagement in the process.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AzukiDAO Votes on 'Reclaim' of 20K Ether After Botched Elementals NFT MintA group of _AzukiDAO NFT holders is voting for the return of nearly 20,000 ether after the Elementals NFT mint, citing disappointment with the collection and alleging the team “blatantly scammed” purchasers. By shauryamalwa
Read more »
Azuki floor price crumbles, with holders down $21,500 per NFTNFT holders left disappointed by the Elementals sale have dumped their Azukis, pushing the floor price even lower.
Read more »
Ethereum NFT trading volume sees highest spike since FebruaryThe Azuki Elementals mint comprised much of last week's spike.
Read more »
I’m Dying for a Closer Look at Hailey Bieber’s Lime Sherbet French ManicureMrs. Bieber is finding more beauty inspo at the ice cream shop.
Read more »
Infrastructure overtakes NFT and gaming as the most popular destination for crypto VCThe NFT/Gaming sector lost its lead on Infrastructure as the most popular sector for crypto VC in June, according to data compiled by The Block Research.
Read more »