Queen of Pop Becomes a Metaverse Material Girl — Madonna Buys Bored Ape for $564K – Bitcoin News

The ‘Queen of Pop,’ Madonna has revealed she has “entered the metaverse” after she acquired the non-fungible token (NFT) collectible Bored Ape #4988. According to onchain data, Madonna’s Bored Ape #4988 was purchased for 180 ether or $564K at the time of settlement.

Madonna Says She ‘Finally Entered the Metaverse’

Madonna has become the latest celebrity member of the Bored Ape Yacht Club, (BAYC), NFT collectors. The singer-songwriter and actress revealed the purchase on March 25, 2022, via the pop star’s Instagram page.

“I finally entered the Metaverse… My very own Ape! Which name should she be given? Thank you [Moonpay]. We all need protection from Evil Eye,” Madonna told her Instagram followers.

During the last two days, Madonna’s Bored Ape reveal on Instagram received around 86,668 likes. Madonna received advice from many fans on how to name her newly-acquired BAYC.

“This is cute, I like it,” one individual wrote to Madonna. “Btw, isn’t Evil Eye just a superstition? No one is naturally evil. I would name her Pinky,” the person added. A different Instagram user was more serious and stated:

Name her: ‘Nobody Will Care About This In 10 years.’ A Cabbage Patch Beanie Baby FOMO for the 21st century. This is her destiny for the digital garbage heap.

Moonpay Purchases Expensive NFTs For Celebrities. Madonna Now Owns 17 NFTs From 8 Collections

Moonpay is rumored to be involved in buying NFTs from celebrities. The American rapper, singer, and songwriter Wiz Khalifa leveraged Moonpay to acquire Bored Ape #1506 around the same time frame as Madonna’s purchase.

Besides Bored Ape #4988, the metaverse ‘Material Girl’ owns a bunch more NFT collectibles as well. Madonna has 17 NFTs currently, according to statistical data.

While Madonna’s wallet only has $30 worth of ethereum, the wallet does hold $21,285 worth of apecoin (APE). Eminem and Paris Hilton own BAYC NFTs. Shaq, Gwyneth paltrow and Shaq also have them.

The Bored Ape Yacht Club NFT Collection currently has the highest floor price at 103.69ether. Market capitalization estimates that it is worth around $1 Billion. In the last 24 hour, volume for the BAYC collection was $7.2 Million or 2,311 Ether.

How do you feel about Queen of Pop being a metaverse material woman after she bought Bored Ape #4988 at $564K inether? Comment below to let us know your thoughts.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.