Neymar Jr along with Barcelona star bought rare NFT, now facing $4 billion suit surrounding Serena Williams and Stephen Curry

It’s no secret that some of the world’s most famous athletes are avid followers of the burgeoning NFT space. Brazilian soccer superstar and PSG striker Neymar Jr is no exception and is among the buyers of the Bored Ape Yacht Club NFT.

In January 2022, Neymar Jr updated his Twitter profile picture to show off his newly acquired Bored Ape NFT. According to reports, he paid 159.99 ETH for NFL. It was worth $481.6K at the time, which is a lot of money.

Around the same time, Barcelona striker Memphis Depay also revealed his custom diamond grill teeth, which were dedicated to his Bored Ape Yacht Club NFT. Depay’s NFT is number 7921, which ranks as the 1154th rarest in the NFT collection.

Recently, a $4 billion lawsuit has been filed against Yuga Labs, the blockchain startup behind Bored Ape Yacht Club. They have been accused of using musicians, athletes and celebrities to deceptively market and sell Yuga financial products.

Big names involved in the trial

The investor filed the lawsuits Friday in California District Court. it involves many popular figures such as Serena Williams, Stephen Curry, Kevin Hart and Snoop Dogg. As more and more celebrities started endorsing NFTs, people became more interested in investing in them. This campaign helped generate billions of dollars in sales and resales through manufactured celebrity endorsements and deceptive promotions.

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The complaint says the celebrity endorsement artificially inflated the interest and value of the BAYC NFTs. These recommendations caused the prices of NFTs to skyrocket and many people lost a lot of money when they invested in them. The lawsuit alleges that the celebrities knew the investments were risky but promoted them anyway.

Neymar Jr loves NFTs

Ape 6633 is the most valuable NFT owned by Neymar. Neymar also owns another monkey called Ape 5269, for which he paid 189.69 ETH. In addition to the expensive monkeys, Neymar owns other NFTs, such as one from the ACESnikers fashion collection. Other collections include Flipped BAYC, Flipped CryptoPunks, and Flipped Doodles.

Recently, he has also dropped his own line of NFTs. He partnered with NFTSTAR to release Neymar Jr themed NFTs for die-hard fans of the soccer superstar.

See this story: The Most Expensive Football NFTs

What are your thoughts on the Bored Ape NFT billion dollar lawsuit? Let us know in the comments section below.