Which musicians have spent the most money to acquire NFTs?
Image credit: NRK P3 / CC of 2.0From Snoop Dogg to Eminem, we take a look at the musicians who have spent the most money on NFTs, according to a new study.
A recent study from CoinGecko used transaction data from OpenSea, SuperRare and Etherscan to find the most expensive NFTs purchased by celebrities since the beginning of 2021. Of the 50 stars identified in the study, who reportedly purchased one or more NFTs, we compiled a list of musicians who were the largest individual users.
Snoop Dogg – Right Click and Save as Guy ($7,088,229)
To no one’s surprise, Snoop Dogg is the number one musician and celebrity with the most expensive NFT. His purchase of the “Right Click and Save As guy” clocked in at a monumental $7,088,229 (1,600 ETH) at the time of sale. The piece was listed on SuperRare by artist XCOPY and acquired by Snoop in December 2021, where it joined his ever-growing collection of NFTs.
Justin Bieber – BAYC #3001 ($1,301,550)
Pop icon Justin Bieber takes second for the musician with the most expensive NFT purchase with Bored Ape Yacht Club #3001. The singer bought the monkey for $1,301,550 (500 ETH) on January 29, 2022. After he announced the purchase on Twitter, many users began to joke, suggesting that he had paid too much for a monkey with “ordinary” features and characteristics. Considering NFT’s floor price at the time of sale was 104 ETH, or $270,908, Bieber paid almost four times more than necessary to add the monkey to his collection.
Steve Aoki – Doodle #2238 ($852,056)
DJ and producer Steve Aoki purchased Doodle #2238 for $862,056 (269.69 ETH) on January 7, 2022. Aoki even paused one of his live performances halfway through to excitedly announce the purchase and show fans the NFT, designed by Canadian illustrator Scott Martin. Aoki also bought CryptoPunk #6473 for $160,599 (65 ETH) in July 2021, which he sold a few months later for $974,034 (300 ETH). The artist has several accounts on OpenSea, between which he collects and moves his NFTs. His accounts include SteveAoki, SteveAokiVault, SteveAokixTheUntamedVault and 29C1EC.
Marshmello – CryptoPunk #8274 ($504,069)
Masked EDM producer Marshmello bought CryptoPunk #8274 for $504,069 (130 ETH) on October 19, 2021. He also “ape” back in September 2021, buying BAYC #4808 for 75 ETH, which he sold for 150 ETH or $371 on the time – about $183ki profit. Marshmello appears to have a few crypto wallets, but his most lucrative NFT collection is under his OpenSea account, itsmarshmello.
Madonna – BAYC #4988 ($466,461)
Pop legend Madonna purchased Bored Ape Yacht Club #4988 for $466,461 (180 ETH) on March 14, 2022. In addition to owning several NFTs, Madonna has her own series of digital art titled “Mother of Creation”, created in collaboration with the artist Beeple. Despite controversy for showing nude computer renderings of Madonna, one of the pieces sold for around $350,000 (170.5 ETH) in May of this year.
Eminem – BAYC #9055 ($453,776)
Marshall Mathers, better known as rapper Eminem, paid $453,776 (123.45 ETH) for Bored Ape Yacht Club #9055 on December 31, 2021. He purchased the monkey—which he chose because of its resemblance to himself—from Twitter- the user @gee_gazza. NFT features a monkey with white fur wearing a gold jacket and chain with a boxy army hat similar to one owned by the rapper. Eminem has since used the monkey in a music video alongside fellow rapper and NFT enthusiast Snoop Dogg’s monkey.
“Celebrities buying NFTs is proof of how NFTs have begun to intertwine with popular mainstream culture,” said CoinGecko COO and co-founder Bobby Ong. “Whether for investment purposes, used as a social signal or a means of gaining access to exclusive communities, the NFT sector has high growth potential that remains largely untapped today.”
