Summary

Justin Bieber purchased a Bored Ape Yacht Club (BAYC) NFT, #3001, for $1.3 million, joining a list of celebrities who own BAYC NFTs, amidst speculation that the purchase price and his silence on naming it "Peaches" are intentional due to his song of the same name.

Abstract

The article discusses Justin Bieber's recent acquisition of Bored Ape Yacht Club NFT #3001 for a significant sum of $1.3 million, which is well above the current floor price. Bieber's purchase adds him to the ranks of other high-profile BAYC owners, including Gwyneth Paltrow, Logan Paul, Eminem, and Jimmy Fallon. The article speculates on the reasons behind Bieber's choice of NFT #3001, suggesting a possible connection to his birthday, March 01. The high price paid has sparked considerable interest, with many wondering if Bieber will name the NFT "Peaches," after his hit song that is up for multiple Grammy awards. The song "Peaches" is featured in the article with its lyrics, emphasizing its significance to Bieber. The piece also provides an overview of the BAYC NFT collection, noting its exclusivity and the recent collaboration with Adidas. The author reflects on the potential of NFTs in real life, sharing personal experience with selling NFT art, and concludes by encouraging readers to consider the broader societal implications of NFTs beyond the initial perception of them as mere digital images.

Opinions

The author suggests that Justin Bieber's purchase of BAYC #3001 might be related to his birthday, indicating a personal connection to the NFT.
There is an opinion that the record-breaking amount paid by Bieber for the NFT could be a strategic move, possibly linked to his song "Peaches."
The article conveys that the Bored Ape Yacht Club is not just an NFT collection but also an exclusive social club, enhancing its value and appeal.
The author expresses a change of heart regarding NFTs, from initial skepticism to recognizing their potential impact on various aspects of society, including the art scene.
A personal anecdote about selling an NFT for $5.24 is shared to illustrate the transformative effect of the NFT market on artists' lives and self-belief.
The author advises readers to look beyond the surface and see the broader possibilities of NFTs, emphasizing that they are not just expensive JPEGs.
The article concludes with a disclaimer that the content is not financial advice, urging individuals to conduct their own research before investing in NFTs.

BAYC — Justin Bieber Gets an Ape and Will He Call It Peaches?

Bieber bought BAYC #3001 for $1.3 million.

Justin Bieber owns a BAYC

Justin joins other celebrities who own a BAYC. Recently Gwyneth Paltrow bought one.

The list includes:

Logan Paul

Eminem

Steve Aoki

Steph Curry

The Chainsmokers

Shaquille O’Neal

Paris Hilton

Jimmy Fallon

Why did Justin Bieber buy BAYC #3001?

Some speculate that because his birthday is March 01, we would never know until he comes out with a statement.

What is causing the buzz is that he paid a record-breaking $1.3 million, more than the floor price of 100 ETH or about $250,000.

The name game begins. I hope he does name it PEACHES. I love this song, which he released in 2021 and is vying for a record five Grammy awards this year.

Lyrics — Peaches Justin Bieber

I got my peaches out in Georgia (oh, yeah, shit) I get my weed from California (that’s that shit) I took my chick up to the North, yeah (badass bitch) I get my light right from the source, yeah (yeah, that’s it)

And I see you (oh), the way I breathe you in (in), it’s the texture of your skin I wanna wrap my arms around you, baby, never let you go, oh And I say, oh, there’s nothing like your touch It’s the way you lift me up, yeah And I’ll be right here with you ’til the end

I got my peaches out in Georgia (oh, yeah, shit) I get my weed from California (that’s that shit) I took my chick up to the North, yeah (badass bitch) I get my light right from the source, yeah (yeah, that’s it)

You ain’t sure yet, but I’m for ya All I could want, all I can wish for Nights alone that we miss more And days we save as souvenirs There’s no time, I wanna make more time And give you my whole life

I left my girl, I’m in Mallorca Hate to leave her, call it torture Remember when I couldn’t hold her Left her baggage for Rimowa

I got my peaches out in Georgia (oh, yeah, shit) I get my weed from California (that’s that shit) I took my chick up to the North, yeah (badass bitch) I get my light right from the source, yeah (yeah, that’s it)

I get the feeling, so I’m sure (sure) Hand in my hand because I’m yours I can’t, I can’t pretend, I can’t ignore you’re right for me Don’t think you wanna know just where I’ve been, oh

Done being distracted The one I need is right in my arms (oh) Your kisses taste the sweetest with mine And I’ll be right here with you ’til end of time

I got my peaches out in Georgia (oh, yeah, shit) I get my weed from California (that’s that shit) I took my chick up to the North, yeah (badass bitch) I get my light right from the source, yeah (yeah, that’s it)

I got my peaches out in Georgia (oh, yeah, shit) I get my weed from California (that’s that shit) I took my chick up to the North, yeah (badass bitch) (I get my light right from the source, yeah, yeah)

I got my peaches out in Georgia (oh, yeah, shit) I get my weed from California (that’s that shit) I took my chick up to the North, yeah (badass bitch) I get my light right from the source, yeah (yeah, that’s it)

Source: Musixmatch

"Peaches" is a song by Canadian singer Justin Bieber, featuring vocals from fellow Canadian singer-songwriter Daniel Caesar and American singer-songwriter Giveon.

BAYC NFT

If this is the first time you hear about BAYC or Bored Ape Yacht Club, it is one of the most successful NFT collections, with only 10,000 Bored Apes, those who were on early with the drop, paid about $200, and now each one can easily fetch at least $250,000.

As long as more real-life celebrities join the bandwagon, the future of BAYC is bright.

What makes it different is that it is also an exclusive social club. Only BAYC owners can take part in their private Discord server.

A few months ago, Adidas did a BAYC collaboration, which was also well-received.

If you still think that NFT is nothing but hyped or expensive JPEG, then you might want to have a different opinion about it.

Even I was initially reluctant to dive in. However, now I see a lot of IRL (in real life) scenarios that NFT can play a part in creating not only in the art scene but also in many areas of our lives and society.

I would also like to share how humbling it is to sell my very first NFT art on Opensea. While it was only sold for $5.24, whoever that person is, made me believe in myself as an NFT artist.

To read all about it, I shared my experience here:

I Sold My First NFT, and You Can Too

Am I rich? Find out how much did I earn from OpenSea

medium.com

Lastly,

While you may think it is silly for people to be buying JPEGs or NFTs, it is best to see the possibilities that NFT can do in our society.

NFT can help many artists, visual artists, as NFT isn't limited to images but can be a lot more.

I’m still learning, and this story is just the beginning. It also marks the beginning of my new publication — NFTdrop.

Disclaimer: None of what you read is financial advice. It is best to do due diligence before investing your money in NFT. Thank you.