Another Pop star joins BAYC, Madonna buys Bored Ape NFT for $560K

The “queen of pop” Madonna is the latest artist to acquire a Bored Ape NFT valued at more than half a million dollars.

Another Pop star joins BAYC, Madonna buys Bored Ape NFT for $560K

The 63-year old pop star announced acquiring a Bored Ape NFT #4988 valued at more than $500k in ETH.

The deal was operated by MoonPay, the crypto custodian and payments processor that serves as a “concierge” service for celebrities interested in buying NFTs.

MoonPay Concierge, a new service for high net worth individuals interested in purchasing crypto and high-value NFTs. Snoop Dogg, Gunna, Meek Mill, Lil Baby, Gwyneth Paltrow, Diplo, and Kevin Hart are some of its well-known clients.

The latest data on the NFT marketplace OpenSea revealed that MoonPay acquired 180 ETH (approximately $564k) ten days ago, then transferred to the singer’s wallet on March 23rd.

As many high-profile artists increasingly tapping the NFT and metaverse world, many fans on Madonna’ Instagram post are not happy with some called it a disappointing move, while a few asked the singer to delete the post.

The pop star’s tryst with the cryptocurrency industry dates back to 2018 when she partnered with Brad Garlinghouse-led blockchain company Ripple to raise funds for orphans in Miami.