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

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 is the latest celebrity to join 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! What should I name her? Thanks [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. Furthermore, a number of fans gave Madonna advice on what to name the newly acquired BAYC.

“This is cute, I like it,” one individual wrote to Madonna. “Btw, isn’t Evil Eye just a superstition? Noone is evil by nature. I would name her Pinky,” the person added. Another individual on Instagram was a bit more sarcastic and said:

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

It seems Moonpay has been involved in purchasing expensive NFTs for celebrities in recent times. 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. Statistics indicate that Madonna currently holds 17 NFTs from eight different collections.

While Madonna’s wallet only has $30 worth of ethereum, the wallet does hold $21,285 worth of apecoin (APE). In addition to Madonna and Wiz Khalifa, BAYC NFTs are also owned by Eminem, Paris Hilton, Gwyneth Paltrow, Shaq, and Justin Bieber.

At the time of writing, the Bored Ape Yacht Club NFT collection has the most expensive floor price with a current floor value of 103.69 ether. The collection has an estimated market capitalization of around $1 billion and during the last 24 hours, the BAYC collection has seen $7.2 million in volume or 2,311 ether.

What do you think about the Queen of Pop becoming a metaverse material girl with the purchase of Bored Ape #4988 for $564K in ether? Let us know what you think about this subject in the comments section below.