Tom Brady bought a Bored Ape NFT for $430,000 in April. He's lost at least $194,000 on it since then. | The Markets Café
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Thursday, March 30, 2023
No Result
View All Result
Subscribe
  • Login
The Markets Café
en English
zh-CN 简体中文en Englishfr Françaisde Deutschhi हिन्दीit Italianoja 日本語pt Portuguêsru Русскийes Españoltr Türkçe
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
No Result
View All Result
The Markets Café
No Result
View All Result
  • News
  • Politics
  • Markets
  • Crypto
  • Economy
  • Finance
  • Forex
  • Investing
  • Tech
  • Videos
  • Community
Home Finance

Tom Brady bought a Bored Ape NFT for $430,000 in April. He’s lost at least $194,000 on it since then.

by Press Room
August 16, 2022
in Finance
100 3
A A
0
21
SHARES
687
VIEWS
FacebookTwitter
  • NFL quarterback Tom Brady has lost tens of thousands of dollars on his Bored Ape NFT.
  • He paid 133 ether ($430,000) for it in April, which is $235,436 right now. Its best offer is $136,034.
  • Celebrities have famously hyped up NFTs to the masses, who stand to lose more amid the crypto winter.

LoadingSomething is loading.

It appears that NFL quarterback legend Tom Brady has taken a bit of an L on one of his recent investments.

The 45-year-old purchased an NFT from the popular Bored Ape Yacht Club collection in April for 133 ether, which amounted to around $430,000 at the time.

But its value has plummeted in the four months since — 133 ether is now worth $235,436, and the best offer his NFT, #3667, has is 77 ether, or $136,034.31, meaning its worth has dropped by 68%.

It’s a stark dip that has coincided with a broader slump in the world of crypto and all things decentralized finance. Bitcoin’s price has dipped considerably — dragging other coins, like ether, down with it. Trust in the ecosystem has fallen, and users are less likely to invest in such risky assets right now due to rises in inflation and federal interest rates.

Bitcoin was at an all-time high of $68,000 in November and is around $23,000 this month, for example, while ether sat at $4,800 in late 2021 and is now trading at about $1,700.

Though luckily for Brady, he has plenty of cash to spare — the NFL great penned a post-retirement, 10-year, $375 million broadcasting contract with Fox in May. He also launched an NFT company called Autograph in 2021 that will sell digital collectibles from celebrities and sports icons.

Brady is one of many crypto-curious, multimillionaire celebrities that have dived into the Web3 space face first in the past year, endorsing exchanges and NFT projects and likening investing in crypto to exploring outer space.

But the crypto winter that began creeping in last November has wiped out much of the market, which in June fell below the $1 trillion mark for the first time since February 2021.

The NFT market specifically has seen daily sales decline from 225,000 in September 2021 to about 19,000 as of early May, the Wall Street Journal reported.

And as Insider’s Avery Hartmans has reported, it’s the average retail investor — not the deep-pocketed celebrity sponsors — who feel the greatest effect from dwindled or lost holdings.

For example, if you had invested in bitcoin on the same day that actor Matt Damon’s now-famous Crypto.com ad aired on October 28, you would have seen over half of that investment wiped out by now.

Read the full article here

Related Articles

Finance

‘I think it’s the future of our industry:’ vodka in a cardboard bottle

March 30, 2023
Finance

Mortgage rates fall to lowest level in six weeks and Census says people have stopped fleeing cities

March 30, 2023
Finance

Parenting expert shares her No. 1 rule for raising successful kids—78% of Americans aren’t doing it

March 30, 2023
Finance

More home sellers are sitting out of the spring housing market

March 30, 2023
Finance

People have stopped fleeing cities and are starting to stay put, Census data shows

March 30, 2023
Finance

Disney blocks Ron DeSantis’ Florida power play with a royal family clause

March 30, 2023

About Us

The Markets Café

The Markets Cafe is your one stope Finance, Politics and bussines news website, follow us to get the latest news and updates from around the world.

Sections

  • Commodities
  • Crypto Markets
  • Crypto News
  • DeFi
  • Economy
  • Explained
  • Finance
  • Forex
  • Futures
  • Investing
  • Markets
  • News
  • NFT
  • Politics
  • Real Estate
  • Stocks
  • Tech
  • Videos

Site Links

  • Contact
  • Advertise
  • DMCA
  • Submit Article
  • Forum
  • Site info
  • Newsletter

Newsletter

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 The Markets Café - All rights reserved.

No Result
View All Result
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • Videos
  • Community
  • Charts

© 2022 The Markets Café - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.