Justin Bieber, who stands out among the celebrities who have invested in NFT, is also a victim. NFT technology, which made a name for itself for a while, was also very popular in 2022. The investments made by many celebrities and the NFT collections they bought are in great collapse.

Nearly 80% of the collections owned by celebrities lost their value. Bieber, with his previous investments, has done a great deal of PR work for NFT collections, either intentionally or unintentionally.

Justin Bieber’s $1.29 Million NFT investment drops to $69k

Justin Bieber is one of the celebrities affected by the great collapse in the NFT market. Famous singer, who was on the agenda with NFT investments before, is on the agenda this time with the collapse of his investments.

The recently crashed FTX had a major impact on this dramatic NFT drop. NFT was at its peak when Justin Bieber entered the NFT market. Many people think that the real reason he got into this business was not the investment. After all, this money shouldn’t be too much for a celebrity like Justin Bieber. The monkey NFT (shown in the cover image) that he bought is said to have dropped close to 95% in value. This is too high. The decrease in other NFTs corresponds to 80%.

The NFT monkey owned by Justin Bieber, with the code 3001 in our minds, is on our minds, even though it has suffered a great fall. The price at which it was purchased at that time was on all news sites and led some people to NFT.

NFT has been considered by some people as a promising technology and investment tool since its first day. Just like crypto money, they thought that it would be appreciated later and invested in order not to miss the train.

But by some people it was seen as a pyramid scheme and seen as a temporary thing. Do you think NFT technology is promising? Will it recover in a short time and regain its former value or has a bubble burst? Please share your thoughts with us in the comments!