| Justin Bieber's Bored Ape NFT Plummets in Value The market for non-fungible tokens (NFTs) has skyrocketed in recent years, leading to huge profits for many creators. However, Justin Bieber's Bored Ape NFT may have been a victim of its own success. In 2022, Bieber's Bored Ape NFT was valued at over $1.3 million. At the time, the NFT was lauded as a major success in the world of digital art. The unique piece of art shocked the industry and led many to believe that the sky was the limit for the NFT market. Unfortunately, the story of Bieber's Bored Ape NFT didn't have a fairytale ending. The NFT has since plummeted in value, dropping to around $60,000. This significant decrease in value isn't unique to Bieber's NFT, as many collectors in the NFT space have been devastated by the market crash. Due to its initial success, Bieber's Bored Ape NFT has been seen as a bellwether for the entire market. Unfortunately, this means the market crash has had a devastating impact on one of Bieber's most impressive feats, regardless of his Justin Bieber height. Whether or not Bieber's NFT will be able to recover its former value remains to be seen, but the sudden decrease in price may serve as a wake-up call for NFT collectors. |