MoonPay paid $25 million to buy BAYC for Celebrities To Promote NFT
Key Points:MoonPay paid an exorbitant price for BAYC and then transferred the NFT to the “celebrity wallet” for free. The celebrity “thanked MoonPay” on social media.
According to on-chain statistics MoonPay’s wallet MoonPayHQ has spent at most $25 million on NFT and 60% (or about $15 million) on BAYC.
Former MoonPay employees claim that celebrities may not have paid for BAYC because there is no proof of a chain. According to on-chain statistics, MoonPay’s wallet MoonPayHQ has spent at most $25 million on NFT and 60% (or about $15 million) on BAYC. Louis Tompros, an attorney, claims Yuga paid celebrities for the promotion of its NFTs. This was not disclosed. Oseary, who is also a MoonPay and Yuga Labs investor, stated that no celebrity was paid to join BAYC. Yuga Labs did however give away Apes. Oseary claimed that he paid full price to purchase his BAYC. Madonna also paid full price. Yuga Labs released the Bored Ape Yacht Club collection of cartoon animals in April 2021. It featured a computer-generated combination a variety of features and accessories. MoonPay claims that 60 celebrities and other influencers invested in the company in April 2022. Justin Hamilton, MoonPay’s spokesperson, said that Hilton became an investor after appearing with Jimmy Fallon on “The Tonight Show.” The FTC requires endorsers to declare any financial interest in supporting a company. Rolling Stone magazine featured Guy Oseary as the “NFT King” on its cover. Guy Oseary was the “NFT King” on the cover of “Variety.” We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: BAYCBAYC NFTmarketNFT