Don Jazzy Joins NFT Craze With N130 Million Investment in Bored Apes
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Mavins Records founder and CEO, Don Jazzy has acquired a Bored Ape NFT that is worth around $318,000 (approximately 131,970,000 in Naira)
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The label head and philanthropist posted a screenshot of the Ape #8752 NFT taken on the OpenSea platform
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NFTs of the Bored Apes collection are among the most valuable in the world and they have also been acquired by celebrities such as Justin Bieber and Neymar Jr.
Mavins boss, Michael Ajereh, popularly known as Don Jazzy is one of the latest owners of Bored Apes NFT. The record label founder recently acquired the Ape #8752 NFT, a token that is worth about $318,000 (N131,970,000 when converted to Naira).
The producer and musician confirmed the purchase of the NFT by sharing a screenshot from OpenSea that shows him as the owner of the non-fungible token.
Although this is one pricey purchase, it is not the first time that Don Jazzy had made an investment in NFTs.
During an interview with DABA founder, Chris Ani last year December, Jazzy disclosed that he bought some NFTs and sold them off within 10 minutes, making $300,000. The mega music producer also revealed that he purchased viral meme token, Wakanda Inu, during the same period.
What are NFTs?
Non-fungible tokens or NFTs are data that are stored on the blockchain. These data are uniquely identifiable and may come in the forms of digital files such as photos, videos, and audio.
NFTs of the Bored Apes collection are among the most valuable in the world and these tokens have been purchased by celebrities such as Justin Bieber, Eminem, and Neymar.
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