Neymar Jr Along With Barcelona Star Bought a Rare NFT, Which Is Now Facing a $4 Billion Suit Surrounding Serena Williams & Stephen Curry

It’s no secret that some of the world’s most famous athletes are ardent supporters of the burgeoning NFT space. Brazilian soccer superstar and PSG forward, Neymar Jr is no exception and is among the buyers of the Bored Ape Yacht Club NFT.

In January 2022, Neymar Jr updated his Twitter profile picture to show his newly purchased Bored Ape NFT. According to reports, he paid 159.99 ETH for the NFL. It was worth $481.6K at that time, which is huge money.

Around the same time, Barcelona forward Memphis Depay also revealed his custom diamond grill teeth, which were dedicated to his Bored Ape Yacht Club NFT. Depay’s NFT is number 7921, which ranks as the 1,154th rarest in the NFT collection.

Recently, a $4 billion lawsuit has been filed against Yuga Labs, the blockchain start-up behind Bored Ape Yacht Club. They have been accused of using musicians, athletes, and celebrities to misleadingly promote and sell Yuga financial products.

Big names involved in the lawsuit

The investor filed the lawsuits on Friday in California District Court. it involves many popular figures like Serena Williams, Stephen Curry, Kevin Hart, and Snoop Dogg. As more and more celebrities started to endorse NFTs, people became more interested in investing in them. This promotion helped generate billions of dollars in sales and re-sales through manufactured celebrity endorsements and misleading promotions.

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The complaint states that the celebrity endorsement artificially increased the interest and value of the BAYC NFTs. These endorsements caused the prices of NFTs to skyrocket, and many people lost a lot of money when they invested in them. The lawsuit alleges that the celebrities knew that the investments were risky but promoted them, anyway.

Neymar Jr love for NFTs

Ape 6633 is the most valuable NFT that Neymar possesses. Neymar also owns another ape called Ape 5269, which he paid 189.69 ETH for. In addition to the expensive apes, Neymar owns other NFTs, such as one from the ACESnikers fashion collection. Other collections include the Flipped BAYC, flipped CryptoPunks, and flipped Doodles.

Recently, he has also dropped his own line of NFTs. He collaborated with NFTSTAR to release Neymar Jr-themed NFTs for the diehard fans of the soccer superstar.

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What are your thoughts on the billion-dollar lawsuit on the Bored Ape NFT? Let us know in the comment section below.