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Gwyneth Paltrow Joins the BAYC

NFTs continue to be popular among celebrities with the latest name to join being Gwyneth Paltrow who has purchased a BAYC NFT and showcased it on her Twitter account.

Celebrities are drawn to things that are hyped and rare, so an NFT from the BAYC fits exactly in that category. This, in turn, makes NFTs more attractive, since celebrities are after them which increases the price.

NFTs have started to be seen as a symbol of status. Let’s not forget the Beeple NFT that was sold at Christie’s for $69 million which made the artist one of the most valuable living ones.

Gwyneth Paltrow

BTC/USD trades at $36k. Source: TradingView
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