Steve Aoki went shopping despite bearish market trends

The DJ and musician purchased 2 Azuki NFTs and numerous NFT Tripsters last week. Steve Aoki is one of the most active collectors of celebrity NFTs, and it seems that the downtrends that the market is witnessing are not stopping him. In the last seven days, the DJ acquired two Azuki NFTs for a total…


The DJ and musician purchased 2 Azuki NFTs and numerous NFT Tripsters last week.

Steve Aoki is one of the most active collectors of celebrity NFTs, and it seems that the downtrends that the market is witnessing are not stopping him. In the last seven days, the DJ acquired two Azuki NFTs for a total of around 40 ETH.

Summary:

Azuki and Tripsters on Steve Aoki’s Radar

Steve Aoki has been a collector of NFTs for just over a year, judging by his profile on OpenSea. In that time, he was active in various NFT communities and became a well-known entity in the crypto space.

Over the past seven days, the DJ has been on a buying spree, despite the overall negative sentiment the crypto market is experiencing. While ETH prices are going down, Steve Aoki bought a total of 45 Aokiverse Credits, 2 Azuki NFTs, 18 Tripsters NFTs, and 8 Something Tokens.

These 73 new additions to his wallet cost the DJ a total of around 66.8 ETH, which is currently valued at $160,288. That’s a substantial amount of money to spend in the span of just seven days, especially when the market is experiencing volatility.

The most expensive purchases during this shopping spree were the two Azuki NFTs. Azuki #8245 cost the DJ 23.9 ETH, while Azuki #7645 cost him 16.9 ETH. It’s important to note that these purchases were made before the recent shocking news about Azuki’s founder leaked. Steve Aoki also spent around 4.6 ETH on Tripsters NFTs and around 3.2 ETH on Something Token NFTs. Surprisingly, the music producer did not shy away from investing in his own company, spending over 19 ETH in A0K1VERSE credits.

What are A0K1VERSE credits?

The A0K1VERSE credits are the entry point to Steve Aoki’s web3 experience. According to the official website, these credits will allow holders to obtain passport NFTs, providing them with a wide range of benefits and utilities.

The A0K1VERSE is still under development, however credit NFTs dropped in February of this year. Importantly, in order to level up their passports and get even more benefits, holders will need to purchase more credits. The top-tier passport requires 1024 credits to upgrade, which translates to around 91 ETH at the minimum price. That’s $216,986, or a floor-priced Bored Ape. While the Prizm Tier Passport can be expensive, it grants the holder the right to record a song with Steve Aoki to be distributed through the DJ’s streaming music profiles.

While there have been no official updates for the Aokiverse project for a while, Steve Aoki’s shopping spree could be interpreted as a sign from the founder. He currently owns a total of 26 A0K1VERSE credits. If you want to know more about Aokiverse and the different levels of passports, check out the official website.

Steve Aoki stores value in BAYC NFT

While the crypto and NFT markets have seen better days, Steve Aoki seems unfazed by the bearish conditions we are experiencing. A quick review of his portfolio with the handy NFT Financial View offers a possible explanation.

Steve Aoki spent over 66 ETH in a single week, purchasing NFTs from numerous collections against the backdrop of falling prices and general anxiety in the space. One of the reasons behind this could be the fact that his holdings in BAYC and MAYC are major moneymakers for the DJ. This gives you a level of investment security that allows you to shop regardless of current market conditions.

At the time of writing, Steve Aoki has 8 Bored Ape Yacht Club NFTs and 11 Mutant Ape Yacht Club NFTs. The total purchase price he paid for these is 283.65 ETH, or $907,154 at the time of purchases. Currently, these NFTs have a total value of 659.41 ETH at the minimum price value. This translates to more than $1.5 million, or about $600,000 in profit if he sells everything now.

With a solid profit opportunity in his portfolio, Aoki certainly looks confident enough despite the downtrends. Another important thing to note is that a bear market is a perfect opportunity to buy ETH cheaply and acquire NFTs at a discount if holders have not updated their selling prices accordingly.

DappRadar will continue to monitor Steve Aoki’s NFT journey as he cements his position as one of the most active celebrity collectors out there. If you want to delve into your portfolio, you can check it out here thanks to the DappRadar Portfolio Tracker. Also, you can follow DappRadar on Twitter to get the latest from the NFT space.


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