Tom Brady lost a lot of money on the failing Bored Ape NFT

by James · August 9, 2022

The fast-growing NFT wave from earlier this year prompted NFL legend Tom Brady to invest in the popular Bored Ape Yacht Club NFT collection. However, amid the recent freefall in the cryptoverse, the Tampa Bay Buccaneers quarterback has lost close to $200,000.

Back in April, Brady made headlines after he bought Bored Ape #3667 for 133 ETH, worth over $430,000 at the time. This specific NFT featured a dark brown furred monkey with six features wearing a World War II pilot’s helmet. He wears a sleeveless logo t-shirt and a bored, unshaven look as he smokes.

Tom Brady has joined the Bored Ape Yacht Club. 🐐 bought Bored Ape #3667 for $133 ETH — which is currently over $430K USD.

While Brady never shared information about his acquisition, he did retweet a post from the NFT community Twitter account, Tripsters. They welcomed the quarterback to BAYC in the post below:

As it stands now, Tom Brady has suffered a loss of almost 68% on his investment. The recent slowdown in everything related to decentralized finance (DeFi) has caused the price of Ethereum to fall to around $1,700. This makes the value of his investment about $235,000. Also, the Bored Ape NFT, which the player owns, reportedly has a bid value of just $136,034.31.

The former New England Patriots star isn’t the only NFL athlete to add a “Bored Ape” to their collection. The likes of Dez Bryant, Mark Ingram, Brandon McManus, Von Miller and others have purchased BAYC NFTs since the April 2021 launch.

Tom Brady’s crypto venture Autograph raised $170 million in January 2022

For Tom Brady, this is not his first foray into the NFT-verse either. In June 2021, the quarterback and his wife, Gisele Bundchen, bought an undisclosed stake in the crypto firm FTX.

Furthermore, his crypto venture Autograph raised $170 million in a Series B funding round led by Silicon Valley investors Andreessen Horowitz and Kleiner Perkins.

He launched Autograph in July 2021 to help athletes and entertainers launch and market their non-fungible tokens. The venture already has NFT agreements with several celebrities such as Tiger Woods, Naomi Osaka and Tony Hawk.

Elsewhere, the seven-time Super Bowl MVP is set to return for his 23rd season in the NFL. The quarterback announced his retirement at the end of the 2021 season. This followed the Buccaneers’ divisional round playoff loss at the hands of the Los Angeles Rams. However, Brady reversed his decision within 40 days, letting fans know he still has some “unfinished business” in the league.

In the last two months I have realized that my place is still on the pitch and not in the stands. That time will come. But it is not now. I love my teammates and I love my supportive family. They make it all possible. I’ll be back for my 23rd season in Tampa. Unfinished business LFG

After leaving the Patriots as a free agent in 2019, Tom Brady originally signed a two-year deal with Tampa worth $50 million. Since he decided to return for the 2022 season, his deal was restructured to add another year. The player will reportedly earn $15 million this season.

The Buccaneers will be hoping to win it all in the upcoming campaign. With Tom Brady leading an offense that looks dangerous, it could very well happen. Julio Jones and Russell Gage have joined a receiver room that also boasts Mike Evans and Chris Godwin.

We’ll see how they progress when the season starts in a month.