Following celebrities such as Justin Beiber, Paris Hilton, and Eminem who have publicly promoted digital apes, Madonna is the latest celebrity to endorse them.
As Madonna wrote in her Instagram post, "I finally entered the metaverse. My very own Ape! What should I name her?"
Bored Ape Yacht Club is a non-fungible token collection built on the Ethereum blockchain featuring profiles of cartoon primates.
The OpenSea transaction shows Madonna completed the purchase using the crypto-payment service Moonpay.
Ape NFTs are now valued at about $1.5 million. Bieber purchased an ape NFT in January for 500 Ether.
According to data tracker DappRadar, Bored Ape has become one of the top NFT collections with $1.4 billion in lifetime sales over the past year.
Madonna's endorsement of the collection comes at a busy time for Yuga Labs, the collection's parent company. Earlier this week, the company announced it raised $450 million from venture capital firm Andreessen Horowitz.
In one of the highest profiles NFT acquisitions to date, Yuga Labs recently acquired the CryptoPunks and Meebits collections from Larva Labs.