Logan Paul’s NFT collection has dropped to a fraction of its original price. According to a report from Yahoo Finance, the collection is now worth less than $900k, a loss of almost $1.8 million. Logan’s biggest NFTs have retained some value, but many of his smaller NFTs are worth less than $10.
In addition to his Pokemon cards, the internet star also had an extremely rare copy of the Pikachu illustrator card that sold for nearly $1 million at auction. The Pikachu Illustrator card has a PSA Grade of ten, which is considered the highest possible grade for a card. The card’s price is so high that it set a Guinness World Record for the most expensive Pokemon TCG card sold privately. In fact, the internet star paid $5 million for his PSA Grade 10 version, a massive amount of money compared to the $900k that he paid for his PSA Grade 9 copy.
According to experts, Paul’s Pikachu Illustrator card is one of the rarest Pokemon TCG cards, with only 39 copies manufactured and a rating of 10/10. While his story may seem plausible, experts have questioned the validity of his purchase. Although rare, the card is also pointless. The video star is also accused of artificially boosting its value by wearing the card around his neck.
Logan Paul’s NFT was worthless
Investing in NFTs can be a great way to make a lot of money, but they can also be a complete waste of money. Last year, Logan Paul bought an NFT that was worth $623,000, but by the end of the year, it was worth nothing. Logan Paul also invested $2.6 million in other NFT ventures, and has since made truckloads of money.
Logan Paul revealed that he purchased an “Azuki” NFT in Dec. 2021. This NFT collection contains over 10,000 hand-painted avatars, which makes it distinct from other Crypto artworks. However, the market for NFTs will continue to drop after the peak year of 2021. The leading NFT marketplace, OpenSea, has already reported a 99% drop in trading volume between 2021 and 2022. The Bumblebee NFT is now worth almost nothing compared to its value last year.
The NFT has been causing quite a stir on social media, and some people are wondering if it’s worth buying or selling. The influencer has also been spreading information about the sale on Twitter. It seems he’s trying to make a buck from selling digital collectibles.
However, it’s still worth noting that Paul bought his NFTs online and flew to Chicago to check them out. However, once he got to Chicago, he discovered that the cards in his box were fakes. He also noted that online collectors had warned him of a box that was worthless.
Logan Paul’s NFT was part of a promotion to win 1st edition Pokemon packs
A controversial boxer and YouTuber named Logan Paul has recently become interested in Pokemon cards. He has recently purchased booster boxes of the 1st edition Base Set for hundreds of thousands of dollars. He also recently unboxed a 25th anniversary base set box. Some of the cards he pulled were worth more than $2 million.
The NFT was part of a promotion to give away 1st edition Pokemon packs. The promotion gave people the chance to win a Charizard – a rare 1st edition Pokemon. The card was slightly off-centre and had some damage on the right side. Appraisers valued the card at nine out of ten, making it worth more than $40,000.
Several cards were sold at auction for hundreds of thousands of dollars. One of these was a first edition Charizard, which Paul purchased for $150,000 from Pawn Stars’ Gary. He also pulled Venusaur and Blastoise, both of which were holofoil cards of their final forms. The cards Paul pulled totaled over $2 million in value, making the NFT an extremely lucrative endeavor for Paul.
It is unclear whether the fake trading cards Paul purchased were fake or not, or if they were bought by the Paul brothers. The truth remains uncertain at this point, but the video’s authenticity was praised by BBCE. The video also showed BBCE authenticators peeling back the plastic wrapping to reveal the fake G.I. Joe cards inside.
The NFT was released in a partnership with Bondly Finance, a crypto-currency exchange that allows people to buy and sell rare Pokemon cards. In addition to releasing a limited edition NFT, the company is also holding an auction where the winner of each set wins a trip to LA to meet Logan Paul and open a 1st edition Pokemon pack.
The NFT is a popular form of digital currency that has made its way into the sports, art, and entertainment worlds. The first NFT was released in collaboration with Bondly, a Polkadot-based decentralized products ecosystem focused on innovative ways to buy and sell digital assets. The Bondly ecosystem features several cutting-edge functions, including a DEX with fiat ramping.
In addition to selling 2d-old Pokemon cards, Logan Paul also announced the purchase of dozens of 1st edition Pokemon booster packs worth $2 million. As part of the promotion, he announced that he would be unboxing these valuable cards in a live stream. Some of the highlights of the unboxing videos were packaged into NFTs, and he soon sold out of the entire set. The cards also included a one-month Maverick club membership, a signed 1st-edition energy card, and a PolkaPets card.
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