Logan Paul’s NFT bought for $623,000 is now price $10

Greatest recognized for his extremely profitable YoutTube profession and high-profile boxing bouts, Logan Paul is not any stranger to NFTs. In December 2021, Logan reported spending a staggering $2.7 million on his NFT assortment, which incorporates tons of of digital collectibles from a number of the most distinguished NFT initiatives. With the crypto-currency disaster, most NFTs have seen their worth drop by 90% or extra, leaving most traders within the purple.

Nonetheless, one specific NFT bought by Logan Paul needs to be within the working to be one of many worst NFT investments made so far. Acquired by Logan for $623,000 in August 2021, the Bumblebee picture from the NFT 0N1 Power assortment has misplaced over 99.99% of its worth since then.

We’ll discover the background behind the ill-fated NFT that Logan Paul bought and look at how his different NFT investments have fared this crypto winter.

How Logan Paul’s NFT bought for $623,000 turned primarily nugatory.

On August 23, 2021, Logan spent 188 ETH, or $623,000 at historic market worth, for a K4M-1 #03 digital picture from the NFT 0N1 FORCE assortment, higher often known as “Bumblebee“. Bumblebee is one among 7,777 distinctive digital artwork creations which were pledged to ship future partnerships with utility, beauty and way of life manufacturers from the Metaverse.

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