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    Home»News»Logan Paul’s NFT he purchased for $623k is now worth only $10
    News

    Logan Paul’s NFT he purchased for $623k is now worth only $10

    Abhishek YadavBy Abhishek YadavOctober 11, 2022Updated:October 11, 20223 Mins Read
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    Logan Paul’s NFT he purchased for $623k is now worth only $10

    After posts regarding Logan Paul’s $600,000 misfortune resurfaced on social media, his 0N1 Power NFT was flooded by 10,390%, and the American YouTuber and Virtual Entertainment Character Logan Paul were among the victims. At the end of September 2022, it was projected that Paul’s 0N1 Power K4M-1 #03 NFT would sell for less than $10; nevertheless, at the time of writing this article, the current bid on OpenSea is 0.8 wETH, which is equivalent to $1,052.59. Logan Paul’s NFT tragedy came up again when, on September 27, he shared a story on Snapchat in which he talked about losing $600,000 in gambling.

    After that, the Wall Street Silver Twitter account (@WallStreetSilv) got on the Snapchat story and posted to their followers about this matter while it was still going on. After that, a few crypto media sources continued to follow this pattern, thus reviving Paul’s unfortunate experience with NFTs. After 15 hours, the current bid for Paul’s 0N1 Power K4M-1 #03 NFT is 0.0038 WETH @ $4.98. This price was determined 15 hours after the time of composition. The bids increased from a few hundred dollars to a total of $1,052.59 at the time this article was written. In addition, the current bid is 272% higher than the floor price that 0N1 Power has set.

    Logan Before July 2022, Paul also made an effort, albeit in his own unique way, to change the course of events. Paul stated in a tweet that he had spent a total of 623 thousand dollars on the NFT, and he went on to say that he later realized that the NFT was essentially pointless. After that, he made a joke out of his mistake by including a BUMBL3BEE NFT in his very own selection of 99 Firsts. In addition to this, he made the observation that the protective cap that was envisioned in the new NFT would cost $20,000 and take over two months to produce. It was crafted by the same person that put together the protective caps for DJ Marshmello and American Music Maker.

    The prices of the great majority of NFTs fell during the time when the American YouTuber was tweeting about the matter. Notwithstanding this, 2021 was an exciting year for NFT specialists as well as holders due to the rapid increase in value that occurred during this time. At the moment, Logan is in possession of a 16.69 ETH BUMBL3BEE-enlivened NFT that is approximately valued at $21,000. For those who aren’t up to speed on everything that’s been going on, 99 Firsts is a collection of 99 NFTs that Logan put together using a Polaroid camera over the course of 99 days. Every NFT shares an authentic account of the travels he undertook throughout the course of 99 days.

    The BumbleBee is the third serialized NFT among these, and it depicts his sensible minutes as he was boarding a plane. The current value of 99 Firsts in the DAO, measured in absolute terms, is $1,912,926.38. The Coin Version was the first publication to bring attention to the news that Logan Paul’s NFT Patterns via Virtual Entertainment had caused a value surge of 10,390%.

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