american youtuber logan paul complained about a massive drop in the value of its NFT on the internet, but exaggerated a bit when stating that the unpurchasable token was taken in 2021 worth only $10Just over R$50. US$623,000, approximately R$3.2 million in Bumblebee digital art.
Despite Paul’s outcry, the price drop he was talking about was greatly exaggerated. The YouTube star, who has 23.6 million subscribers to his channel, has indeed lost a lot of money. Today Bumblebee is worth 5.51 ETH or US$7,272 is just under R$40,000.
It’s not Logan Paul’s first complaint about the devaluation of the digital asset. He quoted NFT in July. “A year ago, I spent $623,000 on an NFT. Today, it’s practically worthless. I immortalized this mistake by replicating the helmet and suit on 99 Originals,” he said.
99 Original is the digital influencer’s own NFT collection. There are 99 Polaroids from different moments of his life, including a Bumblebee cosplay. According to him, the costume took two months to complete and cost 100,000 BRL.
Logan Paul said in December last year that he has already spent $2.6 million, or $13.6 million, on his NFT collection. DappRadar, a platform that analyzes digital asset markets, says the youtuber’s tokens are worth just under $1 million.
Source: Tec Mundo
