Popular internet personality Logan Paul’s prized Azuki NFT has now become practically worthless. The value of Paul’s Azuki ‘Bumblebee’ non-fungible token (NFT) has drastically decreased since he initially acquired it in 2021.
Azuki is part of an NFT collection from Chiru Labs featuring 10,000 unique hand-drawn profile pictures.
Recently, Paul disclosed that the NFT he bought in August 2021 for over $600,000 is now valued at only around $10.
This NFT has sparked intense debate in the online crypto community regarding its current valuation in the midst of a bear market.
In July, Paul confirmed that the worth of his NFT had plummeted to nearly zero. At that time, he started offering a replica of the NFT to boost its price and prevent it from sinking further.
For more details, check out the article from Business2community:
“Logan Paul also bought Rock #65 and Rock #68 NFTs at $60,000 and $95,000, respectively, in August 2021. These digital collectibles are now almost worthless, with NFT Rock #65 currently listed for just $25 on OpenSea.
At present, the value of Paul’s various collections on OpenSea, including NFTs such as CryptoPunks (PUNKs), World of Women (WoW), and Azuki (AZUKI), has significantly decreased in their minimum prices.”
In December 2021, Paul disclosed that he had splurged $2.645 million on NFTs in 2021, with the Azuki NFT being the priciest one. He currently owns 4500 NFTs.
Despite facing setbacks in his various business endeavors, he remains financially stable with a net worth of $45 million.
