3 min read
Logan Paul and his 0N1 Power NFT experienced growth of 10,390% after Logan Paul’s $600,000 misfortune was posted on social media, and American YouTuber and virtual entertainment character Logan Paul was among the victims. At the end of September 2022, it was estimated that Paul’s 0N1 Power K4M-1 #03 NFT would sell for less than $10; However, 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 resurfaced 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 took to the Snapchat story and posted to its followers about the matter while it was still ongoing. After that, some 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 set 15 hours after the time of creation. Bids have increased from a few hundred dollars to a total of $1,052.59 at the time of writing this article. In addition, the current bid is 272% higher than the minimum price set by 0N1 Power.
Before July 2022, Paul also attempted to change the course of events, in his own unique way. Paul said in a tweet that he spent a total of $623,000 on NFTs, adding that he later realized that NFTs were essentially pointless. After that, he made fun of his mistake by including a BUMBL3BEE NFT in his own selection of 99 Firsts. Furthermore, he observed that the protective cap envisioned in the new NFT would cost $20,000 and would take two months to produce. It was designed by the same man who put together the protective cap for DJ Marshmallow and American Music Maker.
Most of the NFT prices fell when an American YouTuber was tweeting about the matter. Despite this, 2021 was an exciting year for NFT experts as well as holders as there was a rapid increase in value during this time. At the moment, Logan holds 16.69 ETH BUMBL3BEE-Living NFTs, which are valued at approximately $21,000. For those who aren’t up to speed on everything that’s going on, 99First is a collection of 99 NFTs that Logan put together using a Polaroid camera over the course of 99 Days. Each NFT shares an authentic account of the journeys made during the 99 days.
Bumblebee is the third serial Logan Paul NFT of 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. Coin Edition was the first publication to draw attention to the news that Logan Paul’s NFT pattern via Virtual Entertainment had caused an increase of 10,390%.
Logan Paul also tried to flip the situation in his own way earlier in July 2022. Paul tweeted that he had spent $623,000 on the NFT and, later on, he found that it was essentially worthless. He then immortalized his mistake by creating the BUMBL3BEE NFT in his personal 99 Originals collection.
Read More: Story of 12-year-old Animator and His $20k Earning Mentor Mom
