Popular YouTube personality Logan Paul’s Azuki NFT is completely worthless. Paul’s Azuki ‘Bumblebee’ non-fungible token (NFT) price has dipped sharply since he first bought it in 2021.
Azuki is an NFT collection from Chiru Labs featuring 10,000 hand-drawn profile pictures.
He recently revealed that the NFT he purchased on August 2021, priced at over $600K, now has a value of around $10.
The NFT artwork has attracted heated discussion online within the crypto community over its current value amid the general bear market.
Back in July, Paul confirmed that his NFT artwork had fallen to near-zero. At the time, he began offering a replica of the NFT artwork to pump its NFT price to prevent it from sinking further.
More information, via Business2community:
“It’s also worth noting that Logan Paul acquired Rock #65 and Rock #68 NFTs at $60,000 and $95,000, respectively, in August 2021. Again, these digital collectibles are today worth next to nothing, with NFT Rock #65 now offered for just $25 on OpenSea.
At the time of publishing, the value of other Paul’s collections on OpenSea, which includes NFTs such as CryptoPunks (PUNKs), World of Women (WoW), and Azuki (AZUKI), had dropped significantly in their floor prices.”
In Dec. 2021, Paul revealed that he had spent $2.645 million on NFTs in 2021, with the Azuki NFT the most expensive. According to OpenSea, he currently holds 4500 NFTs.
He’s been taking quite the hit with his different business ventures, but he won’t fall into poverty as he has a current net worth of $45 million.