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Logan Paul’s 0N1 Force NFT’s Value Drops From $623K to $10

30/11/2022
05/12/2022
07/12/2022
08/12/2022

MetaVentures Bangkok 2022

Bangkok, Thailand
14/12/2022
27/02/2023

ICBM Expo

Dubai, UAE
03/03/2023
The Crypto Times - Latest and Crisp Crypto News

Many digital belongings have misplaced greater than 70% of their ground values within the final 90 days due to the crypto winter. Even the worth of a selected 0N1 Force NFT owned by in style movie star YouTuber Logan Paul has plummeted to a tiny fraction of $10 of what it as soon as was.

In 2021, Logan Paul spent $623,000 on a uncommon “Bumblebee” 0N1 Force NFT. 7,777 generative side-profile characters with greater than 100 hand-drawn options make up the NFT assortment 0N1 Force. On OpenSea, their ground value is at present merely 0.29 ETH.

Intense debate concerning the NFT paintings’s current worth within the midst of the general bear market has taken place on-line inside the crypto neighborhood. 

The NFT was initially mistaken for an Azuki since 0N1 Force NFTs have an anime-like look. The inaccuracy was identified by different NFT collectors, who added that the Azuki assortment was initially a descendant of 0N1 Force earlier than gaining popularity.

In July, Logan Paul began promoting a replica of the NFT paintings through his 99 Originals NFT assortment reportedly to increase the 0N1 Force NFT’s value and cease it from falling any decrease. He even acknowledged that the Bumblebee NFT is now “worth essentially nothing.”

It’s additionally necessary to be aware that in August 2021, Logan Paul bought Rock #65 and Rock #68 NFTs for $60,000 and $95,000, respectively. Again, these digital collectibles are value virtually nothing proper now; NFT Rock #65 is at present bought on OpenSea for simply $25.

NFTs have had a difficult 12 months for the reason that general crypto winter, and even the blue-chip NFT initiatives weren’t spared. Since January, the buying and selling gross sales quantity of NFTs has decreased by virtually 97% on account of the market collapse.

Compiled by Coinbold

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