Logan Paul, a popular internet star and controversial figure, reveals how much money he made selling his first NFT. Many people would only dream of having this number after a successful sale overnight.
The bitcoin market is becoming increasingly profitable these days. Aside from the high value of crypto coins, digital assets already command exorbitant prices. Mostly to the benefit of the seller who creates them digitally. Logan Paul, a notable figure whose rise to prominence is attributed to having a strong internet presence, is such a donor.
So, what does this former YouTuber-turned-boxer have to sell, and how much money does he make from it?
After selling his initial digital artwork straight from the horse’s mouth, Logan Paul posted what he received. It involves the “World of Women” NFT, which sold for a whopping 200 ETH, according to his January 5 tweet. That is 200 Ethereum crypto tokens, the corresponding cash value of which is currently estimated to be roughly $765 thousand. However, Paul reveals revenue of at least $535 thousand, despite the fact that the total profits are not the net income.
https://twitter.com/LoganPaul/status/1478788951317966848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1478788951317966848%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fmicky.com.au%2Flogan-paul-made-massive-profit-from-his-first-nft-sale%2F
That is a lot of money for a single piece of art that a computer can create with zeroes and ones. On the other hand, Logan Paul is no new to the realm of NFT in general. He is an enthusiastic spender in it, claiming to have spent roughly $2.6 million on NFT in December 2021. That is not a tiny sum.
However, this does not necessarily equate to his more recent Pokemon Trading Card Game boxes, which cost him $3.5 million. Regardless of whether the purchased things are genuine or counterfeit, as some critics assert.
But what does being an NFT vendor imply for someone as well-known as Logan Paul?
Logan’s celebrity will undoubtedly play a significant factor in his NFT endeavor. Some people, it appears, find value in what others in vogue do, which includes something digital and creative like NFT. And for something that can be done quickly and cheaply, this is something Logan could continue and grow on with little effort. We can only speculate on what the result would be.
