Kubera: Logan Paul Made $5M From Non-Fungible Tokens! (NFTs) - Here's my honest opinions video for Kubera.tv
I Invested $500 Into DeFi - https://youtu.be/Gdx4fi1-Bfk
Let's discuss today about NFTs! What are they? And how'd Logan Paul make $1M from them in HALF AN HOUR... $5M+ over the weekend in Ethereum.
#LoganPaul #NFTs #NFT
Crypto Links:
https://decrypt.co/51552/dj-deadmau5-launches-100000-worth-of-nft-collectibles
https://www.tubefilter.com/2021/02/22/logan-paul-sells-5-million-nfts-pokemon-box-break/
https://cryptoslate.com/logan-paul-nfts-sell-3-5-million-worth-on-first-day-of-release/
https://news.bitcoin.com/all-star-celebrity-line-up-launches-ethernity-a-debut-collection-of-nfts/
https://www.jdsupra.com/legalnews/non-fungible-tokens-and-art-that-lives-5606470/#:~:text=Non%2Dfungible%20tokens%20(or%20NFTs,of%20digital%20assets%20to%20holders.
#nonfungible #nonfungibles #nonfungibletokens
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NFT Mini-article
In what marks something of a fresh venture for digital designer company undertakings, Logan Paul is diving rashly right into the cryptocurrency area with the launch of his extremely own non-fungible tokens, or NFTs.
NFTs are electronic assets that can function as antiques, like trading cards-- which occurs to be an additional nascent interest of Paul's. Unlike cryptocurrencies like Bitcoin, nevertheless, no 2 NFTs are the same-- meaning they can not be directly exchanged with each other, nor can they be separated up into smaller sized religions. Furthermore, the digital coding behind NFTs makes them irrefutably verifiable-- a concern that pesters the standard antiques sector.
While NFTs can be anything-- domain, digital pc gaming things, and also even tweets-- the most prominent NFT category is electronic art, including photos, sound, as well as video clips. Paul's NFTs, pictured above, display an anime character fashioned in his similarity, standing up trading cards and also highlighted with the logo design for his Radical clothes brand.
Paul partnered to create and also distribute the tokens with a company called Bondly-- a peer-to-peer exchange that allows trading throughout any kind of chain, and also with any type of medium. The NFTs are improved the Ethereum (ETH) network.
The collection of 3,000 NFTs dropped on Feb. 19, with each costing 1 ETH. Throughout their initial day on the market, 1,772 NFTs were bought-- with ETH being valued at about $2,000 at the time-- for a total of about $3.5 million in sales. Paul marketed $1 million well worth of NFTs 30 minutes after dropping them, noted investor and also entrepreneur Tiffany Zhong. As well as the other day, sales reached $5 million, with an overall of 2,586 NFTs sold, and 414 left to acquire prior to Bondly shed the continuing to be supply, which will never be offered once again.
Need was also driven by a competition whereby three buyers will certainly receive a first version pack of Pokémon cards valued at $40,000, also a totally free journey to Los Angeles to participate in a Pokémon card unboxing stream on Feb. 27. (After entering into the Pokémon card trading globe last October, Paul held a public auction previously this month of 36 unopened first-edition packs, which he'll unpack live this Saturday).
Though NFTs are a distinctly unique phenomenon-- probably less so after Paul's splashy venture-- advocates believe that they hold substantial capacity for electronic musicians and also creators, consisting of Peter Yang of the Creator Economic climate blog site. This is because NFTs develop a decentralized marketplace for developers without system intermediaries taking a cut of earnings or possession or controlling exactly how the item is dispersed.
#Tokens #ethereum #kuberatv #cryptonews
Additional Info
- Read full article on: Kubera
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