Neymar, Eminem, Madonna, and Logan Paul Lose Millions

Aoki, in addition to being a collector, has minted his own non-fungible tokens. At the time, he famously said that he earned more money from NFTs than he did from his music.

Aoki also invested around $350,000 in the Doodles collection a few months ago. Currently, the NFTs in his possession are worth less than $50,000, according to DappRadar.

Celebrity NFTs and losses: $623,000 became $10

The most symbolic case involving a celebrity and their losses with NFTs is that of Logan Paul. The famous influencer and YouTuber bought an Azuki NFT for $623,000 earlier this year. This asset is currently priced at just $10.

Paul’s collection on OpenSea, which also includes NFTs from CryptoPunks and World of Women, has dropped significantly since his original purchase.

The sharp devaluation of celebrity NFTs soon went viral on social media, with many using this example to claim that NFTs are a fraud or have no real value. However, this segment may come back to prominence once the current crypto winter thaws.

For Logan Paul however, his climb out of the negative zone has additional barriers. He claims that he also has a loss of half a million dollars on his investments in Bitcoin and altcoins.

Will Neymar, Eminem and the other celebrities just have to wait for the next upswing in the market? Will they see their NFTs will be worth the same amounts that they were at the peak? Let’s keep an eye on the situation.

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