The real story behind Logan Paul’s $623K NFT fiasco

Logan Paul is known as the “bad guy” in the NFT space, as the 27-year-old influencer was a part of several rug pulls and advertised crypto scams. Besides deceiving his fans, he also made some failed investments, including K4M-1 #03 NFT from the 0N1 Force collection, which cost him $623,000 but is currently priced at less than $2,000.

Sources claim that Logan Paul’s NFT is Azuki Bumblebee NFT priced at $10, but the information is incorrect. Logan Paul’s OpenSea account shows that the ‘famous’ collectible is an 01N Force NFT. While he owns around 4,500 NFTs, he has no Azukis.

According to some sources, Paul made several NFT purchases in 2021 and spent $2.645 million in total. K4M-1 NFT, which he refers to as “Bumblebee,” is his most expensive purchase so far. He bought the NFT for 188 ETH in August 2021.

He recouped a portion of his investment through the sale of his polaroid “#3 BUMBL3BEE” NFT, which is a recreation of the unsuccessful NFT. The NFT, which he sold for 16.69 ETH ($21,208), is a part of the 99 Originals DAO project that Paul launched in April. 

Paul wrote on Twitter that it cost $20,000 to make the helmet, which resembled the NFT PFP. The headwear was created by the same designer who created DJ Marshmello’s helmet.