Logan Paul recently made $5,081,490 in 1 day after releasing his first ‘Logan Paul NFT’ which is insane!
Three years ago, the entire NFT market was worth no more than $42 million. By the end of 2020, it had grown 705% to $338 million in value. There were only 3,000 NFTs created and they were released on Feb. 19th, with each selling for 1 ETH.
During their first day on the market, 1,772 NFTs were purchased — with ETH being valued at roughly $2,000 at the time — for a total of roughly $3.5 million in sales. Logan sold $1 million worth of NFTs 30 minutes after dropping them and a day later sales climbed to $5 million, with a total of 2,586 NFTs sold!
So, what are NFTs?
NFTs stand for non-fungible tokens that are on the blockchain. Unlike cryptocurrencies like Bitcoin, no two NFTs are the same — meaning they cannot be directly exchanged with one another, nor can they be divided up into smaller portions.
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00:00 – Intro
00:32 – Who is Logan Paul?
1:00 – What are NFTs?
02:41 – Example of NFTs
04:31 – The NFTs that made him millions
06:18 – Where to buy & sell NFTs
07:27 – How Logan marketed his NFT
08:14 – Future NFTs I would buy
08:41 – Are NFTs in a bubble?
09:20 – My favorite NFT artists
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#Crypto #NFTs #Money