Logan Paul, the YouTube sensation, has long been a supporter of cryptocurrencies and non-fungible token (NFT) technology, which should come as no surprise. Cryptocurrencies and non-fungible tokens (NFTs) have grown extremely popular, owing to their great profitability.
Logan Paul has disclosed how much money he made from only one NFT sell, with his initial NFT buy proving to be quite profitable.
Logan Paul is jumping deep into the cryptocurrency field with the creation of his own non-fungible tokens, or NFTs, in what is somewhat of a first for digital artist business ventures.
Paul’s NFTs, shown above, feature an anime character modeled like him clutching trading cards and adorned with the Maverick apparel brand’s insignia. Paul collaborated with Bondly, a peer-to-peer exchange that allows trade across any chain and through any medium, to produce and distribute the tokens. The Ethereum (ETH) network is used to create the NFTs.
Despite the fact that NFTs are a relatively new phenomena — perhaps less so following Paul’s splashy debut — supporters, such as Peter Yang of the Creator Economy blog, feel they have enormous promise for digital artists and creators. This is due to the fact that NFTs provide a decentralized marketplace for producers, with no platform intermediaries taking a part of revenues, owning the product, or dictating how it is delivered.
