11/10/2022 0N1 Force NFT Bought by Logan Paul for $623K In 2021 Drops to $10

Logan Paul

This year has been tough for non-fungible tokens (NFTs), especially since the general crypto winter began sometime in June. The market meltdown has left the trading sales volume of NFTs plunging roughly 97% since January.

NBA legend Shaquille O’Neal signs $11M Astrals NFT settlement
NFTs weekly sales surge 94% as crypto market continues bullish run
NFT Marvel Marketplace Launches On Binance

The market winter has impacted a series of digital assets, with many digital assets now shedding more than 70% of their floor prices in the past 90 days. A certain 0N1 Force NFT owned by celebrity Logan Paul is a perfect example, dropping to a fraction of its former value.

image_2022_10_06T10_11_21_570Z.jpg

Logan Paul’s 0N1 Force NFT is Now Worth $10

Logan Paul, an American YouTube personality, purchased a rare ‘Bumblebee’0N1 Force NFTfor $623,000 back in 2021. 0N1 Force is an NFT collection featuring 7,777 generative side-profile characters with over 100 hand-drawn features. Today their floor price is just 0.29 ETH onOpenSea.

The NFT artwork has attracted heated discussion online within the crypto community over its current value amid the general bear market. Earlier today, Twitter userWatcher.gururemarked that the artwork has since dropped to $10 in value.

Watcher.guruinitially mistook the NFT for an Azuki, as 0N1 Force NFTs have a similar anime style. Some NFT collectors pointed out the error, also stating the Azuki collection was originally a derivative of 0N1 Force before becoming more successful.

‘My NFT is Worth Essentially Nothing’

In a July 13 blog post, Paul confirmed that his NFT artwork had fallen to near-zero.

At the time, he began offering a replica of the NFT artwork to pump its NFT price to prevent it from sinking further.

It’s also worth noting that Logan PaulacquiredRock #65 and Rock #68 NFTs at $60,000 and $95,000, respectively, in August 2021. Again, these digital collectibles are today worth next to nothing, with NFT Rock #65 now offered for just $25 onOpenSea.

At the time of publishing, the value of other Paul’s collections onOpenSea, which includes NFTs such as CryptoPunks (PUNKs), World of Women (WoW), and Azuki (AZUKI), had dropped significantly in their floor prices.

Nonetheless, the NFT market continues ushering in more and more digital collectibles despite the market meltdown. Last week,Tamadogeunleashed its ultra–rare NFT collection, featuring a limited edition set of 100 dog-themed NFTs.

Arts

https://www.business2community.com/nft-news/nft-bought-by-logan-paul-at-623k-in-2021-drops-to-10-02558667

Interesting NFTs
CryptoKitties
Ugh! I'm Kitty #448054. I'm a Ventriloquist by day, and I like tricking babies by night. My secret indulgence is steak. Can't wait to eat ice cream with you!
#52211
By OthersideDeployer
CryptoPunk 9998
One of 3840 Female punks.
The Machine of Real Madrid
Visual Toy honoring the greatness of the most awarded club in the world of football, Real Madrid. Including his top stars of all time including President Bernabeu, a myth in the club's management. This Visual Toy represents the club as a title machine with the Champions League as a great emblem, since it holds the leadership in victories in the maximum European competition. A magical and fantastic mechanism like the history of the club itself. Including the Bernabeu in its last year before the remodeling in 2020, this Visual Toy brings together all the essence and soul of the merengue team. https://javierarres.com
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.