We are now facing another chapter in Logan Paul’s long history with crazy-value Pokémon cards, this time with the announcement of the transformation of the very rare Pokémon Illustrator card into NFT, via a new platform created by the youtuber turned professional wrestler himself.
To summarize the matter: for a while now, Logan Paul has been investing part of his immense monetary fortunes in Pokémon cards, in certain cases buying fake cards for absurd amounts of money (but with a great advertising return), while in others buying real cards for even more absurd amounts of money.
We are talking in this case about a Pikachu Illustrator that the character in question purchased to the tune of $5,275,000, effectively being the only such card considered to be in “mint condition” in existence in the world.
Having happily entered the Guinness Book of World Records for the private purchase of the most expensive Pokémon card in history, Logan Paul also proudly showed it off during a WrestleMania match as a sobering pendant attached to a gold chain. We are now facing a further step in this evolutionary journey, with the transposition of the card to NFT.
https://twitter.com/WWE/status/1510421388825436166
Logan Paul has started the site Liquid Marketplace, which focuses precisely on NFT and blockchain purchases, from where you can buy virtual rights to the card in question. The card can be purchased virtually through various tokens of $0.10 each, in order to create a kind of cooperative ownership of the object, for which there are expected to be 50 million tokens in total.
According to reports, Logan Paul will still keep a minority percentage of ownership on the card, approximately 49 percent, while granting the rest in NFT to users, who will then be able to boast of co-possessing the card together with the character in question.
Moreover, the latter will also ask permission from other users to keep wearing the card during wrestling matches. Whether all this is actually legal is unclear, but we will wait to see further developments in this issue.
Dive into the Mystery: Curious about how Pikachu and Tim Goodman’s adventures continue in the latest installment? Discover the unique blend of Pokémon and detective work in our comprehensive Detective Pikachu Returns review.
Discussion about this post