Logan Paul’s $5M Pokemon card will be sold as an NFT
Famous YouTuber, Wrestler, and multi-millionaire, Logan Paul just announced he will turn the world’s most expensive Pokemon card into an NFT through “tokenization” to be listed on July 9 at 3 p.m. EST on his co-founded platform called Liquid Marketplace.
Logan also announced he will have 49% ownership rights for NFT, meaning it will be partially owned between two parties and stored in the TBD community vault.
The YouTube millionaire recently bought the 1998 holographic Pikachu 'Illustrator' card worth around $5M. Now, he is turning it into a non-fungible token which will be available for mint in the marketplace soon.
Before NFTs, trading cards were the most expensive collectibles to own for anyone. People spend hundreds of dollars to buy that one rare Pokemon card that would complete their collection.
During this fiasco, someone reserved a 1998 holographic Pikachu 'Illustrator' card in their inventory for almost 24 years. The PSA grading company had estimated its cost to be quite low, but Logan Paul bought it for $5,275,000. He even received a Guinness record for “most expensive Pokémon trading card sold at a private sale.”
He showed off his Pokemon card for the first at a WWE show by wearing it around his neck with a chain necklace.
Now, the YouTuber is ready to sell it but not physically. In a recent video, Logan Paul announced he will tokenize the Pokemon card, which will be stored in the blockchain for all eternity and owned partially.