Logan Paul Turns Most Expensive Pokémon Card In The World Into An NFT

Photo: Logan Paul

In a brand new video, YouTuber {and professional} wrestler Logan Paul shared how he bought an exceedingly uncommon Pikachu Illustrator Pokémon card from 1998, which PSA grading firm rated a minty ten and for which Paul paid a whopping $5,275,000. The video additionally reveals the harrowing fact: He’s turning the dear Pikachu into an NFT.

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Since no less than 2020, Logan Paul has loved spending his multi-million greenback fart joke fortune on costly Pokémon playing cards, which he then mines for content material to amass an excellent larger fart fortune. Paul launched his newest flashy acquisition, the $5.2 million holographic Pikachu, to the general public by carrying it on a heavy golden chain round his neck forward of his April WrestleMania struggle. He seemed like a banana, or to be extra particular, a banana with a Pikachu necklace.

I believe that’s the identify of a Vermeer portray. Anyway, within the video, Paul mentioned that it took him months to amass the cardboard, which the PSA web site says is the one identified mint situation Pikachu Illustrator card.

Prior to his WrestleMania stunt, Paul says there was no publicly obtainable info on the mint card, and none of his fart collector pals had ever seen it in particular person. In February 2021, although, he bought an Instagram DM from the proprietor’s consultant saying he wished to promote.

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The vendor ended up declining Paul’s preliminary $4 million supply, however 4 months later, Paul reached out to a mutual pal and tried making one other, extra delectable one. They settled on $4 million and a PSA-graded 9 Pikachu Illustrator card, which Paul was simply capable of finding from a fart collector in his community and purchase for $1.25 million.

He forked over the cardboard and the money to the mint situation Pikachu’s nameless authentic proprietor, broke the Guinness file for “most expensive Pokémon trading card sold at a private sale,” and lived fortunately ever after. The card itself, then again, will stay shivering and crying in blockchain captivity—on July 9 at 3 p.m. EST, it’s going to get listed as an NFT on the “platform” he “co-founded,” Liquid Marketplace.

The platform presently has barely any on-line presence, historical past, or info, however shares a mission to “offer collectors the opportunity to co-own physical and digital assets through the power of tokenization” on its about web page. I hope that’s convincing sufficient so that you can take out a $5 million mortgage so you should purchase 50 million tokens at $0.10 a pop, which is the value Paul is itemizing the NFT at on the web site.

Paul will probably be claiming a minority, 49% possession of the cardboard, which means it is going to be saved in a TBD neighborhood vault, however he can put on it to extra WrestleManias if the bulk token holders enable him to. Hey, don’t roll your eyes like that. Paul deserves to extort harmless Pokémon followers within the identify of functionally meaningless collective possession. He’s the most important Pikachu fan on the earth.

I’ve proof. Before being handed the mint card in his video, somebody off-camera remarked to Paul, “Hm. You love Pikachu.”

“Yeah, he’s the best, bro,” Paul responded. There you might have it. The best thoughts of our technology, bro.