The diminishing interest in NFTs and the plunge in trading volumes have severely affected the soccer star – Neymar Jr. – and the renowned rapper – Eminem in terms of their digital art purchases.
At the beginning of the year, the Brazilian athlete purchased two digital collectibles part of the Bored Ape Yacht Club for over $1 million, while their current valuation is around $340,000. Eminem’s paper losses as of the moment are approximately $330,000.
More Celebrities Affected by the NFT Crash
In January 2022, one of the best Brazilian soccer players of the past decade – Neymar – bought Bored Ape 6633 for 159.99 ETH and Bored Ape 5269 for 189.69 ETH. At the time of the purchase, the valuation of the art equaled approximately $1.05 million.
The ongoing crypto winter has not been kind to the NFT sector, though, and Neymar has registered considerable damage on his investments. Currently, Bored Ape 6633 and Bored Ape 5269 are worth $340K combined, meaning he sits on over $700,000 of unrealized loss.
The only rapper who has ever won an Oscar – Marshall Bruce Mathers III (a.k.a. Eminem) – also joined the BAYC craze. In January this year, he purchased Bored Ape 9055 for 123,45 ETH or $462,00 at the time. As of the moment, though, the estimated valuation of his collectible has dropped to approximately $140,000.
Moreover, Eminem even teamed up with another NFT collector – Snoop Dogg – to create a BAYC-themed song, which they performed live earlier this year.
Another celebrity who can’t be happy with his NFT investment is the renowned DJ – Steve Aoki. The American is known among the crypto community as a collector and even a creator of such art.
Several months ago, he purchased an NFT part of the Doodles collection for nearly $350,000. According to DappRadar figures, the item is currently worth just $47,000.
Logan Paul’s Crucial Losses
Speaking of such unsuccessful investments, one should mention the popular YouTuber, actor, and social media personality – Logan Paul.
Earlier this year, he acquired an NFT part of the Azuki collection for $623,000. However, as of the moment, the item is worth only $10.
The crypto community on Twitter was fast to comment on Paul’s financial failure. Many users argued that NFTs are scams and people should be careful when engaging with them, especially at a time when there is too much hype generated.
Still, some individuals opined that the YouTuber might recover some of his losses during the next potential bull market when the valuation of his NFT could head north.
Paul’s unsuccess is not limited only to non-fungible tokens. Recently, he admitted being down around $500,000 on his bitcoin and altcoin investments.