YouTube star Logan Paul just sold $ 3.5 million in crypto-supported digital art in less than 24 hours.
Paul is collaborating with Bondly, a decentralized product in the Polkadot ecosystem, to create his own series of Pokemon-inspired non-fungal tokens (NFT).
NFTs have identifying data in their smart contracts that make each one unique, which means that one NFT cannot be directly replaced by another, and that no two are alike.
On the first day of the sale, Paul sold 1772 of his NFTs to one ETH each, for a total of $ 3,540,456 in revenue.
Paul’s NFT art was sold through the BONDSwap (BSWAP) marketplace, a trading portal that can perform OTC transactions on chat apps or social media platforms, and between blocks.
Non-fungal tokens have gained momentum in recent months, and Logan Paul may not be the last celebrity to come up with his own collectibles.
Cardano creator and Ethereum co-founder Charles Hoskinson said in a recent video stream that he would like to get rock legend and Cardano supporter Gene Simmons from KISS to do an NFT.
“I would like to talk to his people at some point about non-fungal tokens, given that he sells so many collectibles and themed items and brands. It makes a lot of sense to test Mary by using her stuff … ”
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Featured image: Shutterstock / GrandeDuc