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In a sentence that would likely make a Victorian child spontaneously combust, the recently signed professional wrestler Logan Paul has once again drawn the ire of gamers and collectors, this time for selling what's billed as the world's rarest Pokémon card as an NFT.
In his recent YouTube video, Paul talks about purchasing the extremely rare "Pikachu Illustrator" card from 1998, which adorned his neck at his surprisingly impressive Wrestlemania performance, for a whopping $5.2 million.
He also revealed that now the world will have a chance to "own" the card as an NFT. On Paul's Liquid Marketplace platform, users can buy an NFT of the card, which is currently trading at $0.03 a share. Paul will retain 49 percent ownership of the actual card and store it somewhere, meaning he could continue to use the card for promotional events if the majority of "shareholders" allow him to.
For many, this seemed like a rather transparent moneymaking scheme on Paul's part, as purchasing any "rights" to the card essentially amounts to having some vote on how Paul uses it in the future. However, if you purchase $50,000 worth of shares in Paul's collection, he'll apparently shout you out on Twitter and Instagram, according to a tweet from PSA Card.
Logan Paul selling "the world's most expensive pokemon card"…as an NFT
You don't even get full ownership. You get partial ownership, with him retaining 49%. It sits in a vault and he can still wear it to events. You literally own nothing.
…I fucking hate it here. pic.twitter.com/SmQvECeyEM— Kung Fu Man (@KungFuMan316) July 9, 2022
I get essentially an NFT AND a shoutout on Logan Paul’s Twitter and Instagram for $50,000? What a steal! https://t.co/nvrULrn614
— TheLadThatKnowsStuff (@LadKnows) July 10, 2022
Haha bros doubling the price almost trying to get people to raise 5m to “buy” it off him and he still owns 49% of it absolutely stellar business play if they fall for it
— Michael820 (@MichaelT1820) July 10, 2022
We'll have to wait until August to see if the new "owners" of Paul's Pokémon card will let him wear it at Summerslam.
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