YouTube boxer Logan Paul has been getting fans excited about his third boxing match early with his new NFT collection. Logan Paul will reward a fan who paid close to $50k for his recent NFT. The fan will receive 1% of the proceeds from his next bout.
The YouTube sensation has attempted to win a boxing match three times. However, he has yet to get his first victory. After his brother Jake Paul boxes in Madison Square Garden in August, he plans on making a comeback.
For the last three weeks, Paul has been auctioning off Polaroids from his ’99 Originals’ collection to fans on the internet. Remarkable bonuses are available with select purchases.
His latest polaroid, which sold for 40.25ETH (about $43,500), comes with a reward. The investor will receive a portion from Logan’s next fight purse.
The social media sensation has so far made over £500,000 from his NFT sales. The sales are done via Ethereum, despite a bad market in the cryptocurrency field. Logan Paul will offer 1% of the proceeds from his next fight to holders of his Originals DAO (Decentralized Autonomous Organization).
“Big perks today,” Paul teased his Instagram followers ahead of the auction.
“The buyer of today’s original will get one per cent of my next fight and so will the Originals DAO. I’m continuing to try to pump as much value as I can into this entity. The market’s s*** right now but we are not, we are thriving, the community’s growing, it’s all good.”
His polaroid photo, titled ‘who am i’ is number 19 in his collection. The polaroids were shot over the course of 99 days last summer. The pictures contain a lot of major events in the social media star’s life.
Paul took this particular polaroid while on an aircraft out of Geneva, wearing a mask.
The item read: “9:30am. Full of peace as we drive to the Geneva airport. Looking out the window at the dreary Swiss landscape. The fog, cloud, rain, and snow haven’t left since I jumped off the mountain. I’ve almost completed this body of work… a lifetime of memories in 99 days.”
“#19 who am i
SOLD 40.25 Eth ($44.5k USD)
– Holder receives 1% of net revenue of Logan Paul’s next fight.
– 1% of net revenue of Logan Paul’s next fight sent to Originals DAO Treasury.
– Holder receives NFT & physical 1/1 Polaroid
– 1/99 Membership & Voting Right in Originals DAO
“9:30a. Full of peace as we drive to the Geneva airport. Looking out the window at the dreary Swiss landscape. The fog, cloud, rain and snow haven’t left since I jumped off the mountain. I’ve almost completed this body of work… a lifetime of memories in 99 days.” (to be continued)”
The winners of these auctions are kept anonymous. However, they receive both the actual polaroid photographs and the digital NFT.