Who owns Azuki's 'Bumblebee' NFT?

Leading American YouTuber Logan Paul was all over the news last year after he purchased Azuki’s ‘Bumblebee’ NFT for $623,000. The Azuki NFT collections are seen as a prized possession as it compromises 10,000 hand-drawn avatars that are strikingly different from the other digital artworks.

Is Logan Paul's Azuki 'Bumblebee' NFT worth anything?

Logan Paul’s Azuki ‘Bumblebee’ NFT he bought in 2021 has dipped from $623,000 all the way down to $10. Now worth “essentially nothing” : r/CryptoCurrency Logan Paul’s Azuki ‘Bumblebee’ NFT he bought in 2021 has dipped from $623,000 all the way down to $10.

What is Azuki NFT?

Azuki is an NFT collection consisting of 10,000 unique and cool anime skateboard characters that launched on 12. of January 2022 with a mint price of 1 Eth. In just three minutes, the entire auction was sold out. It is safe to say that Azuki changed the world of NFTs on that day. However, Azuki is really much more than just a cool anime character.

Is the Bumblebee NFT hype fizzling out?

On August 24, 2021, Paul purchased the Bumblebee NFT for 188 ETH totaling $623,000. The development shows that the markets are strongly under the bearish grips and the NFT hype is fizzling out. In addition, the Metaverse is facing challenges as Delphi Digital published a report that shows trading volume for Metaverse fell 98%.