The eldest of the infamous Paul brothers announced another of his endeavors on his official channel in the form of 99 Originals which is an NFT project. But is it a scam or something legit?
On April 13th, Logan Paul uploaded a video on his Youtube channel titled “I Made A Masterpiece | Logan Paul’s 99 Originals” and the whole Internet went crazy over his latest project.
In less than a week, the Youtube video has more than 1.5 million views and around 4000 comments. But what exactly is this 99 Originals project of Logan Paul and should we be interested in this?
The NFT world has always been controlled by the ultra-rich and massive influencers around the world. So Logan Paul launching an NFT project of his is nothing new.
But the online community has seen its fair share of rug pulls when it comes to crypto and NFT projects and is thus wary of these new projects. That’s why everyone had mixed feelings when Logan Paul announced 99 Originals as his Magnum Opus.
But what exactly is this 99 Originals project and is it a scam or another of those future rug pulls we hear so much about these days?
What is Logan Paul’s 99 Originals Project?
On April 13th, a podcast was uploaded on Logan Paul’s Impaulsive channel which had a small segment in it called “Logan’s Secret Project (99 Originals)”.
In this segment, he talks about how he has always wanted to become the biggest entertainer in the world. When his fight with Floyd Mayweather was announced, he thought it will be his peak monumental life moment, but once the fight ended it seemed like just an ordinary moment to him.
Thus Logan embarked on a new journey to find himself and do something creative that he can call his Magnum Opus.
This is where the 99 Originals project took birth. Logan Paul has always been a creative individual, and we all have seen his grind firsthand since he started vlogging.
Logan Paul calls this new project his Magnum Opus aka his masterpiece where he goes on a journey of 99 days and takes a new artistic picture every day that showcases his journey.
Logan embarked on a journey of 84,029 miles around the world with a polaroid camera in his hand. Here he almost died, witnessed miracles, had some of the best moments of his life, fell in love, etc.
He summarized those life-changing moments into 99 photos and he decided to call it the 99 Originals NFT project where all those pictures will be sold online as an NFT.
All the pictures have been captured by a small polaroid camera, and are extremely personal and close to Logan’s heart.
Where To Buy Logan’s 99 Originals NFT?
According to Logan Paul, the whole NFT project will be released over a time period of 99 days where one image is released daily with an option for fans to bid for it.
One image will be auctioned per day and will be available to buy on Originals.com.
Every auction will run for 24 hours, and there will be a 15-minute reset timer for the bids placed in the last 15 minutes.
The release date for the 99 Originals auction was set to be 19th April but now it has been pushed to 20th April and will take place on the Originals official website.
All of the 99 Originals can be tracked back to Logan Paul and contain data points using which you can verify the authenticity and nature of the original moment captured.
The winner of the auction will not only receive the online NFT, but also the physical Polaroid. The steps to redeem the physical polaroid is available to read on the official website.
Is Logan Paul’s 99 Originals NFT Project A Scam?
Well, it’s too early to tell but we would advise you to stay away from the project if you are not a millionaire or Billionaire with money to throw around.
Don’t go throwing your hard-earned money for some polaroid photos on the Internet. Even though Logan Paul is a huge name and brand on the Internet, at the end of the day he is also an influencer who craves only money.
At the start of his career, Logan Paul announced that he wants to be the first Billionaire influencer, and only through projects like these could he reach there.
Earning money from Youtube and Instagram has its limits. There are some limits as to how much merchandise someone could sell online and how much ad revenue someone can earn online, they will never be able to make Logan Paul a billionaire.
Thus the best way is to crowdfund wealth and what better than to use NFT projects for this purpose.
Jake Paul and Logan Paul, both brothers have been caught in NFT and Crypto scams in the past and there are no indications that anything will be different this time.
Logan Paul’s 99 Originals could very well be a scam! We expect a Coffezilla video on the subject very soon.
If you are a fan who has some extra money lying around, feel free to spend it on Logan’s 99 Originals NFT project but don’t throw your parents or self-earned dollars.
Only the time will tell if Logan Paul’s 99 Originals project is a scam or not, but according to us, it clearly shows signs of it being a future rug pull where the NFT holders are left with nothing but a useless art on the Blockchain.
Logan’s Plan With 99 Originals
In the same podcast video, Logan shares what he plans to do with these 99 Originals products and how the funds will be allocated.
According to his website, 49% of the funds will go directly to Logan Paul as pure profit and then 50% will be allocated to the community treasury.
All the NFT holders at the end of the 99-day auction will be added to a group where they take collective decisions as to what to do with this money.
1% royalties will be allocated to the holders of Logan Paul’s Pokemon NFT holders. I must say, a legit move by Logan Paul to support and reward his Pokemon NFT holders.
The auction will be starting soon, and it will be fun to see how much Logan Paul is able to make from his recent 99 Originals project. We expect somewhere around $20-25 Million from all of his 99 NFTs.