The craze of NFTs among celebrities and bloggers is unmatched. Recently, Logan Paul launched NFT Marketplace. Yeah, you heard that correctly. You can now purchase NFTs from the Logan Paul NFT Marketplace. Well, what is the news, let’s have a detailed overview.
Social media personality and YouTuber Logan Paul has announced a new venture. He will be developing a blockchain-based marketplace with a unique twist. The new company has raised $8 million in funding and is already drawing curiosity and skepticism, with an interesting plan to democratize the ownership of rare and collectible items for everyday people.
We will be discussing Logan Paul‘s New Company “Liquid Marketplace” which allows people to invest in Shares of Rare Collectibles. We will also discuss Liquid Marketplace. So, without losing time, let’s start with Logan Paul NFT Marketplace.
Logan Paul NFT Marketplace
Logan Paul continues to take his passion for collectibles to a whole new level with his new company, Liquid Marketplace. His new venture recently raised $8 million USD in funding, drawing both skepticism and interest from those watching from afar. Paul’s career as a YouTuber has quickly taken a turn when he began training to fight professionally. He has since made his debut on WWE, where he debuted the most expensive Pokémon card at WrestleMania 38.
With Liquid Marketplace, Paul is showing off his entrepreneurial side, announcing on Twitter that his new company will aim to “fractionalize expensive assets.” Logan Paul Launching Liquid Marketplace That Allows People to Invest in Shares of Expensive Collectibles. Logan Paul is taking his interest in collectibles to the next level, revealing a new marketplace to ‘fractionalize expensive assets.’
Paul’s career as a YouTuber and social media personality kicked off in the mid-2010s on YouTube and Vine. He has since appeared in film and on television, including in Law & Order: Special Victims Unit and YouTube’s film series The Thinning.
He also made a debut on WWE SmackDown in 2021, and in recent times has been pursuing a career in boxing. However, Paul’s career has been marred with controversy, including the infamous suicide forest controversy in 2017 which led to widespread backlash.
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What Is A Liquid Marketplace?
Paul’s new company, Liquid Marketplace, was announced on Twitter just this week. Paul claims the company aims to “fractionalize expensive assets,” allowing anyone to co-own a chosen valuable or collectible. Users can buy tokens, held on the Ethereum blockchain, which represent a stake in the physical item. The goods themselves are stored by Liquid Marketplace in a physical vault. According to their website, the company also takes responsibility for authenticating and appraising the items.
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The concept of tokenizing physical goods and storing them in a vault is bound to gauge some interest from blockchain enthusiasts. The marketplace appears to resemble the style of NFT marketplaces, though tying tokens to tangible goods arguably adds extra legitimacy to the value.
However, some commentators argue that tokenizing physical items will lead to ownership disputes. Liquid Marketplace claims that the tokens amount to genuine co-ownership and not shares, but how this works in practice is a different matter.
In a philosophical sense, if thousands of people claim a stake of ownership in an item, but they have no meaningful access to it nor control of it, then one doesn’t own that item in a meaningful sense. This seems to be a big issue, contradicting the motivations of “real life” collectors. However, people who are already excited by NFT marketplaces might find this an alluring concept.
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Wrapping Up
Here we conclude our post on Logan Paul NFT Marketplace. We have covered almost everything about the latest news of the Logan Paul NFT marketplace. It is currently a free-style business. Everyone creates his own marketplace governed by his own laws.
Keep exploring our website to know more about NFTs.
Frequently Asked Questions
Q1. Can You Sell NFT On Any Marketplace?
NFTs can be sold and bought on NFT marketplaces, such as OpenSea, Rarible, and Foundation. Some of these are open to everyone while others can only be used by invitation.
Q2. Is There A NFT Marketplace?
Outside of the Looks token-related trading, LooksRare remains a relatively small marketplace for NFTs compared with OpenSea, which typically has about 10 times more daily active users, per tracker Nansen.
Q3. How Much Does It Cost To Sell An NFT?
There are often fees for buying or selling an NFT on a marketplace. OpenSea, the largest NFT marketplace, charges 2.5% per transaction. Others, like SuperRare, charge more. OpenSea also allows creators to charge up to 10% as a royalty fee.
