Logan Paul, a YouTuber and professional wrestler, showed in a new video how he bought a 1998 Pikachu Illustrator Pokémon card that was rated a perfect 10 by PSA and cost him a whopping $5,275,000. The scary truth is also shown in the video: he is making the precious Pikachu into an NFT.
Since at least 2020, Logan Paul has enjoyed spending his multimillion-dollar fart joke fortune on expensive Pokémon cards, which he then mines for content to make an even bigger fart joke fortune. Paul showed off his $5.2 million holographic Pikachu to the public by wearing it around his neck on a heavy gold chain before his April WrestleMania match. He looked like a banana, or more specifically, a banana with a Pikachu necklace.
I think that is the name of a painting by Vermeer. Anyway, Paul said in the video that it took him months to get the card, which is the only known Pikachu Illustrator card in perfect condition, according to the PSA website.
Paul says that before his WrestleMania stunt, there was no information about the mint card that was available to the public, and none of his fart collector friends had ever seen it in person. But in February 2021, the owner’s agent sent him a direct message on Instagram saying that the owner wanted to sell.
The seller turned down Paul’s first offer of $4 million, but four months later, Paul reached out to a friend they both knew and tried to make another, better offer. They came to a deal for $4 million and a PSA-graded 9 Pikachu Illustrator card, which Paul found easily through his network of fart collectors and bought for $1.25 million.
He gave the card and the money to the original owner of the mint-condition Pikachu, who remained anonymous, broke the Guinness record for the “most expensive Pokémon trading card sold at a private sale,” and everyone lived happily ever after. The card, on the other hand, will be held captive in the blockchain. On July 9 at 3 p.m. EST, it will be listed as an NFT on Liquid Marketplace, the “platform” he “co-founded.”
The platform has almost no online presence, history, or information at the moment. However, its about page says that its goal is to “give collectors the chance to co-own physical and digital assets through the power of tokenization.” I hope that’s enough to get you to take out a $5 million loan so you can buy 50 million tokens at $0.10 each, which is what Paul is selling the NFT for on the website.
Paul will only own 49 percent of the card, so it will be kept in a community vault, but he can wear it to more WrestleManias if the people who own the majority of tokens let him. Hey, don’t give me that look. Paul has the right to extort Pokémon fans who have done nothing wrong in the name of meaningless collective ownership. He loves Pikachu more than anyone else.
I have evidence. In Paul’s video, before the mint card was given to him, someone off-camera said, “Hm. You love Pikachu.”
Paul said, “Yeah, he’s the best, bro.” So there you go. The smartest person of our time, bro.