Here’s how much Eminem and Neymar are down on their NFT investments

The waning interest in NFTs and the plunge in trading volumes have seriously affected the football star – Neymar Jr. – and renowned rapper – Eminem in terms of their digital art purchases.

At the beginning of the year, the Brazilian athlete bought two Bored Ape Yacht Club digital collectibles for over $1 million, while their current value is around $340,000. Eminem’s paper losses are currently approximately $330,000.

Several celebrities affected by NFT crash

In January 2022, one of the best Brazilian soccer players of the last decade – Neymar – bought Bored Ape 6633 for 159.99 ETH and Bored Ape 5269 for 189.69 ETH. At the time of purchase, the valuation of the art equated to approximately $1.05 million.

However, the ongoing crypto winter has not been kind to the NFT sector and Neymar has recorded significant damage to his investments. Currently, Bored Ape 6633 and Bored Ape 5269 are worth a combined $340K, meaning he’s sitting on over $700,000 in unrealized losses.

The only rapper to ever win an Oscar—Marshall Bruce Mathers III (aka Eminem)—also got in on the BAYC craze. In January of this year, he bought Bored Ape 9055 for 123.45 ETH or $462.00 at the time. Currently, however, the estimated valuation of his collectible has dropped to approximately $140,000.

Also, Eminem teamed up with another NFT collector – Snoop Dogg – to create a BAYC-themed song, which they performed live earlier this year.

Another celebrity who can’t be happy with his NFT investment is renowned DJ Steve Aoki. The American is known among the crypto community as a collector and even a creator of such art.

Several months ago, he bought an NFT portion of the Doodles collection for nearly $350,000. According to DappRadar numbers, the item is currently worth just $47,000.

Logan Paul’s decisive loss

Talking about such failed investments, one should mention the popular YouTuber, actor and social media personality – Logan Paul.

Earlier this year, he bought an NFT portion of the Azuki collection for $623,000. But currently the item is only worth $10.

The crypto community on Twitter was quick to comment on Paul’s financial failure. Many users claimed that NFTs are scams and people should be careful when engaging with them, especially at a time when too much hype is being generated.

Still, some individuals believed that the YouTuber could recover some of his losses during the next potential bull market when the valuation of his NFT could head north.

Paul’s failure is not just limited to non-fungible tokens. Recently, he admitted that he was down about $500,000 on his bitcoin and altcoin investments.