Logan Paul’s Pokémon Card Sale Sparks Crypto Community Backlash

Logan Paul has netted an $8 million profit from the sale of a rare 1998 Pikachu Illustrator Pokémon card, graded PSA 10 Gem Mint—the highest possible rating. The buyer, A.J. Scaramucci, son of SkyBridge Capital founder Anthony Scaramucci, set a new record with the purchase, surpassing the previous $13 million benchmark for a Michael Jordan-Kobe Bryant Dual Logoman card.

The sale has drawn attention to Paul's Liquid Marketplace, a platform he launched in 2021 to fractionalize ownership of collectibles. The platform, which raised $8 million, allowed users to buy digital shares of physical and digital assets, including the Illustrator card. However, the initiative has faced criticism from the crypto community, particularly after Paul listed 51% of the card for fractional ownership in 2022.

Scaramucci, known for his appetite for rare acquisitions, hinted at more high-profile purchases, including a T-Rex fossil and the Declaration of Independence. Meanwhile, the crypto sector remains divided over the legitimacy and utility of fractionalized asset platforms like Liquid Marketplace.