$50,000,000 worth Odell Beckham Jr. saw a STAGGERING 50% depreciation in his ‘Crypto Punk’ NFT accounting for losses of over $1,200,000

Odell Beckham Jr. recently signed a massive $15 million 1-year deal with the Ravens.

$50,000,000 worth Odell Beckham Jr. saw a STAGGERING 50% depreciation in his ‘Crypto Punk’ NFT accounting for losses of over $1,200,000

Odell Beckham Jr. during his introduction press conference for Ravens (Image via @Ravens/Twitter)

Odell Beckham Jr. was once the highest-paid player in the league. The talented WR was on his way to becoming the Super Bowl MVP with the Los Angeles Rams before a tragic injury struck him. Still, the Rams went on to win the Super Bowl, ensuring a hefty payday for Odell. Odell is worth around $50 million and has many assets to his name.

Interestingly, the Baltimore Ravens WR also found himself investing in the crypto boom and bought himself a swanky NFT. NFTs are digital assets that are linked to the blockchain. It was recently reported that Odell bought the Crypto Punk #3365 NFT which was a pixelated avatar of the 2014 NFL offensive rookie of the year. He bought the prized collection at around $2.17 million after winning the Super Bowl.

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However, he suffered a massive 50% depreciation on it and the digital asset is currently priced at just $1.2 million. Bitcoin and cryptocurrency is still tricky subject in the country as many navigate their personal investments in it.

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It is also reported that Odell Beckham Jr. wanted his $750,000 salary in Bitcoin. However, that didn’t come to fruition and eventually, everything worked out in his favor. The value of Bitcoin has massively plummeted since then. His $750,000 salary would have been valued at $413,000 currently.

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Odell Beckham Jr. signed a lucrative deal with the Ravens

Odell Beckham Jr.
Odell Beckham Jr. for Giants (Image via MARCA)

After struggling with injury and missing out a whole season, Odell Beckham Jr. is back for NFL action. The Pro Bowler recently signed with the Ravens and will provide support to QB Lamar Jackson.

Odell signed a lucrative 1-year deal with the Ravens worth around $15 million. The complete $15 million will be guaranteed to the WR, irrespective of his injury woes.

Despite the significant NFT losses, Odell has found himself a massive payday and will be part of the NFL for another season. However, this massive salary brings even massive expectations as the Ravens WR will be expected to perform in almost every game and bring back his old Super Bowl form.

Odell Beckham Jr. is easily one of the most influential players in the league. He is known for his insane popularity and his unreal ball-catching skills on the field.

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