Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ripple – XRP spot ETFs can be ‘only a matter of time’

2025-05-20

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20

Dogecoin graphy too good to ignore, says Trader Eying Double

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Michael Jordan is now worth $3.5B, richer than the entire NFT market
NFT

Michael Jordan is now worth $3.5B, richer than the entire NFT market

2023-08-30No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Basketball legend Michael Jordan’s net worth stands at $3.5 billion and is currently higher than the entire NFT market, which was valued at over $15 billion just two years ago.

Basketball icon Michael Jordan, often heralded as the greatest-of-all-time (GOAT), has added another notch to his already illustrious belt. A recent stake sale in the Charlotte Hornets has catapulted Jordan’s net worth to an estimated $3.5 billion, per data from the Bloomberg Billionaires Index.

This significant financial achievement becomes even more noteworthy when compared to the declining non-fungible token (NFT) market.

Once a thriving sector in crypto, NFTs have recently experienced substantial drops in trading activity and value.

After selling his stake in the Charlotte Hornets, Michael Jordan’s net wealth is now $3.5bn, more than pretty much the entire NFT market combined. pic.twitter.com/Yz6KOod2HA

— NFTstats.eth (@punk9059) August 30, 2023

NFTs have gone from boom to gloom

Contrasting the upward trajectory of Jordan’s fortune is the downswing in NFT activity and valuation.

After peaking in January 2023 with 7.36 million sales, it fell 49% last month as sales dropped to 3.7 million.

The number of active users engaging in trading now sits at approximately 50,000, signaling a wider trend of declining interest in the space.

The market’s fall can be linked to a few reasons.

Initially, the overall dip in the crypto market has affected core assets like Ethereum, which has influenced NFT values.

Furthermore, the initial excitement about NFTs, driven by fear-of-missing-out (FOMO), has shifted to investor prudence. This is because several NFTs offer limited practical use and are still controlled by centralized marketplaces, raising uncertainties about their lasting worth.

See also  SEC Says ‘Stoner Cats’ Are Unregistered Securities in New NFT Enforcement Action

The community has come to recognize that NFTs mostly lack real-world uses beyond digital art. Unlike crypto assets, which are being adopted in various industries, NFTs haven’t gained as much traction.

Additionally, the NFT space has been plagued by ongoing scams and frauds, with over $100 million lost to NFT-related scams in 2022 alone.



Source link

3.5B entire Jordan market Michael NFT richer worth
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Mapping the next step of the Altcoin market is falling as purchasing power

2025-05-20

Guild of Guardians leads with a huge volume of $ 796.62k

2025-05-20

Bitcoin touches $ 2T market capitalization, surpasses Google and Meta – Is Apple next?

2025-05-19

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Charting the path of Bitcoin and Ethereum in the new bull market

2023-10-02

Bitcoin [BTC] teetering in April, could whales set new high in May?

2023-04-30

How smart contracts can streamline processes across industries

2023-10-14
Editors Picks

Crypto Browser Opera integrates Layer 1 Blockchain MultiversX

2023-05-20

Polygon partners with Škoda Auto India for digital customer engagement

2024-04-09

BlackRock CEO Larry Fink Calls BTC Digital Gold, Says Spot Bitcoin ETF Will Democratize Crypto Investing

2023-07-08

What is Xai? The Rising Ethereum Layer-3 Gaming Network on Arbitrum

2024-04-26
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ripple – XRP spot ETFs can be ‘only a matter of time’

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

Dogecoin graphy too good to ignore, says Trader Eying Double

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$107,194.780.89%
  • ethereumEthereum(ETH)$2,534.07-0.92%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.36-1.38%
  • binancecoinBNB(BNB)$651.01-0.04%
  • solanaSolana(SOL)$168.870.52%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2272000.20%
  • cardanoCardano(ADA)$0.750.09%
  • tronTRON(TRX)$0.2690480.93%
  • suiSui(SUI)$3.870.11%
  • chainlinkChainlink(LINK)$15.76-0.74%
  • avalanche-2Avalanche(AVAX)$22.671.28%
  • stellarStellar(XLM)$0.2879520.18%
  • hyperliquidHyperliquid(HYPE)$26.46-0.77%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.19%
  • hedera-hashgraphHedera(HBAR)$0.1955420.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.761.68%
  • bitcoin-cashBitcoin Cash(BCH)$394.110.13%
  • the-open-networkToncoin(TON)$3.091.68%
  • polkadotPolkadot(DOT)$4.691.40%
  • litecoinLitecoin(LTC)$94.38-4.57%
  • moneroMonero(XMR)$351.692.33%
  • bitget-tokenBitget Token(BGB)$5.16-1.18%
  • pepePepe(PEPE)$0.000013-1.65%
  • piPi(PI)$0.772.94%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • aaveAave(AAVE)$259.512.69%
  • uniswapUniswap(UNI)$6.081.53%
  • bittensorBittensor(TAO)$414.22-0.29%
  • nearNEAR Protocol(NEAR)$2.831.46%
  • aptosAptos(APT)$5.16-1.67%
  • okbOKB(OKB)$52.22-0.39%
  • ondo-financeOndo(ONDO)$0.951.33%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.6913.78%
  • kaspaKaspa(KAS)$0.1106121.96%
  • internet-computerInternet Computer(ICP)$5.301.27%
  • ethereum-classicEthereum Classic(ETC)$18.46-0.53%
  • gatechain-tokenGateToken(GT)$21.53-0.28%
  • crypto-com-chainCronos(CRO)$0.0969160.47%
  • mantleMantle(MNT)$0.752.36%
  • vechainVeChain(VET)$0.0286141.43%
  • render-tokenRender(RENDER)$4.681.83%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232202-0.68%
  • ethenaEthena(ENA)$0.3834742.24%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2252420.73%
  • arbitrumArbitrum(ARB)$0.3957200.20%
  • filecoinFilecoin(FIL)$2.87-0.09%
  • bitcoinBitcoin(BTC)$107,194.780.89%
  • ethereumEthereum(ETH)$2,534.07-0.92%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.36-1.38%
  • binancecoinBNB(BNB)$651.01-0.04%
  • solanaSolana(SOL)$168.870.52%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2272000.20%
  • cardanoCardano(ADA)$0.750.09%
  • tronTRON(TRX)$0.2690480.93%
  • suiSui(SUI)$3.870.11%
  • chainlinkChainlink(LINK)$15.76-0.74%
  • avalanche-2Avalanche(AVAX)$22.671.28%
  • stellarStellar(XLM)$0.2879520.18%
  • hyperliquidHyperliquid(HYPE)$26.46-0.77%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.19%
  • hedera-hashgraphHedera(HBAR)$0.1955420.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.761.68%
  • bitcoin-cashBitcoin Cash(BCH)$394.110.13%
  • the-open-networkToncoin(TON)$3.091.68%
  • polkadotPolkadot(DOT)$4.691.40%
  • litecoinLitecoin(LTC)$94.38-4.57%
  • moneroMonero(XMR)$351.692.33%
  • bitget-tokenBitget Token(BGB)$5.16-1.18%
  • pepePepe(PEPE)$0.000013-1.65%
  • piPi(PI)$0.772.94%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • aaveAave(AAVE)$259.512.69%
  • uniswapUniswap(UNI)$6.081.53%
  • bittensorBittensor(TAO)$414.22-0.29%
  • nearNEAR Protocol(NEAR)$2.831.46%
  • aptosAptos(APT)$5.16-1.67%
  • okbOKB(OKB)$52.22-0.39%
  • ondo-financeOndo(ONDO)$0.951.33%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.6913.78%
  • kaspaKaspa(KAS)$0.1106121.96%
  • internet-computerInternet Computer(ICP)$5.301.27%
  • ethereum-classicEthereum Classic(ETC)$18.46-0.53%
  • gatechain-tokenGateToken(GT)$21.53-0.28%
  • crypto-com-chainCronos(CRO)$0.0969160.47%
  • mantleMantle(MNT)$0.752.36%
  • vechainVeChain(VET)$0.0286141.43%
  • render-tokenRender(RENDER)$4.681.83%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232202-0.68%
  • ethenaEthena(ENA)$0.3834742.24%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2252420.73%
  • arbitrumArbitrum(ARB)$0.3957200.20%
  • filecoinFilecoin(FIL)$2.87-0.09%