Floyd Mayweather’s Bored Bunny NFT Investor Struggles To Afford Groceries

Published 05/24/2022, 12:15 PM EDT

Floyd Mayweather has taken to various business ventures after retiring from the sport in 2017. One of them is NFT projects. The former five-weight division champ has a shady past when it comes to these projects. The champ has faced a lot of controversies for these failed NFT collections. However, it did not stop him from launching them.

Every time he comes up with these instant money-earning NFTs, despite continuous failures, he succeeded in winning the trust of people. But have you wondered why the NFT projects of Floyd Mayweather are a matter of discussion? It is so because one of the NFT collections promoted by ‘The Best Ever’ named, the Bored Bunny NFT, has turned out to be a rug pull. Consequently, those who had invested in this have lost millions.

Per the report, investors lost $21 million. One victim of this entire NFT drama is Tyler. The 35-year-old is a project manager in a small Miami-based trucking company. He has arranged about $12,000 with the help of his mother and invested in the nonfungible tokens, or NFTs.

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However, after the collapse of this digital token, the worth of his investment has reduced. Since he is not as wealthy as Mayweather so this has miserably affected him.

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He said, “This basically financially crippled me.” According to Tyler, the rising inflation and the loss in investment have pushed him into such a condition that he is struggling to afford gas for his car and groceries to eat.

What is Bored Bunny NFT launched by Floyd Mayweather?

The developers of this NFT collection have taken the help of celebrities like Floyd Mayweather to promote it. ‘The Pretty Boy’ dropped a video on social media platforms promoting Bored Bunny NFT.

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He said, “What I need everybody to do right now: Go get a Bored Bunny NFT. You’re hearing it from the one and only Floyd ‘Make-That-Money’ Mayweather.”

It is a collection of 4999 unique 3D well-designed Bunnies united together to get on the Ethereum Blockchain.

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As of now, it has collapsed, leaving behind investors like Tyler in great trouble.

What do you think of Mayweather’s failed NFT projects? Let us know in the comments below.

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Written by:

Abhishek Singh is a Boxing writer at EssentiallySports. Following the completion of his training as an amateur boxer, he is currently preparing to appear for trials at the state and national levels. With over 3 years of experience in playing the sport, Abhishek is also the holder of a Bachelor's in Arts degree from the University of Delhi.

Edited by:

Vibhanshu Kumar

Floyd Mayweather’s Bored Bunny NFT Investor Struggles To Afford Groceries

What is Bored Bunny NFT launched by Floyd Mayweather?

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