Investor Franklin, once known for his success in the world of cryptocurrencies and NFTs, has faced a series of unfortunate events and bad decisions that led to him losing everything over the years.
According to the @PixSorcerer profile on X (formerly Twitter), Franklin initially delved into the world of NFTs through NBA TopShot, a digital collectibles marketplace for the US basketball league, but it did not yield significant returns for him.
It was with the emergence of the world’s largest NFT collection, the Bored Ape Yacht Club (BAYC), in 2021 that Franklin decided to fully immerse himself in this universe of non-fungible tokens, seeing his initial investment triple in value.
In 2022, he received an offer of $1.5 million for a single NFT, the Golden Ape, which he had purchased for $12,000. However, he turned down the offer, unaware of the impact this decision would have on his future.
The same year, Franklin made a joke that cost him 100 ETH, approximately $150,000 at the time, while trying to make a playful purchase on the Ethereum Name Service (ENS) domain.
He even borrowed 10 ETH from the BendDAO liquidity protocol and “played” with his resources, gambling in casinos and making private investments in projects, ultimately losing around $5.5 million in these operations.
Last year, Franklin faced his biggest crisis yet, leading him to temporarily leave social media. The investor reportedly decided to close his X account after losing at least 2,600 ETH – around $5.2 million or R$26 million at the time – in a rug pull scam during an online gambling session.
To cover his losses, he had to sell part of his BAYC collection, parting ways with 27 NFTs valued at $2.8 million at the time.
Despite his brief disappearance, Franklin soon returned to social media, focusing on political discussions and posting frequently on various topics.
In February of this year, he decided to sell the NFT for which he had previously received a $1.5 million offer, but could only fetch $675,000 this time. It remains to be seen what Franklin’s next venture in the world of NFTs and cryptocurrencies will be.
