FaZe Banks reveals insane value of his NFTs after $200k investment Instagram: banksFaZe Clan co-owner Ricky \u2018Banks\u2019 Bengston has revealed the ludicrous value of his NFT portfolio, after initially investing $200,000. NFTs, or Non-Fungible Tokens, have grown exponentially in popularity throughout 2020 and 2021, with the most expensive NFTs selling for millions of dollars. The digital artwork comes in so many variations, with thousands of artists across the globe selling their work on marketplaces like OpenSea. One influencer that dove deep into the world of NFTs was Banks, owning a number of pieces that have skyrocketed in value since purchasing them \u2014 and now he\u2019s opened up on what he thinks his portfolio is worth. Shortly after addressing offshore gambling accusations, the topic moved on to NFTs, with Banks explaining how entrepreneur Gary Vaynerchuk got him into them before detailing the real value of his investments. He explained on the BFFs podcast with Josh Richards and Barstool\u2019s Dave Portnoy that he invested his initial $200k after Vaynerchuk\u2019s suggestion, and it\u2019s gone wild from there. \u201cI currently own nine CryptoPunks, six Apes, these things are super blue-chip,\u201d he explained. \u201cI think the floor for a CryptoPunk right now is somewhere in the ballpark of $400,000.\u201d When Richards asked how much he thinks he\u2019s made from NFTs, Banks said: \u201cI think conservatively \u2014 not \u2018made\u2019, not liquid\u2026 I\u2019d say my portfolio right now is worth, a modest number, maybe $7-8 million.\u201d Topic starts at 38:05 Banks goes on to add that he believes his portfolio will be worth around $10m by the end of the year, which would all be profit as he\u2019s said he\u2019s already taken back his initial $200k. While not every NFT is going to go to the moon, it\u2019s fair to say that FaZe Banks has done seriously well with them \u2014 but insists that he\u2019s still in it for the long haul. Only time will tell what his portfolio will look like and be worth years down the line.<\/p>\n","protected":false},"excerpt":{"rendered":"
FaZe Banks reveals insane value of his NFTs after $200k investment Instagram: banksFaZe Clan co-owner Ricky \u2018Banks\u2019 Bengston has revealed the ludicrous value of his NFT portfolio, after initially investing $200,000. NFTs, or Non-Fungible Tokens, have grown exponentially in popularity throughout 2020 and 2021, with the most expensive NFTs selling for millions of dollars. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48497","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=48497"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/48497\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=48497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=48497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=48497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}