• Football
  • Boxing
  • UFC
  • Home
  • Football
    • England
    • Transfer News
    • Premier League
    • Champions League
    • Lionel Messi
    • Cristiano Ronaldo
    • EA FC 25
    • Wrexham
  • Boxing
    • Tyson Fury
    • Anthony Joshua
    • Oleksandr Usyk
    • Mike Tyson
    • Jake Paul
    • Logan Paul
  • UFC
    • Dana White
    • Conor McGregor
    • Khabib Nurmagomedov
    • Jon Jones
    • Paddy Pimblett
    • Joe Rogan
  • Other Sport
    • Athletics
    • Formula 1
    • MMA
    • Motorsport
    • NBA
    • Darts
    • NFL
    • Snooker
    • Wrestling
    • Tennis
    • Cricket
    • Golf
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Value Of John Terry's NFT Collection Plummets By 90 Per Cent In One Month

Home> Football

Published 12:35 10 Mar 2022 GMT

Value Of John Terry's NFT Collection Plummets By 90 Per Cent In One Month

The former Chelsea defender released his 'Ape Kids Football Club' range earlier this year

Tom Fenton

Tom Fenton

A collection of Non-Fungible Tokens (NFTs) released by John Terry have dropped in value by a staggering 90 per cent over the past month, a new report suggests.

According to The Athletic, some of his 'Ape Kids Football Club' NFTs are now selling for as low as £49, despite the fervent promotional efforts of Terry in recent months.

The former Chelsea captain garnered criticism for pushing the digital art range to his fans on social media, although it appears that nearly all of his posts about the NFTs have now been deleted.

All that remains are some supportive posts about other NFT collections, such the now-infamous 'Bored Yacht Club' - which the likes of Steph Curry, Gwyneth Paltrow and Eminem all have links to.

Terry's NFTs meanwhile were selling for an average of $656 each (£497) after launch on February 2nd, but by March 8th the average price had dropped to $65 (£49).

He isn't the only footballer who has endorsed the idea of NFTs; although, as The Mail reports, other ex-Chelsea stars like Ashley Cole and Tammy Abraham have seemingly lost faith in the blockchain marketplace.

John Terry Frank Lampard Ashley Cole
John Terry Frank Lampard Ashley Cole

Non-fungible tokens are a form of digital asset based on the innovative blockchain technology that is behind Bitcoin and Ethereum.

While a so-called "crypto winter" has led to a market dip across the board of late, that in and of itself wouldn't legislate for the dramatic drop in value of Terry's NFT collection.

News of the price collapse comes amid separate reports of the Premier League considering its own NFT partnership with an as-yet-unnamed industry giant.

The Athletic speculates that such a partnership could be worth "millions of dollars", although nothing has been substantial at this present time.

At the beginning of the year, the Premier League contacted Terry, requesting that he remove the Premier League trophy from his NFT collection due to intellectual property laws.

The Premier League taking such a keen interest in his 'Ape Kids Football Club' release does perhaps point to the sporting body doing something similar of its own in the future.

With the hype surrounding NFTs subsiding of late, it's unclear whether Terry will renew his promotional efforts when the market does inevitably pick up again.

However, the 41-year-old's decision to delete all Twitter posts related to his NFT collection won't exactly instil confidence in the controversial project.

Featured Image Credit:

Topics: John Terry, Aston Villa, Chelsea, Cyrptocurrency, Premier League, Tammy Abraham, Ashley Cole, NFT

Tom Fenton
Tom Fenton

Choose your content:

an hour ago
2 hours ago
3 hours ago
  • an hour ago

    Cole Palmer linked with move that would break the world transfer record and rock football to its core

    Cole Palmer has been linked with a move away from Chelsea.

    Football
  • 2 hours ago

    PSG could let 11 players leave in brutal clearout after Club World Cup final defeat to Chelsea as top target revealed

    Paris Saint Germain were beaten by Chelsea in the FIFA Club World Cup final.

    Football
  • 3 hours ago

    Liverpool targets Alexander Isak and Hugo Ekitike's records compared aged 23 and there's a clear winner

    Isak and Ekitike have both been linked with big-money moves to Liverpool this summer.

    Football
  • 3 hours ago

    Steven Gerrard names shock pick for Premier League's greatest midfielder as GOAT debate finally settled

    Steven Gerrard is one of the best midfielders in Premier League history.

    Football