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JJ Lin loses 91% of his virtual property investment in NFT, costing him US$ 30,000 per unit

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SINGAPORE: In November 2021, Singaporean singer JJ Lin bought three virtual properties in a 3D world called Decentraland. This is a metaverse wherein people can buy virtual lots of land as non-fungible tokens (NFTs). 

It has been reported to the media that each virtual property had cost him around US$30,000 each. 

JJ Lin posted on his Twitter account this venture of his with a caption:from apes to punks to metaverse land… who’s with me?” 

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However, it has recently come to the attention of netizens that JJ Lin’s investments haven’t grown yet, leading to trending in the news that he suffered a ‘virtual real estate devaluation of 91 percent’ on Weibo only this year.

As reported by AsiaOne, the singer responded on the said Weibo post with a photo of his empty wallet with a caption: “I hear many people have been wanting to help me with my financial management recently!”

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As the same local news outlet reported, the real estate price per square meter on Decentraland has suffered a massive drop from US$6,000 in 2021 to US$5 in 2023. Given this unfortunate and unexpected loss, the singer’s investment is far less than US$10,000. 

JJ Lin does not seem to be bothered by it though. 

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Other fans have jokingly remarked to JJ Lin: “You’ve just lost a toy, what else can you say?” 

Some also thought that he would have forgotten all about it and the money if they had not reminded the singer of his virtual properties. 

 

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