--- title: "Florida Man Horrified When NFTs He Bought Because Floyd Mayweather Told Him to Crater in Value" description: "After spending $12,000 on Floyd Mayweather-endorsed NFTs that are now worthless, one Florida man is having major buyer's remorse." date: "2022-05-23" modified: "2022-05-23" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/floyd-mayweather-bunny-nfts" categories: - "Blockchain" - "Future Society" - "NFTs" tags: - "crypto" - "floyd mayweather" - "nfts" - "scams" - "the blockchain" - "the digest" --- # Florida Man Horrified When NFTs He Bought Because Floyd Mayweather Told Him to Crater in Value ![After spending $12,000 on Floyd Mayweather-endorsed NFTs that are now worthless, one Florida man is having major buyer's remorse.]() *\Image: Bored Bunny\* ## KO! After spending $12,000 on Floyd Mayweather-endorsed NFTs that are now worthless, one Florida man is having major buyer's remorse. Tyler, a 35-year-old Miami man, [told *NBC News*]() that he's now struggling to afford gas and food amid rising inflation after purchasing the "Bored Bunny" non-fungible tokens (NFTs) promoted by his favorite boxer. He even shoveled some of his mom's money into the digital assets. Meanwhile, he said, Mayweather and other [NFT-shilling celebrities]() "took their payouts and moved on while everybody who scraped by to invest in their futures got robbed." Styled similarly to the "Bored Apes" whose [value skyrocketed before taking a dive in recent weeks](), the [Bored Bunny NFT project promised investors]() they'd make "2x, 5x, maybe even 10x the value" of what they invested "within a few days." Instead, the bunnies fell from around $1,500 per NFT to only around $100. ## Pulling the Rug The Bored Bunny creators [claimed in tweeted statements]() that they'd received death threats from angry investors, many of whom bought after celebs like Mayweather, Jake Paul, DJ Khaled, and others [convinced them to buy]() shortly before the NFTs' value tanked. This sort of celebrity endorsement scheme isn't peculiar to this project, either — in cryptoworld, it's [called a "rug pull,"]() and it [keeps on happening](). In spite of the heat, the Bored Bunny folks don't seem that miffed about [losing their investors an estimated $20.7 million](), and told *NBC* that it's not their fault investors didn't sell at the right time to make bank. Meanwhile, Tyler told the news outlet that buying Bored Bunny NFTs has left him in ruins. "This basically financially crippled me," the Florida man said. **READ MORE:** [Celebrity-endorsed NFTs leave some investors ‘financially crippled’]() \[*NBC News*\] **More scams:** [*Crypto Fans Are So Dumb They’re Clicking .EXE Files Disguised as NFTs*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()