Logan Paul Is Reimbursing CryptoZoo NFT Victims, Launches $2.3M Buy-Back Program
Social media influencer Logan Paul has introduced to his tens of millions of followers his dedication to personally repay victims of the failed NFT venture CryptoZoo, which he launched and endorsed.
“At the moment, I’m extremely comfortable to announce that I’m delivering on my promise to purchase again Base Egg and Base Animal CryptoZoo NFTs for his or her authentic buy worth,” Paul acknowledged.
Logan Paul Takes CryptoZoo Issues Into His Personal Palms
In a prolonged submit on X (previously Twitter), Paul declared he’s taking it into his personal fingers to repay victims of the failed NFT venture CryptoZoo.
“With this buy-back program, I’m personally committing greater than $2.3 million to purchase again Base Eggs and Base Animals from each one that supposed to play CryptoZoo.”
Nevertheless, Paul takes accountability for paying again the victims. Whereas his promotions reportedly attracted many, he argues that malicious people sabotaged the venture.
“As I mentioned a 12 months in the past, CryptoZoo was derailed by dangerous actors. Unhealthy actors who DID steal cash and who betrayed our group whereas internally sabotaging the sport.”
CryptoZoo Emerged as a Promising Enterprise
In the meantime, in 2021, Paul, armed with an unlimited on-line viewers of 4 million subscribers, threw his weight behind CryptoZoo.
The platform was portrayed as an attractive sport with worthwhile potential. It even drew parallels to iconic manufacturers like Pokémon in its promotional pitches.
Nevertheless, the storyline took a flip when YouTuber CoffeeZilla unveiled a three-part sequence critiquing the CryptoZoo enterprise. The investigation spotlighted issues about CryptoZoo’s enterprise mannequin.
Moreover, the sport enticed gamers to buy in-game forex, in the end leading to unfulfilled guarantees and unrecovered investments.
