Logan Paul fight can make NFT holder $300K as CryptoZoo victims left on ice

A boxing battle between Logan Paul and Dillon Danis scheduled for October 14 might end in a $300,000 money payout for the holder of considered one of Logan Paul’s NFTs, regardless of holders of his CryptoZoo mission ready to be reimbursed $1.8 million.

The NFT “who am i” is the nineteenth that makes up Logan Paul’s 99 originals NFT sequence launched in 2022. The NFT perk states that the holder “receives 1% of web income of Logan Paul’s subsequent battle.”

The proprietor of the NFT is a person known as Adum Multz. It bought for 40.25 ETH in June 2022, round $43,500 on the time and price $64,000 at press time.

In an interview, Multz mentioned he expects Logan Paul to make wherever between $10 million to $30 million. This implies Multz may make between $100,000 and $300,000 from the battle.

Multz is the proprietor of Ape Yacht Charters, an NFT-themed yacht service. He’s additionally the CEO of a substance abuse restoration agency and the CEO of an web advertising and marketing company.

Logan Paul additionally promised that his Originals DAO collective fund, which stands near $2 million, may even obtain 1% of the online income.

Logan Paul’s failed NFT guarantees

Nevertheless, with Paul’s earlier NFT historical past of leaving holders within the mud, Multz might need to mood his expectations.

In 2021, Logan Paul created CryptoZoo. As claimed by crypto sleuth Coffeezilla, the mission scammed holders of the $ZOO token out of thousands and thousands of {dollars}. A lawsuit filed in February on behalf of CryptoZoo holders alleged that the NFT mission was a “rug-pull.”

Logan additionally promoted the crypto token Dink Doink to his followers whereas failing to reveal his involvement and possession of Dink Doink tokens.

After public backlash, Paul promised to reimburse CryptoZoo holders $1.8 million in January 2023. Holders are nonetheless ready to be reimbursed.