Image Credit: Us Weekly
Jan 05, 2024
Influencer Logan Paul vows to refund disgruntled investors of his CryptoZoo NFT game a year after promising recourse.
Image Credit: Forbes
Paul personally commits $2.3 million to fund the buy-back program for Base Eggs and Base Animals at their original purchase price.
Image Credit: The New York Times
CryptoZoo, a play-to-earn game allowing trade of exotic animals as NFTs, was never released despite ambitious plans announced in August 2021.
Image Credit: AMBCrypto
Eligible participants can submit claims until Feb. 8, receiving 0.1 ETH for each eligible NFT and agreeing not to move them from their wallets.
Image Credit: ZooToken Finance
Terms specify that hybrid animal NFTs are ineligible for the buy-back, and investors holding the ZOO token won't be compensated.
Image Credit: DevianArt
Paul files a cross-claim lawsuit against CryptoZoo developers, blaming them for the project's derailment due to fraudulent activities.
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Paul confirms CryptoZoo won't be released, citing financial constraints and regulatory hurdles as the main reasons behind the decision.
Image Credit: Medium