Logan Paul’s Buyback Plan for CryptoZoo NFTs Faces Criticism
YouTuber and attorney Tom Kherkher has criticized Logan Paul’s recent announcement to buy back CryptoZoo non-fungible tokens (NFTs), calling it misleading. Paul had pledged to commit over $2.3 million to repurchase NFTs bought through CryptoZoo, a play-to-earn crypto game that faced mixed response after its release. However, Kherkher stated that Paul’s statement contained inaccuracies and was merely a PR spin.
Details of the Buyback Program
According to Paul’s refund announcement, claims for the buyback can be submitted on a special website until Feb. 8. However, early supporters are unlikely to be fully compensated, as the website states that claimants will receive up to 0.1 ETH per eligible NFT submitted. Furthermore, buyers of the in-game currency ZOO tokens may not be compensated at all.
Criticism from Alan Wehbi
A Twitter user named Alan Wehbi, claiming to be the largest ZOO token holder, expressed dissatisfaction with Paul’s buyback plan after discovering he was blocked by the influencer on Twitter. Wehbi threatened legal action if he wasn’t compensated for his losses within seven days.
Hot Take: Logan Paul’s Buyback Initiative Questioned
Logan Paul’s promise to buy back CryptoZoo NFTs has faced criticism from YouTuber Tom Kherkher and dissatisfied token holders like Alan Wehbi. While Paul’s refund program offers some compensation, it falls short of meeting early supporters’ expectations. The controversy surrounding this buyback raises doubts about the effectiveness of Paul’s efforts to address the disappointment caused by CryptoZoo’s underwhelming performance. It remains to be seen whether Paul will follow through on his pledge and fully compensate those affected by the game’s shortcomings.
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