Logan Paul Offers Refunds to CryptoZoo Investors
YouTuber Logan Paul has announced a refund initiative for disgruntled investors of his failed CryptoZoo NFT game. Under the “buy back” program, Paul will personally fund the refunds by committing $2.3 million. Participants will be able to sell their Base Eggs and Base Animals NFTs at the original purchase price. Paul expressed his disappointment in the game’s failure and assured investors that he is committed to rectifying the situation.
Program Details and Terms
The buy-back program offers eligible users 0.1 ETH (valued at $224) for each NFT they submit. However, Hybrid Animal NFTs are not eligible for the refund. Participants must keep their NFTs in their wallets and waive any current or future claims against Paul and related personnel. Holders of the CryptoZoo-linked ZOO token will not be compensated.
Paul Files Cross-Claim Lawsuit
In addition to the refund program, Paul has filed a cross-claim lawsuit against CryptoZoo lead developer Eduardo Ibanez and Jake Greenbaum. Paul alleges that bad actors within the team sabotaged the game and engaged in fraudulent activities. He stated that he had not profited from the project and aims to hold those responsible accountable.
Hot Take: Logan Paul Takes Responsibility for Failed CryptoZoo Game
Logan Paul’s refund initiative for CryptoZoo investors demonstrates his commitment to rectifying the failure of the NFT game. By offering refunds, Paul takes responsibility for the disappointment investors faced. His decision to file a cross-claim lawsuit against the developers further highlights his efforts to hold accountable those responsible for the project’s demise. While the game was ambitious, Paul’s actions show his dedication to addressing the concerns of the crypto community and protecting the interests of CryptoZoo investors.
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