Logan Paul Commits to Repaying Victims of Failed NFT Project CryptoZoo
Social media influencer Logan Paul has announced that he will personally repay victims of the failed NFT project CryptoZoo, which he launched and endorsed. In a statement, Paul stated that he is delivering on his promise to buy back Base Egg and Base Animal CryptoZoo NFTs for their original purchase price.
Logan Paul Takes CryptoZoo Matters Into His Own Hands
Paul took to X (formerly Twitter) to declare that he is taking matters into his own hands by repaying the victims of CryptoZoo. He committed over $2.3 million to buy back Base Eggs and Base Animals from every person who intended to play CryptoZoo.
However, Paul takes responsibility for paying back the victims, as he believes that malicious individuals sabotaged the project. He stated that CryptoZoo was derailed by bad actors who stole money and betrayed the team while sabotaging the game internally.
CryptoZoo Emerged as a Promising Venture
In 2021, Logan Paul supported CryptoZoo, which was marketed as an enticing game with profitable potential. It garnered comparisons to iconic brands like Pokémon in its promotional campaigns. However, YouTuber CoffeeZilla’s three-part series criticizing the CryptoZoo enterprise revealed concerns about its business model.
The game encouraged players to purchase in-game currency but failed to fulfill promises and recover investments.
Hot Take: Logan Paul Steps Up for CryptoZoo Victims
Logan Paul’s commitment to personally repay the victims of the failed NFT project CryptoZoo shows his dedication and responsibility towards those affected by the project’s downfall. Despite facing setbacks caused by bad actors, Paul is taking it upon himself to make things right. His actions highlight the importance of accountability in the crypto space and demonstrate how influencers can take positive steps to rectify unfortunate situations. By repaying the original purchase price of CryptoZoo NFTs, Paul is offering a sense of justice and restitution to those who believed in the project.
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