Logan Paul Offers $2.3M in CryptoZoo Refunds
Logan Paul and CryptoZoo announced a buy-back program for Base Egg and Base Animal NFTs, offering original purchase price refunds to holders.
- Buy-back website: EGGNFTBUYBACK.COM
- Deadline for claims: February 8
- More than $2.3 million committed for the buy-back
- Lawsuit filed against internal saboteurs following extensive investigation
Logan Paul's CryptoZoo, a project initially launched with high hopes amongst NFT enthusiasts, announced a decisive step towards resolving its drawn out challenges. The project's founder announced the buy-back program for Base Egg and Base Animal NFTs, allowing holders to reclaim their original investment. This initiative, fueled by a personal commitment of over $2.3 million, aims to address the disappointment of the community after the game's failure to launch.
Further intensifying the situation, the founder has filed a lawsuit in federal court in Texas against individuals accused of internal sabotage and theft. This action is based on an extensive investigation, including forensic analysis of blockchain activities and thorough communication reviews.
Unfortunately, the CryptoZoo game will not see the light of day due to regulatory hurdles and development challenges, despite a $400,000 investment for its development.
After a lengthy back and forth between Paul and the web3 community, this matter will seemingly find some resolution, offering full refunds to NFT minters. Still though, it doesn't shake off the major overpromise, undeliver nature of the project and the disastrous opportunity cost that those utilizing funds incurred. Lastly, while it's fantastic to see a return of more than $2.3 million, a month long claim window seems quite short.
🎤 Founder Feedback
I approached the CryptoZoo project like everything else I am passionate about - with only the best possible intentions and success for everyone who shared our vision. I never made a single penny from the project, period. In fact, the opposite is true, because I spent hundreds of thousands of dollars trying to make it happen. With this buy-back program, I am personally committing more than $2.3 million to buy back Base Eggs and Base Animals from every person who intended to play CryptoZoo. Like you, I was highly disappointed that the game was not delivered. Logan Paul, CryptoZoo Founder
🎬 Take Action
Those seeking refund from the minting experience can visit to eggnftbuyback.com to initiate a claim. Users have through Feb. 8 to do so.
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