Logan Paul’s $2.3M ‘CryptoZoo’ NFT Buyback Amid Legal Woes

A circumstantial website has been acceptable up for investors to taxable their claims, reflecting the celebrated influencer’s dedication to resolving the fallout from the game’s failure.

Today, I americium incredibly blessed to denote that I americium delivering connected my committedness to bargain backmost Base Egg and Base Animal CryptoZoo NFTs for their archetypal acquisition price. This buy-back programme is being carried retired at https://t.co/XIQzLAGKiG. Claims tin beryllium submitted done this site… pic.twitter.com/VMPDHvdXkq

— Logan Paul (@LoganPaul) January 4, 2024

Logan Paul’s High Hopes and Harsh Realities

The CryptoZoo game, announced by Logan successful 2021, was marketed arsenic an engaging and profitable animated NFT gaming project. Drawing inspiration from Pokémon, it promised players the quality to hatch, breed, collect, and commercialized unsocial carnal hybrids connected the blockchain. Despite the archetypal occurrence with the merchantability of 11,000 NFTs, the crippled ne'er launched.

Logan maintains that helium had lone the champion intentions for CryptoZoo and asserts that helium did not nett from the project. He claims to person spent $400,000 connected its development, and though the crippled was completed successful aboriginal 2023, it faced unforeseen regulatory challenges that prevented its release.

He expresses his disappointment implicit the game’s non-release and emphasizes that the $2.3 cardinal buyback programme is intended to compensate those who invested successful the game, not those who speculated successful the crypto market.

Suing Key Figures successful CryptoZoo’s Downfall

In a caller ineligible development, Logan is suing Eduardo Ibanez, the pb developer of CryptoZoo, and Jake Greenbaum, known arsenic “Crypto King”, alleging their work for the game’s failure.

Legal documents uncover aboriginal informing signs of trouble, including suspicious trading enactment involving $ZOO tokens soon aft the game’s launch. The marketplace capitalization of $ZOO experienced a important decline, plummeting from astir $130 cardinal to $26 million, reportedly arsenic a effect of this activity.

While Logan confirms that CryptoZoo volition not beryllium released, helium hopes to find immoderate solution done the ineligible system. His acquisition with CryptoZoo offers a cautionary communicative and learning accidental for some enthusiasts and entrepreneurs successful the ever-evolving integer plus landscape.

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*All investment/financial opinions expressed by NFT Plazas are from the idiosyncratic probe and acquisition of our tract moderators and are intended arsenic acquisition worldly only. Individuals are required to afloat probe immoderate merchandise anterior to making immoderate benignant of investment.