CryptoZoo Investors Offered Refunds a Year After Promised by Logan Paul
YouTuber Logan Paul is offering refunds for the never-released CryptoZoo NFT game – if he deems the NFTs eligible “in his sole discretion.” Also, former owners relinquish all right to sue.
Announced in 2021, CryptoZoo was supposed to be a play-to-earn (P2E) game where players would buy, sell, breed, and trade exotic animal NFTs with crypto.
“I am incredibly happy to announce that I am delivering on my promise to buy back Base Egg and Base Animal CryptoZoo NFTs for their original purchase price,” Paul said in a Twitter post.
Eligible NFTs do not include Hybrid animal NFTs.
However, per the terms and conditions:
“Any NFTs submitted for the Buy-Back that PAUL in his sole discretion deems ineligible pursuant to this provision will not be returned.”
The game will not be released, Paul added, stating that he personally spent $400,000 on it and “never made a single penny from the project, period.”
He has committed more than $2.3 million to buy back the NFTs, he wrote, from every person who intended to play CryptoZoo.
“The buy-back is not intended to compensate those who gambled on the crypto market and lost,” he said.
Today, I am incredibly happy to announce that I am delivering on my promise to buy back Base Egg and Base Animal CryptoZoo NFTs for their original purchase price. This buy-back program is being carried out at https://t.co/XIQzLAGKiG. Claims can be submitted through this site… pic.twitter.com/VMPDHvdXkq
— Logan Paul (@LoganPaul) January 4, 2024
Paul reiterated that CryptoZoo was sabotaged by bad actors who stole money from it. He claims that an extensive investigation has confirmed this.
Subsequently, he has filed a lawsuit in federal court in the US against CryptoZoo lead developers Eduardo Ibanez and Jake Greenbaum.
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