Youtuber, social influencer, and wrestler Paul Logan have hit the headlines pledging $2.3 million to several disappointed investors of the CryptoZoo NFTs game after promising a way out for buyers. Logan committed $2.3 million to refund individuals wronged by the once ambitious CryptoZoo gaming. Additionally, Logan stated that he intends to repurchase “Base Eggs” and “Base Animals” at the original price for every player who intends to play the CryptoZoo NFT game.
In 2021, Paul announced that “CryptoZoo was never a play-to-earn game. The game was not created for the player to buy, sell, breed, or trade exotic animals; rather, it was intended for players to purchase “Base Eggs” and hatch into “Base Animals” that would breed. Players would, later on, yield a $ZOO token as their reward.” Moreover, Paul announced to his followers on X (formerly known as Twitter) that “like you, I am also disappointed that the game was not delivered.”
In the statement issued by Paul Logan to his 6.8 million followers on X, he said that he only had the best intentions for CryptoZoo. “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. The opposite is true because I spent hundreds of thousands of dollars trying to make it happen. He added that the buy-back program is taking place at “EGGNFTBUYBACK.COM.”
The buy-back, however, is not to compensate gamblers who have played and lost in the crypto market but rather to make a whole for those who intended to play CryptoZoo. Paul wrote that “as outlined in the original paper, the CryptoZoo token was created to support the CryptoZoo game and its players; it was not an investment vehicle.”
Logan is Taking Legal Actions
Paul Logan also added on his X post that he is taking legal action against bad actors. He claims that CryptoZoo developers Eduardo Ibanez and Jake Greenbaum were the cause of CryptoZoo’s game failure, not him. Initially, a lawsuit was brought claiming Paul, Eduardo, and Ibanez engaged in a fraudulent venture to execute “Rug Pull.” However, Paul Logan said that “CryptoZoo was derailed by bad actors. Bad actors who did steal money and who betrayed our team while internally sabotaging the game.”
Paul Logan has confirmed that the CryptoZoo NFT game will not be released at the moment, citing that “there are too many regulatory hurdles that would need to be cleared that I did not originally understand and would ultimately delay this buy-back even further.”