YouTuber and social media influencer Logan Paul is set to refund certain disgruntled investors of his once ambitious CryptoZoo nonfungible token (NFT) game — a year after he promised NFT buyers recourse.
Logan said the “buy back” program will be funded by $2.3 million he is personally committing and will involve buying back Base Eggs and Base Animals at the original purchase price “for every person who intended to play CryptoZoo.”
CryptoZoo was a never-released play-to-earn game allowing players to buy, sell, breed and trade “exotic animals” (represented as NFTs) with crypto. Paul first announced it in August 2021.
Players would buy “Base Eggs” to be hatched into “Base Animals,” which could also be bred and yield daily ZOO tokens. Over 3,009 Ether (ETH) in Base Eggs, worth around $6.7 million, have been traded on OpenSea.
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
“Like you, I was highly disappointed that the game was not delivered,” he added, speaking to his 6.8 million followers,” Paul said in a Jan. 4 post on X (formerly Twitter).
The buy-back program is taking place at “EGGNFTBUYBACK.COM,” and claims can be submitted until Feb. 8, Paul added.
According to the terms and conditions, those eligible will receive 0.1 ETH, currently worth $224, for each eligible NFT they submit. Successful claimants must not move their eligible NFTs out of their wallets after being determined to be eligible.
CryptoZoo’s buy-back web page. Source: eggnftbuyback.com
“Hybrid animal NFTs will not be eligible for the Buy-Back,” the terms stated, while Paul added that investors who held CryptoZoo (ZOO) tokens won’t be compensated under the buy-back program either. ZOO is 99.99% off its all-time high…
..
