In response to Logan Paul’s long-standing promise, community members have expressed their opinions on his recent announcement regarding the refund of disgruntled investors in his nonfungible token (NFT) project, CryptoZoo. The project was initially intended to be a play-to-earn game that allowed players to buy, sell, breed, and trade animals using cryptocurrency. Despite being announced in August 2021, the game was never released, leading to accusations of fraud and resulting in a class-action lawsuit against the popular YouTuber.
Throughout the controversy, several commentators have urged Paul to fulfill his promise and compensate the investors. They have closely monitored the situation since Paul made the commitment nearly a year ago. Finally, on January 4th, Paul unveiled a website that enables NFT holders to participate in a $2.3 million buyback program. Through this program, Paul intends to repurchase the NFTs at their original price. Claims can be submitted on the website until February 4th, according to Paul’s statements.
While this news appears to be positive for those who purchased the NFTs, some individuals suspect that Paul may have an ulterior motive behind this move. YouTube investigator Stephen Findeisen, also known as “Coffeezilla,” drew attention to a disclaimer on the website that states buyback program participants are waiving any current or future claims against Paul and CryptoZoo.
Meanwhile, others view this development as a victory for the community. Crypto content creator Mason Versluis expressed his satisfaction with Paul’s decision to refund CryptoZoo investors. He added that mainstream celebrities should not be allowed to engage in the Web3 space without being held accountable.
YouTuber Erling Mengshoel Jr., who is widely recognized as “Atozy,” acknowledged the commentary channels that held Paul responsible for his actions. According to Mengshoel, who boasts almost 1.5 million subscribers on YouTube, this outcome would not have been possible without these channels.
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