Ava Brooks 
Jan 07, 2024
Renowned American YouTuber and former wrestler Logan Paul is offering compensation to those affected by the failed cryptocurrency game he launched in CryptoZoo in 2021.
The social media influencer has started buying back the game’s NTF tokens from players. However, to evade steering through some legal actions, he has set a condition wherein players accepting his offer won’t take any legal action against him. Players have the deadline of Feb 8, 2024, to accept the offer.
He says the buy-back process will cost him $2.3m (£1.8m), announcing to pay players 0.1 Ether per NFT that was purchased, a BBC report noted.
Read more: Pokemon Go players worried about Shadow Pokemon stats
What would take a toll on players’ pockets is the 37% drop in Ether’s value compared to the value at which it was purchased in 2021.
In a post on X, formerly Twitter, Paul said: "This buy-back is a way for me to make whole those who intended to play CryptoZoo."
It was "not intended as an investment vehicle," he added.
Despite fans spending millions of dollars on the NFT tokens, the game failed to execute even after two years of release.
When the game was newly released, the 28-year-old millionaire touted CryptoZoo as a "really fun game that makes you money," and encouraged people to buy cryptocurrency collectables.
However, what drew players’ ire was his leaving the project in the void after it earned him millions of dollars worth of NFTs and crypto coins.
In December 2022, a YouTuber, Coffeezilla, released a series of videos wherein he investigated the project. Following these videos, Paul made a public apology and said he wanted to “make this right”.
