Group members have reacted to YouTuber Logan Paul’s buyback announcement, delivering on his year-old promise to refund the disgruntled traders of his nonfungible token (NFT) challenge CryptoZoo.
The NFT challenge was imagined to be a play-to-earn (P2E) recreation that lets gamers purchase, sell, breed and commerce animals with crypto. The YouTuber introduced the challenge in August 2021, however the recreation was by no means launched. This sparked allegations of fraud and led to a class-action lawsuit towards the movie star.
Group member criticizing the photographs on Paul’s NFT challenge. Supply: X
All through the controversy, a number of commentators referred to as out Paul to make the traders complete. They’ve additionally saved a watchful eye on the progress since Paul promised refunds virtually a 12 months in the past.
On Jan. 4, Paul lastly shared a website that lets the NFT holders take part in a $2.3-million buyback program, the place Paul would repurchase the NFTs at their unique value. In response to the YouTuber, claims might be submitted on the website via Feb. 4.
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Whereas the information seems constructive for many who purchased the NFTs, some consider there’s an ulterior motive behind Paul’s transfer. YouTube sleuth Stephen Findeisen, higher referred to as “Coffeezilla,” posted on X (Twitter) to flag a disclaimer on the website saying that buyback program individuals are “waiving any precise or anticipated claims” towards Paul and CryptoZoo.
Making a video on the Logan Paul state of affairs: i am tremendous comfortable among the victims will get refunded 1 12 months later.
however let’s not faux there is not ulterior motives. Logan is being crushed in a lawsuit proper now. As normal he is making an attempt to avoid wasting his personal pores and skin. pic.twitter.com/ESmeE8gP1x
— Coffeezilla (@coffeebreak_YT) January 5, 2024
In the meantime, others celebrated the transfer as a win for the group. Crypto content material creator Mason Versluis celebrated the truth that Paul is formally refunding CryptoZoo traders. The content material creator added that mainstream celebrities “can’t simply mess around within the Web3 area with no accountability.”
YouTuber Erling Mengshoel Jr., extra generally referred to as “Atozy,” gave a shoutout to commentary channels that held Paul accountable. In response to Mengshoel, who has virtually 1.5 million subscribers on YouTube, this wouldn’t have occurred with out them.
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