Logan Paul is refunding $2.3 million from the failed CryptoZoo crypto project. The promised game won't release despite $400k spent on development. The speaker bought a CryptoZoo egg and sees the refund as a step toward better standards in crypto, though contrasts it with Logan's more successful NFT project Originals.
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Logan Paul is officially refunding $2.3 million worth of crypto from the crypto scam that he was involved in called CryptoZoo. I actually personally bought a CryptoZoo egg when they launched, but now he's buying them all back and he's committed $2.3 million to do this. In this long message he put out, he basically says the project was derailed by bad actors, which I actually do believe him. I think he got into business and partnership with the wrong people for this project, because right after he dropped this project, CryptoZoo, he dropped another project called Originals. And it was actually— it is actually one of my favorite NFT projects on the entire market. It's very well done. The game that he said he was going to launch is not coming out. He spent $400,000 to try to develop it, but it's not going to come out. But this is good. Set those morals and standards for NFT and crypto projects.