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The fallout from the CryptoZoo Nft debacle has spilled into the court of law. The brand’s co-founder Logan Paul has sued commentary creator Coffeezilla (real name Stephen Findeisen), who allegedly defamed Paul in videos related to CryptoZoo.
In 2021, Paul announced CryptoZoo, a project that provided buyers with individualized “eggs” in exchange for Ethereum (Eth) cryptocurrency. The idea was that the eggs would “hatch” into creatures that would rise or fall in value depending on their characteristics, but the gamified aspect of CryptoZoo never materialized. Eventually, Paul agreed to pay $2.3 million to buy back CryptoZoo purchases from aggrieved customers.
Findeisen, who is one of YouTube’s foremost cultural commentators, has uploaded at least six different videos related to CryptoZoo. Early on in the project’s lifespan, Findeisen described Paul as a scammer who was pulling a fast one on his fans. Eventually, Paul apologized to the man known as Coffeezilla,...
In 2021, Paul announced CryptoZoo, a project that provided buyers with individualized “eggs” in exchange for Ethereum (Eth) cryptocurrency. The idea was that the eggs would “hatch” into creatures that would rise or fall in value depending on their characteristics, but the gamified aspect of CryptoZoo never materialized. Eventually, Paul agreed to pay $2.3 million to buy back CryptoZoo purchases from aggrieved customers.
Findeisen, who is one of YouTube’s foremost cultural commentators, has uploaded at least six different videos related to CryptoZoo. Early on in the project’s lifespan, Findeisen described Paul as a scammer who was pulling a fast one on his fans. Eventually, Paul apologized to the man known as Coffeezilla,...
- 7/8/2024
- by Sam Gutelle
- Tubefilter.com
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People who bought into CryptoZoo, Logan Paul‘s self-described “really fun game that makes you money,” are being offered a $200 refund.
Paul introduced the project on his podcast back in 2021. The vision was a hybrid Nft/game project: CryptoZoo-the-nft-collection would launch first, allowing people to buy digital “eggs”; then, once CryptoZoo-the-game launched, the eggs would hatch into (potentially Adobe stock photo-based) jpegs of chimera-esque animals. Hatches generated $Zoo token, CryptoZoo’s cryptocurrency, and animals could be bred to produce hybrids.
The whole thing was a bit mystery box-like. People who bought eggs couldn’t tell what animals they’d get, and also couldn’t tell how rare those animals would be, or how much $Zoo token they’d get when their eggs hatched.
With CryptoZoo-the-nft-collection, it debuted in September 2021, and nearly 3,000 eggs were minted on OpenSea, with a starting mint price of .1 Eth. Buyers understandably anticipated using those eggs in the upcoming promised CryptoZoo-the-game.
Paul introduced the project on his podcast back in 2021. The vision was a hybrid Nft/game project: CryptoZoo-the-nft-collection would launch first, allowing people to buy digital “eggs”; then, once CryptoZoo-the-game launched, the eggs would hatch into (potentially Adobe stock photo-based) jpegs of chimera-esque animals. Hatches generated $Zoo token, CryptoZoo’s cryptocurrency, and animals could be bred to produce hybrids.
The whole thing was a bit mystery box-like. People who bought eggs couldn’t tell what animals they’d get, and also couldn’t tell how rare those animals would be, or how much $Zoo token they’d get when their eggs hatched.
With CryptoZoo-the-nft-collection, it debuted in September 2021, and nearly 3,000 eggs were minted on OpenSea, with a starting mint price of .1 Eth. Buyers understandably anticipated using those eggs in the upcoming promised CryptoZoo-the-game.
- 1/6/2024
- by James Hale
- Tubefilter.com
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