YouTuber and controversial online celebrityLogan Paulhas published a video apologizing for the ongoingCryptoZooissues and detailing a 3-step plan to address things going forward. A series of videos fromYouTuberCoffeezilla recently triggered a fiasco, alleging that Logan PaulCryptoZoogame was a scam that defrauded investors and prospective players. Paul responded harshly to these videos, threatening to sue Coffeezilla, but Paul has now taken back those claims and appears to be seeking an amicable solution for everyone involved.For those unfamiliar,CryptoZoois a cryptocurrency and NFT-based projectthat Logan Paul started and pitched to his YouTube and online following. Players would be able to purchase eggs with cryptocurrency, and then hatch and breed them withinCryptoZoo. These could be sold, allowing players to make potentially make money. However,CryptoZoo’s token crashed after players initially invested and the game – which was supposed to launch in 2022 – has yet to be made.RELATED:Ludwig Comments on Logan Paul Pig ControversyLogan Paul, who started the project, has now released a videoapologizing both to Coffeezillaand for the way toCryptoZooscandal “has unfolded thus far.” Logan Paul first says that his response to Coffeezilla’s videos was an “ego flare” and that he was defensive because he’s “never scammed anyone with this project.” He then closes with an apology for the entire situation, saying he wants his fans to know they can trust him.
The bulk of Paul’s video is spent detailing what will happen going forward via a 3-step plan. Step one of the plan is forLogan Pauland his manager Jeff Lavin to “burn” theirCryptoZootokens so that they no longer have any financial upside in the game. Step two is to launch a “rewards program” allowingCryptoZooegg buyers to refund their purchase for their initial price of .1 Ethereum. Paul is investing 1,000 Ethereum himself in this, which is above $1.5 million at this point.
To the surprise of many, step three of Paul’s plan is to finishCryptoZooand deliver it to players. He goes on to explain the specific functionality still planned forCryptoZoo, which is oddly labeled with fine print on the video noting that details are subject to change. Still, forCryptoZooearly adopters who have somehow not lost hope in the project, it’s something. Considering the wayNFT and cryptocurrency value is seen nowversus in 2021, however, it may be time to take Paul’s offer of a refund.
What’s still tragic about the situation is that, as fair as Paul’s offer of “rewards program” refund may seem, Ethereum was much higher value whenCryptoZoobegan selling eggs. The refunded Ethereum will have less than 50% the value it had when first spent. However, that’s likely still much more valuable than aCryptoZooegg is now, and Ethereum can always grow in value in a wayCryptoZoo’s offerings may never. WhetherLogan Paulis forgiven for the situation is unpredictable, but at least this is some form of recompense forCryptoZoosupporters.
