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Logan Paul Initiates Buy-Back Program for CryptoZoo NFT Investors

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Logan Paul Initiates Buy-Back Program for CryptoZoo NFT Investors

  • The program will be supported by $2.3 million that he is personally contributing.
  • For every qualifying NFT submitted, participants would get 0.1 ETH.

After promising NFT purchasers a year ago, YouTuber and social media personality Logan Paul is now going to pay out some of the disappointed investors in his formerly lofty CryptoZoo NFT game.

Moreover, for everyone who planned to play CryptoZoo, Logan has announced a “buy back” scheme that would repurchase Base Eggs and Base Animals at their original purchase price. Also, the program will be supported by $2.3 million that he is personally contributing.

Some Relief for Investors

Never launched, CryptoZoo was a play-to-earn game where users could use cryptocurrency to purchase, sell, breed, and trade “exotic animals” (representing NFTs). In August of 2021, Paul made the first announcement.

Furthermore, tokens for the daily ZOO may be earned by breeding “Base Animals,” which could be produced from “Base Eggs” that players could purchase. There have been 3,009 Base Egg trades on OpenSea, with a total value of around $6.7 million. One may submit your claims for the buy-back scheme up to February 8th at “EGGNFTBUYBACK.COM,” Paul said.

Also, the terms and conditions state that for every qualifying NFT submitted, participants would get 0.1 ETH. After being declared eligible, claimants must keep their qualifying NFTs in their wallets. Participants in the buy-back scheme would also be required to forgo all claims against Paul and any associated employees, whether present or future, per the conditions.

Paul emphasized that investors holding CryptoZoo (ZOO) tokens would not be reimbursed under the buy-back campaign, and the guidelines indicated that hybrid animal NFTs will not be eligible for the buy-back as well.

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