- YouTuber Logan Paul launched an NFT crypto game that failed.
- Paul blames former partners, maintains he lost money on CryptoZoo himself.
- Though advertised as a playable money-making game, CryptoZoo never materialized amid developer nonpayments.
The background story
YouTuber and influencer Logan Paul launched an NFT project in 2021 called CryptoZoo, marketed as a Pokémon-inspired game where players could collect and breed digital animals.
However, the ambitious project failed to materialize as promised. Now facing backlash and a class action lawsuit, Paul has announced he will personally refund over $2.3 million worth of NFT “Base Eggs” and “Base Animals” sold through CryptoZoo.
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Refunds and legal stipulations
To get the refund, buyers must submit claims by February 8th and crucially agree not to pursue any legal action against Paul related to CryptoZoo.
On social media, Paul maintains he never profited from the project, instead losing hundreds of thousands trying to develop the failed game. He blames “bad actors” and former partners, filing a cross-claim lawsuit against two involved individuals.
Unfulfilled promises
Initially advertised as a fun, money-making game, CryptoZoo sold NFT eggs that were supposed to hatch into collectible digital animals. Players would then breed the hatched animals to produce new hybrid NFT creatures.
However, developers quit over non-payment issues, and the game was never completed.
Paul contends that regulatory requirements make releasing it impossible. He maintains the buyback lets him fairly refund those interested in playing CryptoZoo, not crypto investors who “gambled and lost.”
The terms require waiving legal claims against Paul, likely an attempt to limit damages from the class action lawsuit alleging fraud.
