The founder of the NFT game CryptoZoo: funds will be invested for NFT buybacks, and users can submit claims before February 8

2024-01-05 11:19:25

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ChainCatcher news, NFT game CryptoZoo founder Logan Paul posted on X that he will personally invest over $2.3 million to buy back NFTs purchased through CryptoZoo. Users can submit claims online until February 8. Paul stated, "I have never made a dime from this project. In fact, the opposite is true, as I have spent hundreds of thousands of dollars to bring this project to life," Paul said in the post. "Like you, I am very disappointed that the game has failed to deliver."

Each eligible NFT (i.e., "base egg" and "base animal") will receive 0.1 ETH. The terms and conditions of the form state that any submitted NFT that Paul "determines at his sole discretion to be ineligible" will not be refunded. To qualify for a refund, claimants must also agree to waive any "actual or anticipated claims against Paul"—which means promising not to take legal action against him related to CryptoZoo.

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