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Neighborhood members have reacted to YouTuber Logan Paul’s buyback announcement, delivering on his year-old promise to refund the disgruntled buyers of his nonfungible token (NFT) mission CryptoZoo.
The NFT mission was presupposed to be a play-to-earn (P2E) recreation that lets gamers purchase, promote, breed and commerce animals with crypto. The YouTuber introduced the mission in August 2021, however the recreation was by no means launched. This sparked allegations of fraud and led to a class-action lawsuit in opposition to the movie star.
All through the controversy, a number of commentators referred to as out Paul to make the buyers entire. They’ve additionally stored a watchful eye on the progress since Paul promised refunds nearly a 12 months in the past.
On Jan. 4, Paul lastly shared a web site that lets the NFT holders take part in a $2.3-million buyback program, the place Paul would repurchase the NFTs at their unique worth. In keeping with the YouTuber, claims might be submitted on the web site by means of Feb. 4.
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Whereas the information seems optimistic for individuals who purchased the NFTs, some consider there’s an ulterior motive behind Paul’s transfer. YouTube sleuth Stephen Findeisen, higher often called “Coffeezilla,” posted on X (Twitter) to flag a disclaimer on the web site saying that buyback program members are “waiving any precise or anticipated claims” in opposition to Paul and CryptoZoo.
Making a video on the Logan Paul scenario: i am tremendous comfortable a few of the victims will get refunded 1 12 months later.
however let’s not fake there is not ulterior motives. Logan is being crushed in a lawsuit proper now. As regular he is making an attempt to save lots of his personal pores and skin. pic.twitter.com/ESmeE8gP1x
— Coffeezilla (@coffeebreak_YT) January 5, 2024
In the meantime, others celebrated the transfer as a win for the group. Crypto content material creator Mason Versluis celebrated the truth that Paul is formally refunding CryptoZoo buyers. The content material creator added that mainstream celebrities “can’t simply mess around within the Web3 house with no accountability.”
YouTuber Erling Mengshoel Jr., extra generally often called “Atozy,” gave a shoutout to commentary channels that held Paul accountable. In keeping with Mengshoel, who has nearly 1.5 million subscribers on YouTube, this wouldn’t have occurred with out them.
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