YouTube star Logan Paul apologises for CryptoZoo project failure



YouTuber Logan Paul has apologised to followers who misplaced cash after investing in his cryptocurrency game, CryptoZoo.The 27-year-old inspired people to purchase cryptocurrency collectables for what he called a "really enjoyable game that makes you money".But greater than a year after its launch, no game has materialised and Paul has apparently deserted the project.Now, in response to a different YouTuber's investigation into the business, Paul says he desires to "make this right".CryptoZoo was launched in 2021 after first being mentioned on Paul's podcast Impaulsive.Paul, who has greater than 23 million YouTube subscribers, said he had spent "probably about one million" dollars on developing CryptoZoo, and had a "massive team behind the project".

The CryptoZoo web site says it is "undergoing upgrades".

In a now-deleted description, it was described as "an autonomous ecosystem that permits ZooKeepers to buy, sell, and commerce unique animals and hybrids. CryptoZoo incorporates cryptocurrency and Non Fungible Tokens (NFTs) right into a simple, enjoyable game with acquainted mechanics".The project sold images of cartoon eggs as NFTs, with the promise that collectors would be able to hatch them into randomly chosen animal images.Collectors would then be able to "breed" their animal images to create new species and win cash in a linked cryptocurrency called $ZOO.In a since-removed project roadmap, many video games were promised in 2022 that would incorporate the animal NFT images however no playable options were delivered.It is not known what number of investors CryptoZoo has, however the project's Discord server has about 500 members.However, after promoting millions of dollars worth of NFTs and crypto coins, Paul stopped speaking about CrytpoZoo and seemingly deserted the project.Paul's team has not responded to the BBC's request for comment.Logan Paul set for Summerslam as he joins WWE

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Last month, cryptocurrency rip-off investigator Stephen Findeisen, known as Coffeezilla on YouTube, started a three-part video series about CryptoZoo, calling it a "scam".The American spoke to investors across the world who claimed to have spent hundreds, sometimes thousands of dollars on CryptoZoo items and were angry at Paul.In his videos, which have had nearly 18 million views, Coffeezilla accused Paul of scamming investors and abandoning them after promoting them "worthless" digital items.On Thursday, Paul posted an angry rebuttal video admitting that he made a mistake hiring "conmen" and "felons" to run his project, however denied the failures were his fault.

He accused Mr Findeisen of getting facts wrong and threatened to sue him.

But on Saturday, Paul deleted his video and apologised to the investigator.He additionally wrote on the CryptoZoo Discord web page that he would be "taking accountability, apologising and coming ahead with a plan within the close to future".No additional particulars have been given about how Paul plans to both reimburse investors or relaunch CryptoZoo.One 34-year-old US man told BBC News he had spent $40,000 (£33,000) on NFT eggs after listening to Impaulsive."At first, all of us thought the project was experiencing a few hiccups - however then the way Logan dragged everybody alongside after which simply deserted it with no phrases is simply wrong," he said."Now, it appears to me that Logan is solely now attempting to make amends after the Coffeezilla videos."I do not need a refund - I'd like to see the project accomplished and Logan do what he said on the very beginning."I do not think it will ever be as big because it might have been - however I think it is important that 'founders' do what they promised investors."Paul has additionally been linked to the failed cryptocurrency coin Dink Doink, which he promoted in June 2021.

Paul first became an web celebrity by importing short video clips to the video-sharing platform Vine, earlier than specializing in YouTube.In 2017 he confronted an enormous backlash over a video which confirmed the physique of an obvious suicide sufferer in Japan.In recent years Paul and his brother Jake, additionally a YouTuber, became skilled boxers with excessive profile and profitable fights against different YouTubers or retired martial artists.Paul additionally launched a model of drinks called Prime and has recently signed a deal to carry out within the World Wrestling Entertainment series.


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