The Cryptocurrency world is full of people who are looking to get rich quickly with little to no effort. The equation seems simple; buy a coin at a dirt cheap rate, watch that coin skyrocket, and then cash out. With something that simple there are going to be people lurking in the shadows waiting for opportunities to take advantage of traders. In comes Logan Paul and his team that created CryptoZoo.
#CryptoZoo was meant to be a game that the players could make money on by buying a token called ‘$Zoo’, turning that in for eggs, which would then hatch into unique animal NFT’s. Once you had enough NFT’s you could start breeding them to make impossible offspring and the more rare the combination the more the #NFT would be worth. You could liquidate your NFT OR purchase more $Zoo and repeat the cycle.
Sounds like a fun little game but the problem is that it never worked as intended. Even a year later there are still issues and it all starts with the team that created this idea. Logan Paul hired a team of individuals to head this project and all of them turned out to be not who they said they were. The drama is high school level with a lot of he said/she said going on which would usually be mildly entertaining but this time the lies and backstabbing cost investors millions of dollars.
There are pending litigations involving CryptoZoo since there are several people claiming to be owed a lot of money for development of CryptoZoo. It will be interesting to see how this all plays out. What are your thoughts on CryptoZoo? Do you think #LoganPaul is as innocent in this as he claims? Let us know in the comments and thanks for watching!
CHAPTERS:
00:00 Intro
00:16 The Founding of CryptoZoo
01:58 The Fall of CryptoZoo
04:25 Logan Paul’s Statement
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Written by: Nathan Council
Narrated by: Nathan Council
Edited by: Gonzo Lugo
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