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Logan Paul has been a celebrity cash-grab clown in the NFT space. He co-created CryptoZoo which turned out to be an epic fail.
“CryptoZoo did not mark any immediate change in fortune for Paul’s investors. Shortly after the project was announced, internet detective Coffeezilla revealed that its so-called original artworks of hybrid animals were in fact poorly edited stock images taken from Photoshop’s image library. ‘Basically it’s looking like what happens when you give a five-year-old Photoshop,’ said Coffeezilla, on his YouTube channel on Sept 10.
According to Coffeezilla, Logan Paul netted $1.8 million from the project before launch.
However, problems with the initial development team including accusations of unpaid wages led to further difficulties and a minting process that was far from smooth. While many initial investors have gone on to brand CryptoZoo as either a scam or a rug pull, Paul argues that the project is neither.
"We got ourselves involved with the wrong people who made some errors and blunders’ said Logan.”
ZachXBT sums it up pretty well in this Twitter thread.
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