Degen Zoo, an NFT recreation modeled on the failed Crypto Zoo undertaking by Logan Paul, is flourishing with over 115 wallets registered to affix the sport in just below 30 days of improvement. This success comes after the YouTube influencer allegedly rugged Crypto Zoo, citing the necessity for a number of years and tens of millions of {dollars} of funding required to develop the undertaking. However what was Crypto Zoo all about?

Logan Paul created an NFT project called Crypto Zoo that he later rugged
Logan Paul, creator of Crypto Zoo, claimed it might take years to construct the undertaking
Picture Credit score:

What’s Crypto Zoo?

In August 2021, Logan Paul began utilizing his large on-line following to promote Crypto Zoo. Paul described it as “a extremely enjoyable recreation that makes you cash.” Impressed by Axie Infinity, consumers may purchase NFTs to breed unique animals that provided totally different yields within the recreation’s ZOO token. The project minted out 10,000 NFTs for an approximate complete of $4m.


As time went on, improvement stalled and the sport by no means really got here out. The ground of the gathering at the moment sits at .065 eth.

Marketing tweets for NFT project Crypto Zoo
Advertising and marketing for Crypto Zoo, now defunct NFT undertaking created by Logan Paul
Picture Credit score:

One other media persona and self-described rip-off detective, Coffeezilla, revealed a 3-part expose on YouTube in regards to the undertaking in late 2022. Coffeezilla accused Paul of utilizing his platform to use his followers. Paul responded by promising to refund proceeds from the undertaking. He once more blamed the undertaking’s failure on large quantities of money and time required to provide the sport.

On Joe Rogan’s podcast this week, nonetheless, Coffeezilla said that Logan Paul has not refunded any of the cash but.

What’s Degen Zoo

As a troll of Logan Paul, Cristoph Zaknum got down to construct a recreation modeled on Crypto Zoo’s idea in simply 30 days. In Degen Zoo, gamers burn NFTs of 120 totally different endangered species for monetary acquire to simulate capitalism’s impression on animal extinction. It’s a fancy recreation, nonetheless in a testomony to Zaknum’s skill as a Web3 builder, he completed his purpose. He managed to publish Degen Zoo to testnet hours earlier than the 30 day deadline.

Throughout improvement, Zaknum posted each day updates of his progress and raised over $700m in pledges from over 115k distinctive wallets. The cherry on prime although was Zaknum’s promise to donate all proceeds from Degen Zoo to assist shield endangered species, a stark distinction to the YouTube star’s refusal to refund the cash he gained from Crypto Zoo.

Oftentimes, we’re reminded that celebrities are right here to take from Web3. They arrive, extract worth, and go away.  Logan Paul matches this sample along with his failed Crypto Zoo undertaking. By donating the proceeds of Degen Zoo to charity, Cristoph Zaknum personifies precisely who we needs to be supporting as a group as a substitute.




All funding/monetary opinions expressed by are usually not suggestions.

This text is instructional materials.

As all the time, make your personal analysis prior to creating any form of funding.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *