Logan Paul Offers to Buy NFT Tokens from CryptoZoo Owners
Date: 2024-01-06 Author: Dima Zakharov Categories: BUSINESS
In a surprising move, YouTuber Logan Paul has expressed his intention to spend over $2.3 million to acquire Base Egg and Base Animal NFT tokens from anyone who had intended to play CryptoZoo. Paul, like many others, expressed disappointment that the game's release never materialized.
To sell their NFTs, owners must visit the EGGNFTBUYBACK website, agree to the program's terms, provide personal information, and specify the address of their cryptocurrency wallet where the tokens are stored. The deadline for submitting token buyback requests is February 8th. Subsequently, NFT holders will receive an email containing the address of a crypto vault where they must transfer their tokens within 30 days.
For each Base Egg and Base Animal token, a payout of 0.1 ETH (equivalent to $224 at the current exchange rate) will be made. NFTs from the Hybrid Animals collection and CryptoZoo's digital assets (ZOO) will not be repurchased.
CryptoZoo, originally designed to be the in-game native cryptocurrency, has suffered a nearly 99.99% depreciation from its all-time high. This drastic drop in value followed the news of the CryptoZoo project's cancellation.
