Degen Zoo, an NFT recreation modeled on the failed Crypto Zoo challenge by Logan Paul, is flourishing with over 115 wallets registered to hitch the sport in slightly below 30 days of growth. This success comes after the YouTube influencer allegedly rugged Crypto Zoo, citing the necessity for a number of years and thousands and thousands of {dollars} of funding required to develop the challenge. However what was Crypto Zoo all about?
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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 very enjoyable recreation that makes you cash.” Impressed by Axie Infinity, consumers might purchase NFTs to breed unique animals that supplied totally different yields within the recreation’s ZOO token. The challenge minted out 10,000 NFTs for an approximate whole of $4m.
As time went on, growth stalled and the sport by no means really got here out. The ground of the gathering at present sits at .065 eth.
Picture Credit score: NFTnow.com
One other media character and self-described rip-off detective, Coffeezilla, revealed a 3-part expose on YouTube in regards to the challenge in late 2022. Coffeezilla accused Paul of utilizing his platform to use his followers. Paul responded by promising to refund proceeds from the challenge. He once more blamed the challenge’s failure on large quantities of money and time required to provide the sport.
On Joe Rogan’s podcast this week, nevertheless, 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 affect on animal extinction. It’s a fancy recreation, nevertheless in a testomony to Zaknum’s potential as a Web3 builder, he completed his aim. He managed to publish Degen Zoo to testnet hours earlier than the 30 day deadline.
Throughout growth, Zaknum posted every day updates of his progress and raised over $700m in pledges from over 115k distinctive wallets. The cherry on high although was Zaknum’s promise to donate all proceeds from Degen Zoo to assist defend 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 together with his failed Crypto Zoo challenge. By donating the proceeds of Degen Zoo to charity, Cristoph Zaknum personifies precisely who we must be supporting as a group as a substitute.
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