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Highlights
- CryptoZoo will act as an autonomous platform for users who will be able to breed and collect animal NFTs.
- Logan Paul, an American YouTuber, has been working on the CryptoZoo project for over six months.
- CryptoZoo native token $ZOO will be used to buy NFTs and breed animals through NFT eggs.
American YouTuber Logan Paul is set to officially launch his new crypto project called CryptoZoo, something that he has reportedly been working on for the past six months.
The move comes as a surprise to some cryptocurrency enthusiasts as Mr Paul is generally known to hold a huge interest in the field of boxing. The YouTuber has previously made his name in that field, and it seems now that he has shifted his interests to the cryptocurrency ecosystem.
In a video, Mr Paul addressed his followers and said that his upcoming project would 'change the game' in the rapidly evolving industry.
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What is the CryptoZoo project?
The project is set to be for non-fungible tokens, or NFTs, where CryptoZoo will act as an autonomous platform for users who will be able to breed, collect and even trade hybrid animals in the form of NFTs.
To buy these NFTs, CryptoZoo's native utility token $ZOO will be used. Also, if the users want to breed new animals, they will have to purchase NFT eggs using the same utility token.
Source: © Justlight/Megapixl.com
Breeding hybrid NFT animals through the eggs will allow the users to yield $ZOO tokens and, in return, can help them achieve profit.
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According to the project's website, the launch is set to happen on September 1. Interested investors will be offered a discount of 10 per cent on NFT eggs if bought with a $ZOO token on the launch day.
At the time of writing this, $ZOO token price was US$ 0.00044469 per token, with a 24-hour trading volume of US$ 3.011 million.
CryptoZoo token has surged by 3074 per cent in the last 14 days. Once the project is launched officially, $ZOO token price could soar up to US$ 0.0006 apiece by the end of this year.
Bottom Line
NFTs have boomed since the beginning of this year with Jack Dorsey, the founder of Twitter, selling his first tweet as an NFT for over US$ 2.9 billion. CryptoZoo can capitalize on this trend and gain investors' attention in future.
