NFT-based game CrytpoZoo in soup with allegations of scam

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 NFT-based game CrytpoZoo in soup with allegations of scam
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Highlights 

  • CryptoZoo is a new NFT game release by popular YouTuber, Logan Paul, where users are required to breed and exchange exotic digital animals
  • Since the game’s release on Thursday, users have expressed their frustrations on Twitter, with some going so far as to call the NFT game a “scam”
  • Despite a sharp drop over the weekend, CryptoZoo’s price has risen 63 per cent in the last 24 hours

A new NFT game, CryptoZoo, launched by popular YouTuber, Logan Paul, has had a controversial opening four days.

CryptoZoo, which had been hyped by Paul and highly anticipated by the NFT (non fungible token) gaming community, has even been slammed on Twitter, with some calling the NFT game a scam.

YouTuber, Logan Paul

Image source © Hutchinsphoto | Megapixl.com

What is CryptoZoo?

In CryptoZoo, users are required to purchase digital exotic NFT animals that they can then breed and exchange.

However, users don’t buy the animals upfront. Instead, they’re required to purchase “eggs”, which they must purchase using ZOO – the game’s cryptocurrency .

In August, Paul announced on his podcast that CryptoZoo would go live on September 1, 2021. Due to developmental delays, that date was pushed to September 3. Paul claimed he had worked on the NFT project for six months prior to its release.

Logan, who claims to be an avid supporter of cryptocurrency, said Crypto Zoo would be a game changer in the NFT gaming space.

What are NFT games?

Firstly, non fungible tokens (NFTs) are a type of cryptocurrency that holds data in the form of digital art, music or video files.

NFT games have exploded in popularity this year, with the most popular game – Axie Infinity – being played by tens of thousands across the globe.

Axie Infinity is a game where users breed, battle and exchange little digital creatures known as Axies. The game draws a lot of similarities to the Pokémon game, which gained a huge following in 2015. The difference, though, is Axie NFTs have a monetary price with some being worth hundreds of thousands of dollars.

Image source © Malirvik | Megapixl.com

Price rise despite users venting frustration

Since the game’s release on Thursday, users have expressed their frustrations on Twitter, with some going so far as to call the NFT game a “scam”.

However, the trolling didn’t have any effect on the trading of ZOO. Since opening on Thursday, ZOO’s price hit a low of US$0.0003951 on Sunday before hitting a high of US$0.0004863 later that day. ZOO’s price as of Monday, September 6, 2021 is US$0.000441.

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