A boxing struggle between Logan Paul and Dillon Danis scheduled for October 14 could end in a $300,000 money payout for the holder of certainly one of Logan Paul’s NFTs, regardless of holders of his CryptoZoo undertaking ready to be reimbursed $1.8 million.
The NFT “who am i” is the nineteenth that makes up Logan Paul’s 99 originals NFT collection launched in 2022. The NFT perk states that the holder “receives 1% of web income of Logan Paul’s subsequent struggle.”
The proprietor of the NFT is a person referred to as Adum Multz. It offered for 40.25 ETH in June 2022, round $43,500 on the time and price $64,000 at press time.
In an interview, Multz mentioned he expects Logan Paul to make anyplace between $10 million to $30 million. This implies Multz may make between $100,000 and $300,000 from the struggle.
Multz is the proprietor of Ape Yacht Charters, an NFT-themed yacht service. He’s additionally the CEO of a substance abuse restoration agency and the CEO of an web advertising company.
Logan Paul additionally promised that his Originals DAO collective fund, which stands near $2 million, may also obtain 1% of the web income.
Logan Paul’s failed NFT guarantees
Nonetheless, with Paul’s earlier NFT historical past of leaving holders within the mud, Multz might need to mood his expectations.
In 2021, Logan Paul created CryptoZoo. As claimed by crypto sleuth Coffeezilla, the undertaking scammed holders of the $ZOO token out of hundreds of thousands of {dollars}. A lawsuit filed in February on behalf of CryptoZoo holders alleged that the NFT undertaking was a “rug-pull.”
Logan additionally promoted the crypto token Dink Doink to his followers whereas failing to reveal his involvement and possession of Dink Doink tokens.
After public backlash, Paul promised to reimburse CryptoZoo holders $1.8 million in January 2023. Holders are nonetheless ready to be reimbursed.
