DaoMaker disproves Logan Paul with Degen Zoo NFT Game
DaoMaker founder Christoph Zaknun has built an NFT game, Degen Zoo, based on Logan Paul’s abandoned project CryptoZoo, a highly anticipated Web3 crypto game that failed to meet community expectations. Degen Zoo has launched on Ethereum (ETH-USD) and simulates the impact of capitalism on animal extinction.
CryptoZoo – What Happened?
In particular, Paul Logan has now used his fame to promote two NFT projects that failed to deliver on their promises. After being involved in the Dink Doink pump-and-dump scheme, he began promoting his own NFT game, CryptoZoo.
The project showed promise and quickly raised millions of dollars in NFT sales and token investments, likely due to Logan’s involvement. The NFT eggs should provide their owners with a passive income stream after hatching.
But when the day came to hatch the eggs, half of them didn’t work. Logan’s promises turned out to be empty. Furthermore, as revealed by Coffeezilla on YouTube, Logan also worked with questionable individuals who sold tokens on the back end, leading to widespread disappointment, anger and even accusations of fraud among investors.
In the end, Logan promised to fix the problems with the eggs and make the project successful. However, investors remain skeptical and the project has yet to regain the momentum it once had.
The CryptoZoo game has still not been released and the token value has dropped significantly since its peak in August 2021.
Live development on Twitter
After receiving criticism from Zaknun regarding the time it took to complete the game, Paul released a video saying that he had no right to dictate the necessary development timeline. Zaknun then committed to proving him wrong by building the game within 30 days and donating all profits to charity.
Degen Zoo is an NFT game that forces players to balance their needs with the needs of the world’s most endangered species. It simulates humanity’s environmental impact and features 120 exotic creatures, such as the white rhinoceros, the amur leopard and the Bengal tiger.
The game pushes players to “kill” their NFT animal (burn the NFT), drive the collection to extinction, and raise awareness of the effects of human greed on wildlife.
Interest in Degen Zoo increased during the development phase, aided by Zaknun’s decision to broadcast daily updates of his progress on Twitter. Over 250,000 people followed the Degen Zoo Twitter account, and hours before the deadline for the 30-day challenge, the first test web version of Degen Zoo was released. Over 30,000 test web transactions were collected in days by 3,000 players eager to experience the game.
Zaknun started working on the game as a joke, but has now moved on to the main web release of Degen Zoo. It has evolved from an unusual concept into a viable experiment in game theory and human psychology.
The Degen Zoo token and game theory
The game uses a deflation symbol (DZOO) and an NFT collection of 120 endangered species. DZOO serves as the primary currency in the Degen Zoo game, where any action necessitates the use of DZOO, either by removing it from circulation or by burning it completely.
To grow eggs, users need to stake DZOO tokens. The more tokens they commit and the longer they stake them, the more eggs they earn. There are 24,000 eggs in the collection, and while the initial egg inflation rate is high, it decreases with each egg required.
To hatch an egg, users must burn 25,000 DZOO tokens; only then will their egg hatch and their animal be revealed. Each animal can mint new tokens, with a 20% chance of minting less than 25,000 DZOO and a less than 3% chance of minting 125,000 DZOO or more.
Similar to staking, animals must reach maturity before users can “kill” them for more DZOO profits. To begin with, players have to wager 25,000 tokens, after which they will learn their Annual Percentage Rate (APR).
The moral of the story
The story of Logan and Degen Zoo highlights the importance of honesty and trustworthiness in business and personal relationships.
Paul Logan’s involvement in pump-and-dump schemes and failure to deliver on promises made in his NFT projects have damaged his credibility, leading to widespread disappointment and accusations of fraud among investors. This story emphasizes the importance of being truthful, transparent and responsible in all aspects of life, especially in business.
Mediation
