• Logan Paul unveiled a $1.5 million recovery plan for the people who invested in his beleaguered nonfungible token (NFT) project CryptoZoo.
• As part of the plan, Logan Paul stated that he will commit 1,000 ETH to repay disgruntled investors that want to make an exit via burning their CryptoZoo NFTs.
• Paul and his manager/CryptoZOO co-founder Jeff Levin will burn their ZOO token holdings to supposedly increase the value of the token.

Popular YouTuber Logan Paul has recently announced a $1.5 million recovery plan for his CryptoZoo nonfungible token (NFT) project. In a recent video shared via Twitter, Paul stated that he will commit 1,000 ETH to compensate those investors who want to make an exit via burning their CryptoZoo NFTs. Furthermore, Paul and his manager/CryptoZOO co-founder Jeff Levin have also stated that they will burn their ZOO token holdings to supposedly increase the token’s value.

The primary goal of the recovery plan is to make things right with fans and investors of the NFT project. Paul stated that he is no longer looking to sue fellow YouTuber Coffeezilla for his accusations, as this will not help CryptoZoo holders. Instead, he is focused on fixing CryptoZoo and delivering on the roadmap.

The first phase of the plan involves Paul and Levin burning their ZOO token holdings, so that they have no financial upside in the game and so that the token supposedly has more value. The second phase entails Paul committing 1,000 Ether as part of a rewards program that enables “disappointed” investors to burn their NFTs to get the initial 0.1 ETH ($150) mint price back.

Overall, the recovery plan proposed by Logan Paul is a step in the right direction to help those investors and fans who have been negatively impacted by the CryptoZoo NFT project. It remains to be seen how successful the plan will be, but it is certainly a positive sign that Paul is taking steps to make things right and to provide a way for those investors to get back some of their money.

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