This Week in Startups Logan Paul & CryptoZoo’s alleged scam breakdown with Coffeezilla + Ok Boomer with Em Herrera | E1652
Jan 6, 2023
Coffeezilla, an investigative journalist known for exposing online scams, dives deep into the allegations surrounding Logan Paul and the CryptoZoo project. He discusses red flags, accountability issues, and the impact of deception in the crypto space. Em Herrera, an investor at Knight Ventures, follows with insights on Gen Z consumer trends and their complex relationship with online influencers and shopping. Together, they unpack the ethical dilemmas of promoting unverified projects and the need for better transparency in the creator economy.
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Coffeezilla's Personal Scam Origin
- Coffeezilla shares his personal motivation rooted in witnessing scams affect his family and friends.
- His mother's cancer treatment was overshadowed by grifters selling false cures, fueling his passion to expose scams.
CryptoZoo's Failed Promise
- CryptoZoo promised a blockchain game yielding NFTs that generate passive income.
- Despite millions invested, the game development stalled, and the yield mechanism never materialized.
The NFT Speculation Reality
- NFTs claiming to generate money without actual gameplay tend to be scams.
- Those profiting are usually creators or marketers, not typical buyers trading NFT assets.