A boxing fight between Logan Paul and Dillon Danis scheduled for October 14 could result in a $300,000 cash payout for the holder of one of Logan Paul’s NFTs, despite holders of his CryptoZoo project waiting for a $1.8 million refund.
The “who am I” NFT is the 19th to join Logan Paul’s 99 original NFT series released in 2022. The NFT benefit states that the holder will receive “1% of the net revenue from Logan Paul’s next fight.”
The owner of the NFT is a man named Adum Multz. It was sold in June 2022 for 40.25 ETH, about $43,500 at the time and worth $64,000 at the time of writing.
In an interview, Multz said he expects Logan Paul to make somewhere between $10 and $30 million. This means Multz could make between $100,000 and $300,000 from the fight.
Multz is the owner of Ape Yacht Charters, an NFT-themed yacht service. He is also the CEO of a substance abuse recovery company and the CEO of an internet marketing agency.
Logan Paul also promised that his Originals DAO collective fund, which is almost $2 million, will also receive 1% of net revenues.
Logan Paul’s Failed NFT Promises
But given Paul’s previous NFT history of leaving holders in the dust, Multz may have to temper his expectations.
In 2021, Logan Paul created CryptoZoo. As crypto sleuth Coffeezilla claims, the project has defrauded holders of the $ZOO token out of millions of dollars. A lawsuit filed on behalf of CryptoZoo holders in February alleged that the NFT project was a “back-pull.”
Logan also promoted the crypto token Dink Doink to his fans, while not disclosing his involvement and ownership of Dink Doink tokens.
Following public backlash, Paul pledged to refund CryptoZoo holders $1.8 million in January 2023. Holders are still waiting for refunds.