Logan Paul sued by CryptoZoo investors ⚖️

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gm everyone!

Welcome to today’s newsletter.

Here is a breakdown of the bombshells that dropped recently:

No Rug’s best picks

• ⚖️ Logan Paul sued by investors over alleged scam project CryptoZoo

• 🕛 Equinoz’s NFT collection ‘Cybernetics’ SOLD OUT in 4 minutes

• 🤝Notable Live and ebay partner to launch an NFT collection for sports fans

HEADLINES

Crypto companies lay off more workers citing harsh market conditions

• Billionaire Charlie Munger criticizes crypto (crypto.news)

• The world’s first physical NFT store opens in Dubai (cointelegraph)

• Yuga Labs hires Jeremy Goldman as the new BAYC copyright license holder (nft.news)

• Steve Aoki and Seth Green link up with web3/NFT content platform ShibuyaXYZ (nft evening)

• Solana DeFi protocol Everlend Finance shuts down due to decreasing liquidity (crypto.news)

• Crypto Zoo victims sue Logan Paul over alleged NFT rug pull (Watcher Guru)

• Cool Cats Announce New Strategic Direction and Rebrand (nft evening)

• OpenSea launches Suite of New Tools for Creator NFT Drops (coindesk)

• Marathon Digital Sells Mined Bitcoin for First Time to Monetize Recent Rally (yahoo finance)

• Bitcoin Ordinals encounters explicit images days after launch (crypto.news)

What else we have uncovered:

• NFTs and metaverse set to transform Brazilian tech landscape (nft.news)

• The potential of NFTs in the education sector (nft news today)

• How does the inflation rate affect the cryptocurrency market? (crypto files)

• How AI can make the metaverse a more interactive space (cointelegraph)

• Financing infrastructure for a sustainable future: a blockchain solution (crypto.news)

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Without Further Ado, Here's No Rug’s news breakdown

Logan Paul Sued by CryptoZoo Investors

Popular Youtuber Logan Paul is facing legal issues after CryptoZoo investors, led by plaintiff Don Holland filed a class action lawsuit. The victims claim that Logan, alongside other CryptoZoo execs, used Logan’s publicity to market the scam project and drain money from investors.

Here is what we know about CryptoZoo:

• CryptoZoo NFT game surfaced through an announcement made by Logan Paul

• Logan continuously encouraged his followers to buy into the project

• The project stopped due to boycotts by coders who had not been paid

• Coffeezilla released a lengthy investigation documentary on CryptoZoo’s failure

• Logan Paul apologized to Coffeezilla and his followers who fell victim

• Investors have taken the case to court for compensation.

Equinoz’s NFT Collection ‘Cybernetics’ SOLD OUT in 4 Minutes

Equinoz’s NFT collection sold out in just 4 minutes after its debut in an online auction.

Here is what we know about Cybernetics:

• The auction was hosted on the Playnomm NFT marketplace on Jan 31.

• The auction was held on behalf of Equinoz, a famous 3D NFT artist.

• The collection launched among three NFT projects scheduled for NFT Korean Festivals.

• The first project is ‘Light in the Shadow’, an artwork from Shavonne Wong that sold for 65,800LM (approximately $26,766).

• Equinoz’s Cybernetics is second, followed by Davey Perkins’ scheduled release on Feb 16.

Notable Live and eBay Partner to Launch an NFT Collection for Sports Fans

Notable Live is working in close ties with eBay to launch limited edition NFTs and virtual player merchandise on the platform.

Here is what we know about the partnership:

• The partnership will combine eBay’s collectible marketplace with an immersive experience facilitated by Notable Live

• EBay’s venture capital arm, eBay Ventures, led Notable Live’s Series A round of funding

• It’s not yet clear which blockchain Notable Live’s NFTs will be issued on

• The two companies are working on multi-year cooperation.

• eBay’s partnership with Notable Live marks its next step in the digital collectible space.

Artist Spotlight

Klara Vollstaedt is an upcoming Canadian NFT artist whose digital art collection touches on different aspects of life. Her latest NFT collectibles have featured several themes, including connection, loss, and social relations. Her artworks also feature a sense of humor to entertain her followers and blossom her creativity against other NFT artists.

You can find her collection on foundation.app.

Essential links: Instagram Twitter

Meme Drop

• Crippled firm Celsius plans a strategic recovery 

• Andrew Tate vs SB Fraudman

• Sam Bankman Fraud Released 😱

• Sam Bankman “Fraud” aka The Hairy Plotter Arrested

Follow the team: Olumide Gbenro, Chris Hauser, Sandro IEVA 

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