NBA Gamers Get Concerned in a $1.4M NFT Rug Pull
- NBA gamers get entangled in a rug pull.
- The rug pull acquired to nearly $1.4 million.
- It was primarily based on Gamers Solely, an NFT launchpad.
Skilled athletes Michael Carter-Williams, Jerami Grant, Gary Harris, Marcus Zegarowski, Terrence Ross, Dennis Smith Jr., and Lance McCullers Jr. acquired concerned in an enormous NFT rug pull.
The information concerning the rug pull surfaced in a collection of tweets by an account underneath the identify “ZachXBT”. The primary twee stated that the athletes acquired concerned in a $1.4 million NFT rug pull by way of Gamers Solely, an NFT launchpad.
The second tweet stated that Gamers Solely was launched again in early December 2021 by way of Doge Pound launchpad. It additionally acknowledged that the launchpad marketed itself as “NFTs for sports activities followers from the gamers” with utility, equivalent to metaverse/IRL occasions, merch, autographs, and giveaways — all of which every athlete founder can be carefully concerned.
As talked about within the third tweet, the availability was set to 10,000 and was decreased to 4,456 NFTs however nonetheless introduced in $1.4m. The tweet additionally talked about that the workforce went so far as saying that each holder will get to win one thing.
Every of the athletes tweeted a number of occasions to hype up the mission upon launch. Based on the fifth tweet, which says, “Proper after minting concludes, the funds get transferred away to every of the athletes, Doge Pound, and the opposite workforce members Brooks/Drew.”
ZachXBT additional narrated what had occurred:
The primary few weeks go okay then in February issues start to go poorly. Individuals don’t obtain giveaways, athletes are by no means hanging out or within the Discord, mods give up, excuses pile up and delays start to occur. Fairly the opposite to all of the utility promised.
The writer additionally talked about that there have been individuals who declare to didn’t get something from what was promised to them.
7/ Listed here are some complaints of individuals not receiving something. There have been few folks that really acquired something which is evidenced by the quantity of complaints generally chat. pic.twitter.com/hL2mve8pRY
— ZachXBT (@zachxbt) June 8, 2022
The identical idea went on for the subsequent two tweets, but the final tweet stated, “It’s clear the athletes haven’t put wherever close to $1.4m into the mission. So many holders haven’t acquired gadgets/occasions from giveaways they’d gained whereas athletes profited 5-6 figs every. It’s unhappy to see athletes from @NBA @MLB screw over followers like that w/o being reimbursed.”
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