Thread by @NFTherder

🚨Finished on-chain analysis of @Pixelmon #NFT: Below are the FACTS & my conclusion on how ppl paid 3E for Unity stock models❗️ And who is Syberer?😱

⚠️Please share to spread awareness ⚠️

WTF is going on with Pixelmon?! ...

Before we start know that this thread has limited space so I'm only covering main issues. My analysis covers:

1) The whole "art" reveal
2) What was done with the funds
3) Who is Syberer?

Lets start ...

1a) Pixelmon was created by @Syberer who made big promises about amazing looking 3D art for his upcoming game. This made Pixelmon sell out their 3E per nft Dutch Auction & generated $70M in sales

No roadmap, trackrecord or reputation. Ofc it sold out!

What happened next?

1b) The reveal was Feb 16th. Which they pushed to the 23rd cause they needed "additional time integrating metadata into OpenSea". However, you don't integrate metadata into OS. That's not how it works

More likely they needed time to make REAL assets

1c) Eventually on the 25th Pixelmon revealed their true designs and Oh Lordi, I wish they didn't😱

I didn't even mint any and I want my money back!

Here's what buyers got 👇👇

1d) Here is a side by side comparison of what was promised vs what was delivered. Some models even were straight up broken

Anyone asking $8500 per #nft knowing this is straight up scamming ppl. So what's going on?

1e) Turns out he bought stock models (by MeshTint Studio) for 159usd and converted them to voxel assets

But don't take my word for it. Here's @syberer actually admitting it 👇

1f) He then hired artist @MalberShart (who does NOT endorse nfts btw) to work on them for LESS than the price of a single Pixelmon mint. And Syberer never told the artists it was for nfts

If he'd known he probably wouldn't have done the work. Absolute scum behavior ...

1g) Some ppl even claim that Syberer copied the game from this indie game dev and used it as the base for his Pixelmon demo:

https://x.com/409Games/status/1473833065273307141

2a) But its all good! After apologizing he promised to spend $2mil of investors money to "fix" the stock art he bought!

However the blockchain shows the 1st thing he did was spend 280E on BAYC, Azuki & CloneX nfts. Swapped out $1.3M & sent another 13E to an exchange 👇👇

2b) But again don't take my word (or the blockchain) for it. He proudly admits this 🤦‍♂️🤦

2c) Also not sure why the original Pixelmon wallet was sending out 42 free Pixelmon nfts to random wallets. Could be nothing, could be something. But afaik this wasn't announced

Not that it really matters since you don't own your Pixelmon nfts anyway ...

2d) That's cause Pixelmon are fully centralized nfts. The "art" and data is stored on their own site

At least its less bad than their OG collection which was created using OpenSea's storefront ..

3a) So who is @Syberer? Taking a closer look we find that he has a history of Kickstarters that've not delivered on their promises

He kickstarted Altar Watches, Psycho Chickens & Slap the Deck. All flooded with complains of never receiving the products 👇

3b) The worst being Slap the Deck, where he got it 100% funded but after receiving the funds rugged because the funds he calculated weren't enough to begin with. Like what the actual f*ck 🤷

3c) When you follow the trail of failed Kickstarters you find his full name and address. Not really any detective work since he willingly doxxed himself to become a Minecraft streamer. Where he routinely streamed for donations:

3d) Coincidentally @PixelmonMod is a very popular Minecraft mod that lets you capture, breed and evolve Pokémon. Sound familiar?

3e) Btw that cool banner used on Syberer's Minecraft page was was created by artist @MathieuBeaulieu for youtuber MogiTheGreat

Seems like he simply removed Mogi's name and didn't give credit to the artist/owner

Which also sounds familiar ...

3f) Syberer has no trackrecord in blockchain, nfts or game dev. Yet promised an amazing Pokémon-clone game & somehow convinced solidity devs @deltadevelopers to get onboard

I assume they didn't do their DD however some ppl say the devs knew 👇👇

3d) So @syberer earned $70m by

- buying cheap stock Unity models
- converting them to voxel assets
- making a one-page site
- got @deltadevelopers onboard for % share
- and selling them for 3E per nft

He has no team, there's no game, this kid has no idea what he's doing. But...

.. if you're crying because you're 1 of the ppl who bought at 3E and are now sitting on a $7366 loss per #nft

Maybe this video of @Syberer crying irl eases the pain a lil. May want to save it before he deletes it ...

Thank you for reading 🧡 Researching & writing these threads take a lot of time

Your support allows me to keep doing this 💪

Share & retweet this thread to spread awareness

Want to learn more about centralized vs decentralized #NFTs? Read my previous thread

https://x.com/NFTherder/status/1493324864819761158

Thread disclaimer: this thread has limited space so I only covered main issues. It's intended for educational purposes and commentary. I do not get paid to write my threads. All information shared is publicly available.

Quoting my initial reaction I think its fair to now conclude it is absolutely terrifying

https://x.com/NFTherder/status/1490807417529061377

@threadreaderapp unroll

https://x.com/NFTherder/status/1498940921542590466

Update:

https://twitter.com/NFTherder/status/1499301658668453889

Update: the PIxelmon con-game story was televised on one of New Zealand's biggest news channels:

https://x.com/NFTherder/status/1499400478114807811

Update: KiraTV a youtuber with over 200k subs made an in-depth video about my Pixelmon thread and shared his views and insights 🙏 130k views so far 🚀

@readwise save

For the record
1news.co.nz/2022/03/03/com…

For the record: Kendrick Wong, who partnered with Pixelmon post-reveal admitted to spending 100E buying the Pixelmon floor prior his announcement. When called out he deleted everything

https://x.com/NFTherder/status/1534116664471691265

Kendrick Wong's deleted tweet

https://x.com/NFTherder/status/1527347195489718274

@threadreaderapp please unroll