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The dark side of NFTs:
A throwback to the worst art reveals in web3 history🧵👇
(1/22)
A throwback to the worst art reveals in web3 history🧵👇
(1/22)
1. Pixelmon
Pixelmon was marketed as the "highest quality game the NFT space has ever seen."
They made $70 million from their mint.
But then their NFTs revealed...
Pixelmon was marketed as the "highest quality game the NFT space has ever seen."
They made $70 million from their mint.
But then their NFTs revealed...
And they looked nothing like what the team marketed 💀
It was horrible 😂
One person minted a Pixelmon NFT and got literally nothing 🤦
2. Game of Thrones
Game of Thrones is a popular TV show watched by millions of people.
So it was no surprise their NFTs sold out within the first day.
Game of Thrones is a popular TV show watched by millions of people.
So it was no surprise their NFTs sold out within the first day.
But then Game of Thrones NFTs revealed.
And they looked terrible 💀
And they looked terrible 💀
One of the worst cash grabs I've ever seen 😂
3. Atomic Ordinals
Atomic Ordinals was created by an influencer named Elena.
She encouraged people to buy her NFTs for $1,500 as a way to support her for her “endless contributions” to Web3.
But there was a problem...
Atomic Ordinals was created by an influencer named Elena.
She encouraged people to buy her NFTs for $1,500 as a way to support her for her “endless contributions” to Web3.
But there was a problem...
It turns out she stole the art 🤦♂️😂
She even copied the Minecraft slime ball 💀
Her response was that she copied the art because she liked the way it looked 🤦
4. Hape Prime
Hape was one of the most hyped NFT mints of all time.
Their floor price hit ~$30k pre-reveal 🤯
Hape was one of the most hyped NFT mints of all time.
Their floor price hit ~$30k pre-reveal 🤯
But then the Hape NFTs revealed and there were problems 😂
Which became a viral meme on NFT twitter 😂
5. Mekaverse
Mekaverse was the first insanely hyped mint.
At the time they were worth more than Mutant Ape Yacht Club 🤯
But then they revealed...
Mekaverse was the first insanely hyped mint.
At the time they were worth more than Mutant Ape Yacht Club 🤯
But then they revealed...
And Mekaverse didn't live up to the hype.
Many of them looked exactly the same 😂
Many of them looked exactly the same 😂
The floor price immediately crashed.
People were selling there Mekaverse for a $10,000 loss just days after they minted 😮
People were selling there Mekaverse for a $10,000 loss just days after they minted 😮
6. Elementals
Elementals was created by Azuki.
And it's some of the best art in web3.
So what's the problem?
Elementals was created by Azuki.
And it's some of the best art in web3.
So what's the problem?
Well they look exactly like Azuki's original collection 😂
This decreases the demand for Azuki.
Why spend $15k on an Azuki when you can spend $2k on an Elemental and get basically the same art.
Why spend $15k on an Azuki when you can spend $2k on an Elemental and get basically the same art.
Thanks for reading!🙏
Each week I spend 25 hours studying an NFT founder, trader or project and I write a thread summarizing what I learn.
Follow me for more threads like this.
Each week I spend 25 hours studying an NFT founder, trader or project and I write a thread summarizing what I learn.
Follow me for more threads like this.
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