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Controversial @NFT Instagram Co-Founder Back Seeking New Investors
Aaron Avruskin, co-creator of the banned Instagram account “@NFT” is back to gather investors for his latest Lil Baby NFT gaming project titled “Rollies”. The @NFT account was banned on Instagram and Twitter for allegedly promoting scams and NFT projects.
Is the Lil Baby NFT Project a Blanket Sweep?
The @NFT Instagram handle incorrectly listed Mark Cuban as a co-founder of the project. At one point, the handle also used to charge upwards of $100,000 for paid ads. Furthermore, these ads were published without disclosure. The creators of the account were accused of allegedly promoting scams and NFT projects during their time of operation.
One of the co-founders of the account Aaron Avruskin returns with his latest crypto venture. The project is a browser-based cryptogambling with the rapper Lil Baby as a partner/collaborator. Titled “Rollies,” the NFT project has been in development since January 2022, and is currently seeking $6 million in seed funding. The official @NFT account was banned from social media platforms in February 2022.
What does the banned Instagram @NFT founder have to offer?
The pitch deck claims that Rollies has already secured Doodles, Pudgy Penguins, Sappy Seals and other projects as partners in the endeavor. Although some of the founders and teams across these projects have denied these claims. Also, the project promises its holders a “free” Lil Baby NFT release. The deck of the banned @NFT Instagram founder claims that the Rollies project contains between 50,000-100,000 Lil Baby NFTs. The project also aims at sponsored tournament events and more NFT releases as a business model.
To add to this, Rollies also aims to “distribute subsequent funding” and launch a native token. There are no further tokenomics explained in the pitch deck. Another “phase” of the project sees rapper Lil Baby launch a “cultural fund” for the project. The fund looks to help “black and brown” entrepreneurs navigate today’s technology and business world. The Rollies project, as far as VCs are concerned, is
