NBA player co-founded an NFT community
When Players only launched last fall, it had been billed as a new NFT professional, co-founded by Michael Carter-Williams, backed by alternative professional athletes, who could enable investors who bought non-fungible tokens to trade with them face to face. to face and through the online community built the project up. But this spring, the project had erupted. Conversations on the Discord server, a digital platform for voice, video and text, had slowed down. Associate in Nursing April AMA session focused on the project’s founders hearing complaints from NFT holders. A protracted lag of giveaways designed.
The NFT community still exists
the main criticism was that the community that was marketed was not actualized. Players had raised about $ 1.5 million in NFT sales alone, but the tools for interactions and events NFT homeowners say they had joined were few and far between. Of the seven talented athletes who were named on Players Alone’s website as starting members, six rarely showed up to speak on the Discord channel.
In mid-May, regarding 5 months when Players Only launched mercantilism non-fungible tokens for the first time, a shadow server was created on Discord for some of the project’s NFT holders. It had been for invitations only and was to be an area where this sect could make complaints about the project and ultimately preserve evidence in case the NFT project should go wrong.
When Players’ co-founder Brooks Brown announced in June that the project was shut down, dozens of members had already spent weeks wondering if they had been scammed. to fulfill all their promises. They wondered where all the money had gone, for one purpose NFT had $ 1.5 million in sales, but by February 17, NFT had only $ 2,500.
At the same time, they wondered why they had received so little in return, one NFT value 0.08 ETH when they were oversubscribed, or about $ 350. Just before the end of the project, they were sold on OpenSea, a secondary market, for around 23 dollars.
The channel of disagreement for society is lit.
The project’s Discord chat lit up with anger when it had become clear that only players had finally stepped out, and gallows humor that a minimum of words about the countless problems the project contained would be made public.
However, Brown’s update was simply the start of a turbulent week for players exclusively and for Carter-Williams. Within a few days, the project would be revived and then shuffled off to a major NFT operation, while Carter-Williams tried to rehabilitate his reputation, giving reimbursements to people who reached out to him.
The explosive changes came on a constant day when The Athletic spoke to Carter-Williams, June 9, regarding the project’s problems, and the player’s sole was already set for sunset. In the conversation, he denied all the malicious intentions he mentioned above, the project simply failed.
