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In a shocking revelation, the NFT founder of Nakamapes has admitted to being paid to manipulate the NFT market. The revelation exposes the dark underbelly of the burgeoning Web3 space, as this confession follows a heated battle between two spin-off NFT projects, Nakamapes and Nakamonkes.
NFT founder’s statement highlights the alleged corruption and toxicity in the NFT space, implicating influencers, internal players in the popular marketplace OpenSea and major Web3 players. According to the founder, he was merely a “tool and a reflection” of the larger problems within the industry.
The Nakamapes founder also accused influencers of fueling FOMO (Fear of Missing Out) among users by hyping up collections, then dumping them later. Some blame marketplaces like OpenSea for allowing scams to thrive as long as they generate revenue.
The founder did not shy away from admitting his role in manipulating the market. He stated, “I have shown you all the flaws in this system.” He also claimed that the majority of platforms and players in the space are only interested in volume, a sentiment echoed in his description of the NFT community as “95% … filled with people who make fun of you every day.”
In a surprising twist, the founder admitted to stealing Nakamonkes’ art, citing their poor marketing as the motivation behind the theft. He sarcastically praised the Nakamonkes project as “A+ Web3.”
As parting advice, the NFT founder warned users against getting too attached to their NFTs. He stated, “They ALL manipulate you, just like I did.” Also, he emphasized the importance of walking away when faced with two projects that claim to be the real deal. The confession painted a bleak picture of the NFT landscape, with users being treated as nothing more than “liquidity exits”.
The situation took an even more dramatic turn then Twitter user claimed that someone hacked the Nakamapes founder’s account. According to the tweet, the person behind the recent revelations may not be the actual founder of Nakamapes. This casts doubt on the legitimacy of the explosive confession.
Nakamapes definitely stole the project, but now the NFT founder of that contract says someone hacked the Nakamapes twitter and it’s not him tweeting.
This development adds another layer of intrigue to an already complex story. It raises questions about the true identity of the person responsible for the controversial tweets. Also whether they really reveal the truth about the NFT market or just sow discord in society.
Nakamape’s NFT founder’s confession was bad enough. Now, coupled with the possibility of a compromised Twitter account, it has introduced even more uncertainty into the already murky NFT market. As the NFT space continues to grow, the need for transparency and accountability becomes increasingly apparent.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.