Unexpected news has undermined confidence in the NFT community. Before launching the successful Azuki NFT collection, the designer of Azuki NFT said that he had previously failed with three prior NFT concepts. The developer stated that he was the mastermind behind CryptoPhunks, Tendies, and CryptoZunks, which Web3 investigator Zachxbt alleges are all rug pulls.
A founder of Azuki NFT sent a link to the blog “A Builder’s Journey” on Twitter (@ZAGABOND). “Azuki is creating for the future of web3,” the caption adds. We’re in it together for the long haul. For Web3 to be competitive with Web2, developers must experiment with novel approaches. Azuki was developed using lessons learned from Phunks and other projects. This lesson is “Lead, don’t follow.”
CryptoPhunks was the first non-fungible token (NFT) established by the originator. Apparently, Phunks is Larva Lab’s CryptoPunks. From a simple parody collection, NFT spacecreation has grown into a movement that signifies something much more.
According to the project’s creator, participants discussed Web3 copyright restrictions. Larva Labs then sent a DMCA takedown complaint to CryptoPhunks. Due of this, the collection was continually removed from sale and relisted on OpenSea.
According to its designer, Azuki NFT was the consequence of numerous unsuccessful attempts. Mirror.xyz is the source of the image.
The founders of Tendies, the second failing NFT venture, said that the result “looked too much like turds.” He added that the Tendies minting experience was intended to resemble purchasing chicken tenders from a fast food restaurant. Similar to the project, just 15% of the collection was actually coined.
Finally, the creator of CryptoZunks continues his parody of Punks with his new initiative, which focuses on “minting experience.” In a blog post, he described the current 1000 Punks as a collection of never-before-seen Punk combinations.
Due to Ethereum’s high gas costs, the project had to be terminated. The inventor ascribed the project’s failure on a lack of community support and the departure of key team members.
Is the Founder of Azuki NFT Accused of Dismissing Failed Projects?
In addition to highlighting Azuki NFT’s history and the lessons its founders have learned via their NFT undertakings, the blog has attracted the critical attention of the NFT community. Twitter user and Web3 investigator @zachxbt accused Azuki’s founder of “rugging three projects in less than a year”
According to Zachxbt, CryptoPhunks, Tendies, and CryptoZunks are all rug pullers. He supported his assertions throughout the chat with tweets from other individuals. In August of last year, @PaulOx tweeted that Zunk programmers had earned more than $2 million by impersonating women.
A month after debut, the Tendies author ceased all activity and deleted social media and the Discord server, according to another screenshot of a post. In conclusion, another article on how there was no handover when the Phunk coders left yet the founders made around 300 Eth.
Except for its creator, Cryptophunks did not have a happy ending. This picture was posted on Twitter by zachxbt.
A founder of Azuki NFT reacted to the zachxbt forum by stating that they had fulfilled all of their obligations for the failed projects. This is not to suggest that the product-market fit wasn’t there, but it also doesn’t mean that it’s an absolute rug.” However, the general public does not seem to be convinced.
Several disagreements have surrounded Azuki NFT, but the founder’s charges of rug-pulling threaten to ruin the project. What will become of Azuki NFT now? We have no option except to wait and see what happens.
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