Boxing Legend Floyd Mayweather Promotes NFT Scam, Again

Mayweather has a history in the NFT rug-pulling game Boxing legend Floyd Mayweather has been caught again promoting a fraudulent NFT project on his social media channels. Some investors are still unaware of his shenanigans, as the anonymous team behind his new Mayweverse project disappeared with nearly $200,000 in profit. Mayweather has a background in…


Mayweather has a history in the NFT rug-pulling game

Boxing legend Floyd Mayweather has been caught again promoting a fraudulent NFT project on his social media channels. Some investors are still unaware of his shenanigans, as the anonymous team behind his new Mayweverse project disappeared with nearly $200,000 in profit.

Mayweather has a background in the NFT rug-pulling game, having lent his name and earned tens of millions to projects like Ethereum Max, Bored Bunny, Real Floyd NFT, Moonshot, etc. All of which now have values ​​close to zero with no updates from the development teams since mint. His latest project, Mayverse, was released on April 13 and only managed to gross less than $200,000. The development team has now vanished with the money, leaving Mayweather once again promoting highly dubious projects.

There is an argument that Floyd Mayweather was somehow duped into supporting these projects. Perhaps his knowledge of the NFT space is low? However, the repetitive nature of his actions suggests otherwise. Another thing to keep in mind is that Mayweather is one of the most lucrative pay-per-view attractions of all time, in any sport.

Lots of misery and fans left empty handed

Twitter Observer ZachXBT he dove in headfirst and received a personal message from Mayweather, as seen above, after linking the development team behind the latest venture to three other rug-pulls. This is how it happened.

On April 21, just eight days after minting, Mayweverse NFT earnings were transferred to two wallets. The diagram provided by the willing blockchain sleuth posted on Twitter shows the money trail. Interestingly, some of the same wallets involved in other Mayweather-supported projects appear.

After the mint was over, the mayweverse official twitter pagewho has more than 16,000 followers, posted a tweet. They asked people to join the Discord channel for more updates and said the big reveal would happen soon. It is worth mentioning that this was the last tweet sent from that account.

Heading to the official Discord, we see more misery as members request updates repeatedly no answer Some holders were also entitled to receive signed gloves, while two holders are supposed to win an all-inclusive trip to Floyd’s next fight on May 14, but nothing is known. However, Mayweather responded to angry messages from some people, stating that they were not being scammed. The simple wording of this answer seems to show that it is not Mayweather behind the keyboard.

Before launch mayweversethe semi-retired boxer deleted all his tweets about another NFT project, RealFloydNFT. He abandoned this project earlier. Surprisingly, the team for that project I didn’t even know about Mayweverse.

Floyd flips the script

In the midst of all this, if you look up Floyd Mayweather’s NFT news right now, many would be surprised to see that he’s not keeping a low profile. Not at all, as he will be centrally involved in a series of high-profile events for iconic semi-retired athletes using NFTs as tickets and reward tools. Floyd Mayweather is fighting in the Global Titans Fight Series, a new boxing and MMA fight series featuring semi-retired icons. NFT expertise on the project comes from MintGate, which also works with the Bored Ape Yacht Club.

Tickets will be purchased through the NFT Rarible marketplace and sold as NFTs, giving access to an online platform where ticket holders can find exclusive content and watch a live stream of the fight. The project also seeks to structure a reward scheme through a collection of tickets like NFTs. Presumably, this is the fight that two lucky Mayweverse NFT owners were supposed to get access to. Better luck next time.

what we learn

With any phase of growth comes hype. With the hype comes opportunists, and behind them we find enthusiastic participants in a world where million dollar NFT sales make headlines every week. The prospect of potential profit and even riches is too great an allure for some to resist.

Celebrity endorsements have proven to be a dangerous tool used by projects to attract people while using the force of a personal brand. Arguably, people are judging the project based on the defender. The Mayweather case shows that while some of us in space know all about his background, others don’t.

Which further demonstrates that while Web3 is exciting and full of opportunity, it comes with associated risks that new entrants should not underestimate. Furthermore, the current climate for NFTs is now more polite than it was 12 months ago. There is much more educational and guidance content and various tools to analyze NFT markets, sales and prospects. Additionally, Ethereum has dominated the NFT landscape for most of this hype cycle, but data suggests more bubbles could form in other networks.

The recent acts of kindness from major NFT players Yuga Labs, who refunded millions in failed gas transaction fees for their recent Otherside land sale, provide a benchmark for other serious longevity projects to adhere to. . At the same time, mandatory KYC procedures for land buyers showed their willingness to work within regulatory frameworks. They again lay the groundwork for how other projects may need to act to attract attention in the future.

The foregoing does not constitute investment advice. The information provided here is purely for informational purposes only. Please exercise due diligence and investigate. The writer holds positions in various cryptocurrencies including BTC, ETH, and RADAR.


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