Tezos

The Crypto Time 0019 - Proof of Rug

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tz1PABDPXbg9rqz62umCaQ8YhCUajmoYK2Cb

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No. 0019 February 22, 2023 : The nineteenth issue of The Crypto Times and it's Canceled due to lack of interest from the community. Ouch, too soon? Kevin Rose canceled his much anticipated "Proof Of" conference due to Market Conditions Not Being So Friendly. That seems to be the Raison du Jour for pulling out that liquidity from the community. Wanna be Friends? Would you like a digital companion for the future? nah, let's hit PAUSE on that. The fRiENDSiEs team rocked a proper web3 rug playbook with their latest move. It started with a ridiculously high mint price of 3 eth, used Farokh and other influencers to pump it. Hired Paris, Diplo and other celebs to rep it and now due to "market conditions not being so friendly" they extracted that liquidity and then hit PAUSE. Speaking of liquidity, BLUR seems to the be the only market with any these days. After that token airdrop they have been spanking OpenSea so hard that they keep switching up just to fit in with the pro traders. Opensea doesn't know who it represents anymore. By dropping creator royalties to 0.5% they've basically alienated all artists to go after approximately 500 wallets of "PRO" traders. Good luck with that. No token, nobody cares. Blur is stepping up and already announcing another $300 million in token airdrops for Season 2 which is coming soon. R.I.P. OpenSea. You had a good run, but you're done. Last but not least, YUGA Labs is going after their APE holders for IP infringement. I though IP use was one of the selling points of BAYC? What happened there? Well, if this isn't the pot calling the kettle black. Seems BAYC has been using some copied artwork for their BAKC logo all along. Blame it on Fiverr. Pure monkey business . . . 1600 x 1300 pixel png file. created by Nite Owl

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cryptotimes

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