Ramen Research

defi analysts entering the slippery slurps of nfts. ramen collective 🍜 join the collective to uncover funny moments

[Ramen Research @RamenResearch_]

1/ What a pain in the ass, I can’t believe I’ve been hired to do nft analytics 😮‍💨

So most of you may have already seen the misappropriation of funds for @RagnarokMeta..

But what if I told you there’s a project 10x better at stealing money than them?

Introducing: @projectPXN

[Ramen Research @RamenResearch_]

9/ Based on their on-chain activity, does it seem like they have any intentions of reserving treasury funds for developing a metaverse?

In my professional opinion, looks unlikely!

..but maybe you'll get to play with their 3x3 sandbox land as a runner-up metaverse prize, enjoy.

[Ramen Research @RamenResearch_]

1/ So you might rmb @SkyVerseNFT, a project that drew decent traction raising 499.2 eth on a collection of 5k that sold at 0.1 eth each just 4 months back.

The intention was to use these funds to build a new metaverse - their on-chain transactions, however, tells us otherwise:

[Ramen Research @RamenResearch_]

8/ In the screenshot above, you will see that all deposits have been funded by two addresses:

1. '0xF5' Wallet (the one which received 545 eth)
2. 0xE895295378e642De0d26cEEbEF54c3f59918B49b (which was in turn funded by the '0xF5' Wallet)

'0xE89' even traded $APE with the funds!

[Ramen Research @RamenResearch_]

@Irenezhao_ I want to be your cat meow~

[Ramen Research @RamenResearch_]

Is @reicannon's wallet also entitled to receive an additional 697.7749 eth on top of a 100 eth compensation?

FYI this adds up to 797.7749 which is part of "Payout Batch 2", a 3,091.1 eth payout that includes another 797.7749 and 1,595.5 (2 * 797.7749) eth to 2 other addresses.

[maverick @maverick23NFT]

Founders should share their comp structure pre-mint.

Taking 300E upfront post mint or ~$1m USD across founders + ongoing 10k / mth is just ridiculous.

The best comp structure I have seen is to take payment in your OWN project NFTs like how @shanicucic96 does it for @PGodjira.

[DefinitelyDJ @DefinitelyDJ]

@Pants_shh wah 100eth is your compensation?

what have you delivered so far to justify 100e payout for each founder?

[Ramen Research @RamenResearch_]

@reicannon @RagnarokMeta @projectPXN @Pants_shh Seems like @Pants_shh have clarified and confirmed on the 100 eth payments as compensation to founders.

Please explain why the same wallet that received 100 eth also received an additional 696.7749 eth.

[Ramen Research @RamenResearch_]

Is @reicannon's wallet also entitled to receive an additional 697.7749 eth on top of a 100 eth compensation?

FYI this adds up to 797.7749 which is part of "Payout Batch 2", a 3,091.1 eth payout that includes another 797.7749 and 1,595.5 (2 * 797.7749) eth to 2 other addresses.

[Ramen Research @RamenResearch_]

1/ What a pain in the ass, I can’t believe I’ve been hired to do nft analytics 😮‍💨

So most of you may have already seen the misappropriation of funds for @RagnarokMeta..

But what if I told you there’s a project 10x better at stealing money than them?

Introducing: @projectPXN

[Ramen Research @RamenResearch_]

@reicannon Dropping etherscan tx link for reference:

https://t.co/Tdgah9NlAi

Just to reiterate, this is one of the wallets that received 100 eth each which @Pants_shh has confirmed to be founder wallets for compensation.

Suspected to be rei's wallet as it sent 5 eth to rei's public wal.

[Ramen Research @RamenResearch_]

Is @reicannon's wallet also entitled to receive an additional 697.7749 eth on top of a 100 eth compensation?

FYI this adds up to 797.7749 which is part of "Payout Batch 2", a 3,091.1 eth payout that includes another 797.7749 and 1,595.5 (2 * 797.7749) eth to 2 other addresses.

[lil pants | 🚨🚔🚨 @Pants_shh]

- 100e each was the agreed compensation for each founder for Jan until mint, we are allowed to spend that
- Post mint, 10k per month for each founder as max spending allowance, no salaries
- founders salaries discussions are slated for when we reach profitability

[Ramen Research @RamenResearch_]

21/ We’ll be releasing a much more comprehensive and detailed report on our website https://t.co/cnaqCOun25 for our ramen collective.

But otherwise, Ramen Researcher is signing off, back again next week for another episode of successful mints 🫡

[Ramen Research @RamenResearch_]

20/ ..a very humble and well deserved 5,000 eth (us7.5m) payout to the team!

What a pain in the ass this has been to sift through but thank you so much for the on chain transparency and congratulations on a total ~$10M payout to the team! Round of applause please?