My take on the @azuki “mess”:
No founders raise investment by pointing out their prior failures. That would be silly. You outline your experience and achievements which will contribute to potential future success. Let’s not set unreasonable expectations just because this is Web3
@cybercodetwins@bobaepicure@AzukiOfficial@ZAGABOND Are you familiar with his previous projects? Were there roadmaps that were planned and never put into action? Did they outright rug or just failed to accomplish the goals they set out to do? Because otherwise no fraud…
@0xBiZzy@illiquiditymaxi Same herd mentality that drove @azuki to 40eth is now causing a dumpster fire sale of everything associated with the project. Silly shit.
@MGFGT3@MeesaCrypto @aussietechbloke @FuZzyy_14@ZAGABOND@AzukiOfficial Every failed or non moon project has people who call it a RUG. To be clear:
Rug = taking investors’ (in nft’s- minters) money, never intending to fulfill your proposed plans (road map).
Failed venture = running out of money trying to accomplish those plans. This is NOT a rug
@MGFGT3@MeesaCrypto @aussietechbloke @FuZzyy_14@ZAGABOND@AzukiOfficial Absolutely. If they did not fulfill promises within their roadmap and just took the mint sale funds and ran, they can be held to account as some other projects have. Simple as that.
@amber_vittoria Markets are funny. Perceived value in nft’s sometimes is rooted in merit based factors (great art/artist, solid team, real utility) but often just follows heard mentality…Everyone is buying- must be a great project. Markets gonna do what markets do 🤷🏻♂️
Example:
If @kevinrose and @moonbirds said tomorrow…you know what y’all, this building web3 shit is hard. It’s been real, thanks for the support. We’re out - RUG PULL.
If they spent the next few years trying to build their vision and it tanked- that would be a failed venture.
My take on the @azuki “mess”:
No founders raise investment by pointing out their prior failures. That would be silly. You outline your experience and achievements which will contribute to potential future success. Let’s not set unreasonable expectations just because this is Web3
Every failed or non moon project has people who call it a RUG. To be clear:
Rug = taking investors’ (in nft’s- minters) money, never intending to fulfill your proposed plans (road map).
Failed venture = running out of money trying to accomplish those plans. This is NOT a rug
@justmaiko@FuZzyy_14 💯 agree. Rug = taking investors’ (in nft’s minters) money and not fulfilling your promised plans (road map).
Failed venture = running out of money trying to accomplish those plans. This is NOT a rug.