Shapeshifting Azuki founder outfits himself with bizarre confession – The Defiant
“I did,” he said. Says Founder of Azuki াগ Awakening. The market agrees.
On Monday, Azuki, the incarnation of an anime-themed NFT collection, was 23 ETH, ($ 58,558). Now it sits on a floor of 8 ETH, a 68% fall.
Because? A bizarre confession from its founder revealing how he used fake identities to promote past NFT collections and quietly rake Profit 3M On the way out. Jagabond, in a blog post, shared his proud testimonial about the way he got angry.
‘Education’
Over the course of two months, Jagaband created cryptocurrencies, Tendis and Junk – and quickly abandoned them after raising money. He described his strategies as “learning” which helped him to develop Azuki
For each project, Jagabond uses a different identity, starting with a fictional intern called PhilippineTurn For CryptoFunks, a female developer by name @ 0x Mondi For CryptoZunks. He claims that these identities were important in creating the story of the product. The collection has examined the boundaries between branding and industry respect and utility.
“Community ownership creates a one-time window in life to redefine the culture, storytelling and media future,” wrote Jagabond, who did not reveal his true identity.
Marketing can be a slippery slope, especially in the cryptocurrency world. And Jagabond is not the first founder to use smoke and mirrors to mysteriously overwhelm his collections.
Yet someone might have told Jagaband that the founders of a community or organization usually don’t bolt right after raising money for a project. Coming into the explosion of the Terra ecosystem, the crypto world is angry and frustrated.
Wrong addition of interest is made
“I would say that people need to understand the founding incentives, especially the legal incentives. Azuki had no oversight and it had nothing to do with consideration, ”the NFT collector said Main_write Told The Defiant. “When only 1 entity is involved in interest control, especially when that interest is wrongly associated with the general public, it can be dangerous.”
On May 10, Jagaband tweeted a recovery plan. He said his initiative would transfer control of contracts to the community of previous projects and come up with the right setup for a “fair redistribution of funds”.
After speaking to collectors at a Twitter space session yesterday, Vagabond admitted ignorance.
He tweeted, “I realized my shortcomings that I managed the previous projects that I started.” “I’m really sorry for the communities I’ve moved away from, for the Azuki holders and for those who trusted me.”
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