In the wake of abandoned projects, Azuki’s founder has left NFT Twitter out of disgust
Blog post by ZAGABOUND.eth creator, Azuki, amounted to an apparent act of blockchain seppuku. NFT Twitter was shocked when the project’s pseudonymous leader fell on a sword of egotism.
An encouraging rags-to-riches tale of hard work and dedication was certainly what the once high-flying crypto entrepreneur had in mind. Instead, the NFT community’s thoughts turned to a history of similar transgressions.
Prior to making it famous with Azuki, ZAGABOND had worked on three other projects. When things went rough, the founders of each and every one of these organizations turned away. There were problems with CryptoPhunks, Tendies, and CryptoZunks because they were all clones of each other.
Azuki’s floor price has fallen from a high of 20 ETH to a low of 10 ETH since the disclosure, although it has since recovered to roughly 15 ETH as of writing. It’s not obvious how much of this shift is due to the present market conditions, but it’s possible.
In the social media NFT arena, arguments have been ignited by the occurrence. An important question is if something is a rug pull when the founders had no strategy and made no commitments and whether that need for transparency should be reignited. But even if they did, they could just scrap the whole thing and start over with their shady earnings.
As a result, accusations of more unscrupulous behavior are flying throughout the world. Several crypto sleuths believe they’ve discovered some sort of recurring trend in the past year. The juicy facts may be found in the ZachXTB forum.