Even Gary Vee gets upset with the shady business in NFTs sometimes
Tabletop roleplaying game publisher Chaosium suspends their NFT project after backlash
BNB42 rug pulls for over $2.7 million
"NFT influencer" Morgan (@helloimmorgan) repeatedly fails to disclose being compensated for NFT promotions
Last year Morgan was caught up in scandal after it appeared she had bought a $24,000 Mutant Ape NFT while simultaneously running a GoFundMe trying to raise $20,000 for medical bills for her grandmother; she claims that the GoFundMe predated the MAYC purchase (though that seems to be in some doubt as well) and that all GFM funds went to her grandmother. Separately from that incident, she also created an NFT project called "Grumpkins" that was supposed to give 20% of profits towards children with cleft palates and also her grandmother's fund; after launching the project she quietly changed the donation amount to 10%.
Lonely Ape Dating Club launches to help Bored Ape NFT collectors find love, or maybe pay for it
The Lonely Ape Dating Club project announced their plans to build a dating app specifically for owners of Bored Ape NFTs — NFTs featuring illustrations of apes that trade for an average of around 90 ETH ($225,000). The app is not currently accepting signups from people who don't own a BAYC NFT, which raises more than a few questions about how successful a dating app will be when its pool of users seems to be overwhelmingly male, though perhaps I'm making too many assumptions about their sexualities. The app does promise plans to release a "Coin Digger" feature, which would "allow non-BAYC owners to connect with higher net worth individuals for mutual benefit", so perhaps that is their plan to solve that problem.
Sadly, the project was cancelled in May 2022 due to "unforeseen circumstances" which I have to imagine were pretty foreseeable.
Leaders of the Canadian truck protest come up with hilariously complex plan to distribute the Bitcoins they've collected
BuildFinance DAO project treasury drained after "hostile takeover"
The Belvedere Museum dreams big (or, rather, small) by splitting one single painting into 10,000 Valentine's Day NFTs
The website for the NFT sale explains a six-step process to obtain one of these NFTs, including the standard steps of connecting a wallet and joining the allowlist, but ending with "Dedicate your NFT to a beloved one", which involves sending... their loved one a form email, apparently. My heart goes out to anyone receiving an NFT for Valentine's Day, much less a $2,000 one representing a portion of a painting smaller than a postage stamp. To anyone who thinks this is a good idea: I am begging you, please just buy your partner some flowers.
One Monero mining pool creeps closer to that crucial 51% of the network hashrate
Jacked Ape Club NFT project team erupts in chaos
The following day, the project announced that control was back in the hands of Orange, Mitchell, Jango, and one other team member, and that the founders would be departing the project. The remaining team also announced that 105 ETH would be returned back to the project; they didn't address the 73 remaining ETH (around $220,000) that was reportedly taken by the founders.