Some people in the crypto community responded with disdain at the project, describing it as a "cash grab". One NFT influencer tweeted "Hey @tailopez legit question: Why Would I pay 30-40k to watch a movie with you? or 80-90k for your WhatsApp? Who u think u are? U def have a shady reputation and doing this only adds more fuel to the fire. I respect anyone wanting to add value to NFTs but this is not the way." Others were surprised at the project's smart contract, which not only automatically transfers any money out of the project and into the team members' wallets, but requires the NFT buyer to pay the gas fee for that transaction in addition to normal gas fees for minting.
Nemus Earth plans to buy and protect land in the rainforest... with Ethereum NFTs and a Brazil nut plantation
The whitepaper also addresses that the project will be built on the Ethereum blockchain. There is a section about "pros & cons of Ethereum", which has one section: gas fees. Apparently the project based on environmental conservation has decided to simply gloss over the enormous energy consumption, emissions, and electronic waste stemming from the Ethereum blockchain.
The project opened its second round of minting on March 3, and is offering its NFTs for mint prices between 0.06 ETH and 19.44 ETH ($150 to $50,000).
OpenSea said in a statement that "OpenSea blocks users and territories on the U.S. sanctions list from using our services", though it's unclear why this change seems to only have come into effect recently.
Some Venezuelan users were furious with MetaMask, feeling that their choice to prevent them from using the platform was incompatible with the decentralized and deregulated nature of much of crypto. One Twitter user wrote, "MetaMask Do not tell me that you became Centralized, I have this problem and many people in Venezuela have the same".
ConsenSys later appeared to say that the block of Venezuelan users was in error, writing that "In changing some configurations as a result of the new sanctions directives from the United States and other jurisdictions mistakenly configured the settings more broadly than they needed to be".
Some publications have speculated that the airdrop was canceled because someone tried to spoof the tokens, but it doesn't appear that Ukraine has given a reason for the change in plans. After the cancellation, many commenters on Twitter, all of whom were hopefully joking, wrote that they had been "rugged" by Ukraine — using the common slang for crypto scams in which people are convinced to buy in on a project that then takes the money and doesn't follow through on its promised plans. In the tweet announcing the cancellation, Ukrainian Vice President Mykhailo Fedorov wrote, "After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens". What a world we live in.
Rose, for his part, runs a show called Brian Rose's DeFi Real, where he has published episodes like "Create your Career in Crypto: How to Become a DeFi Influencer, Educator & Fund Manager", and "The Next 100x Coins: How to Pick the Big Crypto Winners". As for the Rose and Icke duo, not only have they teamed up to broadcast COVID-19 conspiracy theories, they've also turned that project into NFTs, with a 100-item collection consisting of several-minute-long portions of their COVID-19 conspiracy TV series. Although all of the NFTs were given away, only a single NFT has experienced any trading so far.
Personally, I'm shocked to see the conspiracy theorists and crypto communities overlapping in this way.
At least 17 Smol Brains NFTs were stolen, which were listed for a combined total of around $1.4 million. PeckShield reported that more than 100 NFTs from multiple collections had been stolen. They reported that the exploit was due to a bug in their contract that allowed an attacker to set a quantity of 0 in a transaction, which when multiplied by the item price resulted in a total price of 0.
TreasureDAO co-founder John Patten wrote in a tweet while the hack was ongoing that "We will cover the costs of the exploit — I will personally give up all of my Smols to repair this."
About 2/3 of the other affected projects had yet to launch or had no social media presence. Crypto sleuth zachxbt tried to contact the other 1/3, and some of the projects were able to migrate contracts before any malicious actions. zachxbt wrote, "Funny enough when I reached out to all the different projects the ones that responded said they either didn't read over the smart contract beforehand or weren't the most technically inclined teams." On April 7, OpenSea contacted zachxbt to say they had frozen trading for all contracts created by the developer.