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%.
"NFT influencer" Morgan (@helloimmorgan) repeatedly fails to disclose being compensated for NFT promotions
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
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.
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.
This Super Bowl was the first to feature crypto advertisements. In addition to Coinbase's spot, Bud Light announced a beer-related NFT collection, Larry David appeared in an ad for the FTX exchange, and Crypto.com of course had a spot. What better time to make well-researched financial decisions than from your phone after a bunch of Super Bowl beers?
- "Taxman makes first ever seizure of NFTs", The Telegraph
While many web3 scammers are fairly primitive in their tactics, these appeared to be running a sophisticated and highly-targeted scam. The pair worked to impersonate an existing web3 project, even buying a similar domain. They apparently hired a 3D artist to produce renderings to help ingratiate one of the scammers into the target's web3 project. And when thomasg.eth inspected the scammers' addresses, he found that they were working with at least 100 ETH in funding (currently equivalent to around $300,000). thomasg.eth is currently holding over $100 million in his wallet with the same name, so it's not hard to see why the scammers might have picked him as a target worth some extra effort.