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ZachXBT has uncovered some surprising information relating to American rapper Soulja Boy and his NFT exercise. After conducting a web based investigation, ZachXBT has revealed that Soulja Boy has been scamming folks. Considerably, the rapper has supported 16 NFT drops and 73 promotions on Twitter. This information is inflicting fairly a stir within the NFT group. So, what’s really taking place?
Soulja Boy Accused of NFT Scams
As NFTs proceed to surge in reputation, so do the instances of scams and fraudulent actions. Soulja Boy is the most recent celeb to be accused of taking part in these questionable NFT-related practices. Latest reviews have revealed that the rapper has been selling his NFT drops and attractive his followers to put money into them. Subsequently, he abandons them quickly after in what appears to be a traditional pump-and-dump scheme. In the end, his conduct has left his loyal supporters with nugatory investments. It’s clear that with the rising reputation of NFTs, there’s an pressing want for extra transparency and accountability within the business.
Let’s check out some examples. In July 2021, Soulja Boy, together with Quavo and Lil Yachty, promoted the NFT challenge RapDoge. This was then canceled and triggered vital losses for buyers. One other occasion of such a rip-off was ParrotsDAO. The challenge was introduced at some point after which rug-pulled the subsequent, leaving many buyers within the lurch. The rapper’s involvement in Flokinomics promotion, which turned out to be a rip-off, additionally got here beneath scrutiny.
Regardless of earlier controversies and failures, Soulja Boy has continued to provide and promote NFTs. On-chain sleuth, ZachXBT, revealed that the rapper charged as much as $12,000 for Instagram promotions and $10,000 for Twitter adverts in the course of the earlier cryptocurrency bull run. This means that he could also be extra interested by getting cash than the pursuits of his followers.
In the end, the group has turn into more and more involved about Soulja Boy’s actions and his willingness to take part in such fraudulent actions. The rise of NFTs has led to a rise in scams, and it’s important for celebrities to be conscious of their actions and promote initiatives responsibly. The group hopes that Soulja Boy will take accountability for his actions and take steps to revive his followers’ belief.
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