ZachXBT has revealed some surprising information relating to American rapper Soulja Boy and his NFT exercise. After doing a little on-line analysis, ZachXBT revealed that Soulja Boy was scamming individuals. Importantly, the rapper supported his 16 NFT drops and 73 promotions on his Twitter. The information has brought on a stir within the NFT neighborhood. So what’s actually happening?
Soulja Boy accused of NFT fraud
As the recognition of NFTs has grown, so too have instances of fraud and fraud. Soulja Boy is the newest movie star to be accused of collaborating in these doubtful He is NFT-related practices. A current report revealed the rapper selling his NFT drops and inspiring his followers to speculate. He then promptly abandons them in what seems to be a basic pump-and-dump scheme. As NFTs develop in recognition, it’s clear that there’s an pressing want for higher transparency and accountability within the trade.
Let us take a look at some examples. In July 2021, Soulja Boy promoted the NFT venture RapDoge with Quavo and Lil Yachty. This was later canceled, leading to heavy losses for traders. One other instance of such rip-off is ParrotsDAO. The venture was introduced sooner or later, buzzed the subsequent, and plenty of traders panicked. The rapper’s involvement within the Flokinomics promotion, which turned out to be a fraud, was additionally scrutinized.
Regardless of earlier controversies and failures, Soulja Boy has continued to supply and promote NFTs. On-Chain Detective, ZachXBT, Revealed to be a rapper Declare as much as $12,000 on Instagram promotions. Moreover, the final cryptocurrency bull market charged as much as $10,000 for Twitter advertisements. This implies that he could also be extra curious about earning money than profiting for his followers.
Finally, the neighborhood turned more and more involved about Soulja Boy’s conduct and his willingness to take part in such scams. You will need to take note of the actions of others and promote the venture responsibly. The neighborhood desires Soulja Boy to take accountability for his actions and take steps to revive the belief of his followers.
