FUD Token Rugged

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What's Dropping ⚡️

• It's been a dizzying few days of one crazy story after another in the NFT world but the biggest winner is Hard Rock Nick who is currently minting USD on Cameo. Bottom line, don't buy garbage - or at least Ape in carefully, please. If you haven't seen Nick's cameos they are literally video gold. 

• OpenSea inadvertently doxxed about 100 customer emails on Thursday because some intern didn't apparently know about the BCC option - classic OpenSea!

• The Red Village sold out completely in under 10 minutes on Wednesday. The current floor is up 4x from the mint price at 0.40 ETH. Reveal is coming up and with a myriad of partnerships, this is a brilliant entry into the P2E space. 

• Enigma Economy - which touts being the first NFT based mining project sold through their genesis run of 4,000 pieces on Thursday.

• BYOPills is doing a metadata refresh of all Apostles that will load in rotating 3D views of Apostles. In other Apostle news, Flipdrago picked up his third Goddess for 17.5 ETH 🔥.

• Mighty Gojiras is currently minting. Each Gojira nets 10 $GOJ tokens per day that can be redeemed for future NFTs (or breed two and make a Gojira Kid for 500 $GOJ).

• Planet Dao token claim is now live for MetaHero holders.

• Women and Weapons floor gets swept, and price rises from 0.05 to 0.2 in a day a few hours 📈.

• Astrohead's prepare for "graduation" and the collection gets a floor bump. On Nov. 25th, there will be a graduation ceremony and up to 50% of the supply could be burned. 

• We won the bid to buy the Constitution, but we couldn't pay the $10M gas fees.

DRAMA ALERT 🚨 FUD TOKEN 

TL, DR: FUD token rugged by prominent NFT influencers

The Deets: A prominent NFT influencer named Tyler worked with ArtChick (@punk2476) to create a FUD Token, an NFT that was .02eth. Yes, the token was named "FUD" as in the common crypto acronym for "fear, uncertainty, and doubt". How fitting. After this scandal, ArtChick now goes by "2476 🔥👠" as if everyone will forget that he/she stole rugged around 50 ETH from the NFT community.

How It Went Down: They sold out about 8-10k tokens. Being the massive NFT influencer that he/she is - ArtChick was pumping the token, along with other large NFT influencers. Then shamdoo a 17-year-old kid (who created ___ project) bought some FUD Token NFTs, and then relisted for 0 ETH because Tyler allegedly said "the roadmap is to send it to 0." So Shamdoo listed for 0, and the bottom fell out instantly.

Naturally, people were pissed that their token went to zero in a blink of an eye. The community started digging into it and found out that 1/3 of the project went to ArtChick (something to the tune of 55 ETH or $223,190 USD). Later, ArtChick came out and said she asked Tyler to create the token. So now people start calling out ArtChick and all chaos ensues.

This is when things get interesting: Someone found out an old tweet of a guy that referred to ArtChick as "Tanner" and the entire community is now questioning whether she was a female the entire time. ArtChick replies with a video of herself that many are skeptical of (Alexa voice?) and someone even offered ArtChick 5 ETH to jump in a Twitter space. ArtChick said the Tanner or Tyler name was to write a blog. Let it be known that ArtChick being a man or woman is not the problem - the problem is dishonesty with his/her community along with rugging the entire NFT community. On top of all of this, in a Twitter space that followed this massive scandal (remember people lost literally tens of thousands of dollars because of this rug pull) the person who actually wrote the code for the project quoted that he was never paid. His code was copypasta'd into the project without his agreement!

Editor's Opinion: This will be a learning lesson for many. The NFT space as we know is going through tremendous growing pains on a daily basis. There will be pumpers, shillers, rug pulls, and everything in between. Don't just buy a token or NFT because "an influencer told me to". I hate to say this, but crypto and NFTs are the wild wild West and you have to know that nothing is going to save you from the elements. Only invest in what you are willing to lose - because that outcome is always possible. Be smart, take your time, the good projects always take time, and move in silence.

Sneak Peak 👀

The wallet wars are heating up like never before!

Meme Drop 💧

Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.

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