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Home Games

The danger from participating in the NFT game, there is a place that hugs nearly 3 million USD and runs away

Runehq by Runehq
October 20, 2021
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The danger from participating in the NFT game, there is a place that hugs nearly 3 million USD and runs away
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The game called Evolved Apes is described on the OpenSea exchange (specializing in NFTs) as a collection of more than 10,000 unique NFTs, “stuck in a lawless land” and must “fight to survive”. “. There, only the strongest monkey (Ape) will gain the upper hand. Opened for public sale from September 24, 2021, this NFT game quickly attracted the attention of investors, expected to be a dramatic fighting game of this “hot” platform.

The danger from participating in the NFT game, there is a place that hugs nearly 3 million USD and runs away - photo 1

NFT character in Evolved Apes

However, there are still some people who are wary of the “drawn cake” because they have noticed many signs of unprofessionalism and the suspicious gradual disappearance of project leaders. These concerns are not unfounded when just over a week after the fundraising, the developer of Evolved Apes has disappeared. The Twitter account as well as the website of this unit also “fly without wings”. What remains on the blockchain is evidence that the developer withdrew 798 Ethereum (ETH), which was more than $2.7 million at the time but is now worth over $3 million.

Those who bought NFT items from the project did not get what they wanted, and the artists who drew for the game were not paid.

Faced with this situation, the Evolved Apes community has begun planning to continue developing the project instead of leaving. On OpenSea (where the project is confirmed), trading activity related to the game is still taking place. Since the time of discovering the disappearance, the exchange still recorded more than 570 NFT transactions, reaching a total value of 13.9 ETH (nearly 50,000 USD).

The cautions about investing in NFT gaming as a double-edged sword are not unheard of, but because of the large returns and touts that promote quick returns, many small, spontaneous investors. Still jumping into this game.

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In Vietnam, the NFT game movement is also starting to be deployed, and recently there are games like Sipher, My DeFi Pet, Faraland, HeroVerse are also calling for everyone to join.

Most of these games are built with the system to create characters, weapons, costumes, … for people to trade and make a profit. However, to buy these items need to put real money in.

The danger from participating in the NFT game, there is a place that hugs nearly 3 million USD and runs away - photo 2

Many games “advertise” how to make money from trading items

According to an expert, there are certain signs of a scam that players can easily recognize before participating. “A developer releasing multiple titles at once, and each game using a different token, is clearly questionable. In addition, the form of games born for the purpose of fraud often shows signs of copying the leading games of the market. For example, Evolved Apes follows Bored Apes”, the expert shared.

Some other factors also need to be questioned, such as an all-player development team that makes money online, or belongs to unclear development and marketing teams (like in the case of Evolved Apes with a team). develop unclear information). People who do NFT but have a statement that “changes the lives of the poor”, for a better life… are often not transparent.

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Tags: APEblockchaindangerDevelopersDrawing cakeETHEthereumEvolved Apesgamegame NFThugsmillionMy DeFi PetNFTparticipatingplacerunsTOKENUSD
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