Collectors are revolted about the Tekashi 6ix9ine NFT project Trollz and say that the project is just a big scam. The NFT collection from the American rapper Tekashi 6ix9ine was released in October, featuring his album art and NBA’s Top Shot project.
The project Trollz was successful because tokens were sold at a price of $400 per collectible, and the rapper earned around 4 million dollars.
How does a good project become a scam?
The promises in the project were that it would see a total of $100,000 going to various charity groups. Token owners, meanwhile, would receive royalties.
But royalties have not been delivered, promises of giving said royalty owners’ the power to make decisions about the disbursement of funds haven’t come to fruition, and a previously teased “boxing game” connected with the project was never unveiled. Also, the charity part was not delivered, according to a member of the community.
The project never even sold out, and that’s because the organizers suddenly decided to stop minting. When Jacob became a minter, the Trollz team was still telling people that there would eventually be 9,669 NFTs. That number was changed to 6,969 on launch day, October 28th.
In the FAQs section there is a part about is this project a scam or a rug pull and this stands: “R U DUMB? No! This is a project in direct correlation with 6ix9ine. He is aware and privy to the inner workings going on behind the scenes. This project is directly influenced by his involvement, so anything promised on TROLLz web/discord will be delivered.”
So who is dumb here, and what will happen next?