Thread by MΔNI

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Why Celebrity-led projects are never here to stay :

Read till the end for the complete knowledge!

🧵👇

(1/15)
"Crypto Zoo" by @loganpaul

If you haven't been living under a rock, then you definitely are aware of CRYPTO ZOO SCAM!

It has been a huge trending topic and @coffeebreak_YT even filed a law suit against logan

Suprisingly, not a surprise, logan haven't moved a needle!

(2/15)
"Apes in space" by @1YoungTakeoff

*Rest his soul in peace*

The collection actually sold out, one of the promises in roadmap includes, "one lucky holder will go to space trip with takeoff"

The project was abandoned even before he passed away

(3/15)
"Floyds world" by @FloydMayweather

Floyd is infamous for being involved in various crypto and NFT project scams

During bull market, he promoted many projects which ended being a rug pull

Not a surprise to know he'd rug his own!

(4/15)
"Confessions From the Hart" by @KevinHart4real

It's worse in kevin's case!

A huge star with 250 million followers across his socials

Could only be able to sell ~2400 NFTs out of 10,000 available to mint

(5/15)
"The Breezyverse" by @chrisbrown

Things got way more worse for Chris!

150 million combined people follow chris across his socials, but not even 1000 people minted his NFT collection

(6/15)
The list goes on with...

▪️Jake Paul
▪️6ix9ine
▪️Lana Rhodes
▪️Lil Uzi Vert

Each & everyone either abadoned or rugged their projects, or failed to mint-out!

(7/15)
Latest one to join the party is @souljaboy with his "Soulja Boy 3D NFT"

Unfortunately, the project was taken down by OPENSEA!

Even 'Soulja Boy' doesn't seem to worry about it, obviously

(8/15)
What are the reasons?

I'll just report the facts, for the sake of educating the readers

▪️Grifters

"Celebrities aren't saints"

Many of them only care to fill their bags even if it means to destroy their reputation

(9/15)
▪️Lack of experience

All most every celebrity dropped their NFT projects with "0 knowledge" over the web3 space

In my understanding, they are just treating NFT projects as another product drop

Not as a long term funnel to build deeper connection with their fans

(10/15)
million of social media followers and couldn't able to sell even 10,000 NFTs

Even their web3 teams seem to have no clue over the web3 culture and how it works

Also, the purchasers of their NFTs are not their fans, but random people in NFT space

(11/15)
They are just marketing a "wrong product" at a "wrong time" to "wrong people"

▪️low effort and less communication

Even NFT people can smell that these projects are an eventual rug

You can see the art and roadmap!

None of it is at par to attract an average degen

(12/15)
The worse thing is they are missing the most crucial part - "COMMUNICATION"

"No Socials, No community interactions"

even native web3 projects are falling due to faded communication

What chance these celebrity projects have to succeed?

(13/15)
I mean, if they've really known and cared, they would've atleast done something!

So, i have one last point :

None of these celebrities have time to focus on their NFT projects

even if they do seem to care at the beginning...

(14/15)
They'll eventually shift the focus, because they are super busy and know nothing to run a project!

And this space doesn't deserve that type of people or projects

Let's just support the true builders in the space🫡

Beware of the celebrity-led projects🚫

(15/15)
I hope you found value in the thread!

Please LIKE the first tweet and comment your thoughts...



I believe it's a once-in-a-lifetime opportunity to set up a "Web Agency" to assisst these kind of projects!
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