THELOGICALINDIAN - An NFT activity alleged Iconics awash emojis afterwards able 3D artwork
An alien amateur has agitated out a bait-and-switch betray on the Solana arrangement involving NFTs and emojis.
Emojis Were Sold as NFTs
The bluff or scammers awash pre-existing emojis in abode of aboriginal NFT artwork that was promised to investors.
The activity was operated beneath the name Iconics. In its Discord server, it promised to bear NFTs in the anatomy of 3D art pieces allegedly created by an alien 17-year old artist.
The project’s aggregation opened NFTs for accessible auction at 0.5 SOL per unit. In total, 2024 NFTs were minted and sold, acceptance the aggregation to accomplish off with 1000 SOL admired at $138,000.
Investors did not ascertain the NFT’s capacity until afterwards the sale. However, the name “Iconics” implies that the bait-and-switch involving emoticons was allotment of the plan from the start.
Prominent Figures Promoted Sale
Before the sale, the activity was answer by notable abstracts aural the Solana association including Solbuckets and Solana NFT Radar, who alleged the NFTs “unique artwork.”
Today’s adventure is not the aboriginal time an NFT betray has been accomplished on the Solana network. Last month, a activity alleged Solana Astro Sols scammed buyers out of $6.4 million afore disappearing.
With Solana’s growing popularity, hundreds of new NFTs and DeFi projects accept been launched on the blockchain in contempo months.
Its low fees and transaction times and a absolute amount bound (TVL) of over $8 billion accomplish the arrangement an ambrosial ambition for fraudsters as able-bodied as accepted developers.
