MekaVerse, a popular new NFT collection, has been beset by controversy since its beginnings. The anime-inspired avatar project is losing value after a dazzling debut last week, amid suspicions of missing data and possible malfeasance. Twitter users alleged that leaked or private data was used to take advantage of the market before the final images were released.
MekaVerse is one of the most successful NFT collectibles debuts in recent memory. The initial deployment, however, was marked by controversy, and there have been even more instances of probable fraud since then. With sales topping $60 million in just 24 hours, it is now considered a major success story for the NFT community. Unannounced NFTs sold for around 7.1 ETH (ethereum), or approximately $25,000 at the time, prior to the introduction of MekaVerse. In the meantime, every photograph on OpenSea appeared to be identical, and secondary prices skyrocketed. Players wager on a trading card pack containing a rare and incredibly valuable image.
The debut of the MekaVerse project has been dubbed “rigged” by some. Certain people may have had early access to the information, which lists the qualities that each NFT image has. This information may have been used to make a blind purchase of rare NFTs. Prior to the NFT’s announcement, one of the project’s developers was able to purchase one for roughly market price.
MOLOTOV’s tweets hint that the developer benefited from inside information—and this isn’t the first criticism levied at the project on social media. In a related thread, Twitter user Otto Suwen alleges that a single wallet holder purchased multiple rare MekaVerse NFTs through previously undisclosed purchases, maybe thanks to leaked metadata information.
Statement of the team
The team stated, “It allows us to safely randomize everything on our side.” “To avoid any risk for leakage or cheating, our team guarded the secret until the very last second on the reveal day,” the team said in a statement. “Right before the reveal, we completed the last randomization to guarantee that nothing got away and that everything was dispersed evenly and randomly.”
In the same announcement post, the creators disclosed intentions to airdrop various free Meka-fiends, including a sword and a robot companion. The MekaVerse team has announced plans for airdrops of “Meka-Fiends” (NFTs) that may be used in suggested fighting games, among other things. This is similar to the Bored Ape Yacht Club, which just raised the quantity of NFTs available to its members. Wyb0, the Miinded Studios developer accused of exploiting inside information to buy a rare NFT, will be auctioning one.
Crypto-analytics group CryptoSlam alleges that MekaVerse hosted a hackathon last month, and claims that the event generated $130 million in secondary trade transactions. The company’s NFTs (net floating fractional ownership tokens) is now trading for less than $7,700 each on the OpenSea platform. Some customers have expressed dissatisfaction with the mechs’ visual unpredictability, which is influenced by Japanese anime classics such as “Mobile Suit Gundam.” Fraud claims and other issues about the launch timeframe have also been raised.