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    Home » News » Tekashi 6ix9ine NFT venture ended up being a scam. Surprise, Surprise.

    Tekashi 6ix9ine NFT venture ended up being a scam. Surprise, Surprise.

    By YoloDecember 18, 2021Updated:January 30, 20232 Mins Read

    Tekashi 6ix9ine NFT is on its community radar since the collectors are referring to this NFT project as “a huge scam”. In fact, several holders are actively dumping their NFTs.

    picture depicts Tekashi69 NFT
    Tekashi Collection is available at Opensea
    Image Credit: Tekashi

    Let us remind you that the American Rapper – Tekashi69, launched his NFT collection this October, featuring his album art and NBA’s Top Shot project. Moreover, the series was quite successful considering over 9,669 tokens were sold at a price of $400 per collectable. As a result, the rapper made around $4 million.

    So, why, after a successful sale, Tekashi69 is in the news for not-so-good reasons?

    Is the Tekashi 6ix9ine NFT project a scam?

    According to a report published by Rolling Stone, buyers of Tekashi NFT are facing multiple issues. Firstly, they cannot earn royalties after selling their NFTs into the secondary markets. Secondly, the NFT team did not release any game, thus counteracting their previous announcement. Despite everything, buyers still cannot contact the organizers.

    What’s more, after a few days of its release, the NFT organization stopped the minting process. Given that, the organizers said some hackers hijacked the launch. Since then, the rapper is also trying to distance himself from the whole conspiracy.

    Correspondingly, the users can’t ask questions as bots of the ‘Tekashi 6ix9ine NFT’ discord server are restricting almost every negative word. One buyer stated, “We’re sitting there waiting for answers. You couldn’t even type-specific words in this Discord channel, because a bot would moderate what you could say. You couldn’t type the words ‘floor price,’ you couldn’t type ‘ban’ or ‘scam.’ If you did, you’d get a message that rejects your message saying that word is not allowed there.”

    At NFTevening, we bring the best content for newbies and enthusiasts of the NFT space. Check out our detailed guides on how to make an NFT collection with these easy steps,  how to sell NFT art and many more. Also, we cover all the latest and exciting NFT related news for you.

     

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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