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    Home » News » Collectibles » UncOvered NFT Collection: The Next Big Thing or the Next Big Rugpull?

    UncOvered NFT Collection: The Next Big Thing or the Next Big Rugpull?

    By TheoOctober 13, 2021Updated:February 2, 20236 Mins Read
    Contents hide
    Ready to Meet and Mint the UncOvered NFTs?
    Closer Look: Roadmap
    The Next Big Thing or Next Big Rugpull?
    Why the Unc0vered NFT collection might actually be a Rugpull
    Uncovering Unc0vered

    UncOvered is an upcoming NFT Collection of digitally hand-sculpted mannequins living on the Ethereum Blockchain and uncOvered Verse! The public sale is happening in two days, October 16, so now is the perfect time to “UncOver” the project art, utility and roadmap. 

    UncOvered NFT
    Ready to uncover the UncOvered NFT Collection? Credit: Twitter (@Unc0veredNFT)

    Ready to Meet and Mint the UncOvered NFTs?

    UncOvered NFTs are 10,000 3D generative Mannequins featuring over 300 elements. The project is enjoying tremendous traction with over 100,000 Discord Members after promoting for less than a month. The dynamic and eye-catching art alongside the community events is capturing the attention of the NFT Space.

    Out of the 10,000 total supply, the team is allocating 3500 UncOvered NFTs available to mint during the Whitelist. Meanwhile, the 65000 remaining NFTs will be up for grabs during the public sale.

    Ahead of the Whitelist tomorrow, October 15, the team confirmed that the slots are officially full. The team gifted the last ten slots to select community members as a token of gratitude. The whitelisted members have one full day to mint their UncOvered NFTs with a maximum of 2 per wallet.

    Closer Look: Roadmap

    To start with, the project has promised to launch an ETH Fund, enable passive income and allocate funds for charity donations.

    The team released an aesthetically pleasing roadmap on Twitter. So far, the project is hitting all its Phase 1 milestones, such as growing the Community to 100K and giving away $10,000 through various engagement efforts such as raffles and games.

    UncOvered NFT Series
    The Collection features digitally hand-sculpted mannequins while utility focuses on earning passive income. Credit: Twitter (@Unc0veredNFT)

    The project will move to phase 2 once it sells out the NFTs on the Whitelist and the Public Sale. At this point, they will ensure to get the elusive blue checkmark on OpenSea and Rarible, reserved for verified NFT Collections. Then, they will roll out Edition I of the “Unc0vered Chronicles” on the Metaverse.

    Actually, Unc0vered only mentioned three items for Phase 3. Firstly, they plan to release 3D figures representing the Unc0vered NFTs. Then, the Community will have the power to vote on a charity that will receive a large donation. Lastly, a second, very exclusive “C0vered” drop will be airdropped to holders.

    The last phase will focus on global marketing efforts, particularly in Asian Countries. Additionally, the project will team up with a virtual reality gaming company to create the first VR NFT game. The project also plans to reward the founding community members by granting 5% royalties on held UncOvered NFTs on OpenSea.

    The Next Big Thing or Next Big Rugpull?

    As NFT blogger Zeneca puts it, what makes or breaks a project and most likely sets it up for long-term success is the team. “This is something all the smartest and most successful people in the NFT space (and probably in the business space, and just in life in general) will agree on – bet on people.”

    Given this, it’s not surprising that the Community demanded to know the people behind the NFT Project. We can’t blame them, considering how a group of Russian men fooled the Fame Lady Squad NFT holders into believing that they are an all-women team. Plus, a 100% anonymous project is a big red flag because the team can just disappear with all the funds.

    The team behind the UncOvered NFT Series addressed these concerns.

    The Discord post reads, “Although the entire team on the Unc0vered project wanted to keep their real-life separate from their online life; we have heard the voices of the community demanding to know who is behind the project.”

    UncOvered NFT Artist
    The team broke the mold by revealing the identity of one of its artists. Credit: Twitter (@@RobertRaczyk)

    They added, “Our artist Robert decided to reveal himself to reassure the Community of the legitimacy of this project. Robert is a high-achieving artist who has accolades that can only be achieved through years of hard work and dedication to his craft. Amongst other monster accomplishments, Robert has had his art featured on Virgil Abloh of Off-White’s Instagram, taken and directed photography for A-list celebrities such as Travis Scott and Rihanna, and choreographed the sets of big names such as Ian Connor and Bryson Tiller.”

    Despite the self-dox of one key artist, not everyone is convinced. A recent Youtube video by Bench Fry highlighted some of the warning signs that signify not everthing may be as it seems.

    Why the Unc0vered NFT collection might actually be a Rugpull

    Firstly, they don’t have an official website. Most of the mods are completely new accounts with no ties to the industry. Plus, they post the same kind of copy-paste drivel you’d expect from a bot.

    Moreover, it’s absolutely undeniable that their discord channel is full of bots. Any visitor can do a quick reverse discord search on most of the people on both the mod team and whitelist and find a complete lack of genuine posts. Digging deeper, hordes of messages that seem to be “grinding” to make level 10 in their discord, actually seem to be from fake accounts with no message history.

    unc0vered uncovered discord
    Examples of obvious bots in the Unc0vered discord

    Furthermore, despite their 100k discord members, the number of reactions to their posts are relatively low. This could suggest the members in the discord are bought, or again, bots.

    The last piece of evidence to suspect a rugpull, might be the most damning. It seems crazy, but try typing “rugpull” in any channel and you will get hit with a language warning. Not only that, it will also hide your comment. We actually tested this at NFTevening ourselves to find the same conclusion. If it isn’t a rugpull, why is the censorship necessary?

    Uncovering Unc0vered

    Despite the red flags, many are excited for the project. Meanwhile, the rest of the NFT community is apprehensive for the drop. Rugpull or not,  the Unc0vered NFT collection quickly amassed a similar discord volume to the Mekaverse collection, sparking it’s new notoriety. Only time will tell what the real truth is. But for now, you can get the latest news and updates on their Twitter or Discord.

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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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    Theo
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    Theo is NFTevening co-founder. He has been in the digital marketing & Media industry for the past 7 years and is involved in several big publishing companies - Reaching 35Millions users monthly across 20 different countries. He is a nostalgic gamer, a Witcher-fan and a huge NFT-enthusiast !

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