04/10/2021 Solana NFT project delivers emojis instead of promised artwork

Solana NFT enthusiasts have been left gobsmacked after a supposed 17-year-old digital artist allegedly took 1,000 SOL in a fake NFT project.

The artist was accused of what’s known as a ‘rug pull’ in the crypto community. A ‘rug pull’ is when a project fails to deliver, and absconds with all invested funds.

Iconics had promised to produce 8,000 NFTs in the form of randomised 3D artworks of busts with a range of attributes. The project was due to launch on September 30, with 2,000 NFTs available for 0.5 SOL to those who had early access via a presale.

The 2,000 presale NFTs sold out quickly, and users waited eagerly for the reveal to see what they minted. Instead, minters who got early access through the presale received an NFT featuring 20 random emojis and quickly took to Twitter to express their frustration at apparently being duped.

Emoji NFT
Emoji NFT

Twitter user @adhcrypto took to Twitter to share an image of his costly emoji-based artwork

A user called ‘FreeCartel’ noted that the creators of the project were a father and son duo and that “ICONICS had all of the right signs of a good project“, further compounding the frustration felt by the community.

FreeCartel also listed a number of points that indicated theproject was possible a scam, including using an “on.fleek” domain to mint the NFTs, no community management and the use ofauto-approved transactions.

To add insult to injury, the creators had also said they reveal their identities after the minting process in a Discord faq.

Popular Solana NFT accountSOLBigBrainalso got caught up in the scandal, saying “Damn.. @IconicsSol just RUGGED. Did a presale for 2K at .5 and made off with I think 1000 SOL”.

“Sorry to anybody who took the L here. I minted a bunch also as art looked good. Lesson Learned,” they added.

Following the botched minting, the Discord chat channel was disabled, no further announcements have been made and its Twitter account deleted.

However, the Solana NFT community has since rallied and an array of projects have taken to Twitter to offer airdrops, 50% minting discounts and one-for-one swaps for those unfortunate enough to own a now dubiously iconic piece of Solana NFT history.

Arts

https://finance.yahoo.com/news/solana-nft-project-delivers-emojis-184340464.html

Interesting NFTs
The Rare Pearl Moon with Motion
Motion Version Part of my moon series. This super rare pearl moon has just washed ashore on a remote tropical island beach, fining one of these rare Jems is like a total worldly treasure! These moons, only fall to earth once in a few million years! When I found this one I felt the luck that is said to come with this pearl moon.
Soon she'll be one of us
didital painting 2020
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit
Verifactory
The factory process behind the making of a verification badge. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Redshift, and After Effects.
CryptoPunk #9052
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.