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
Block Chain Dungeon
Once upon a time... a little boy named Leo loved to paint, draw and experiment. He also loved to play with blocks and chains, which drew him again and again into the rooms of his friends Michel and Angelo. Often they also met in virtual rooms of Cryptovoxels, Decentraland, Somnium Space or Sandbox to create new inventions, read books about new technologies, or just swing the brushes. But on this day something gigantic happened. A good friend of Leo came to visit and brought his girlfriend Mona, who wanted a piece of Leo's art on her skin. This was the birth of the NFT's, as Leo developed Non Fungible Tattoos in the Block Chain Dungeon of Michel and Angelo. From that day on people from all over the world came to get NFT's from Leo or one of his students, like "Skeenee the rat", who controls the NFT machine with his laptop. A new age began.
Classical Collage
voronoi fun with some well known art
Meowchael Jackson
Uh, hi! I'm Meowchael Jackson. I believe that one day cats will rule this planet. I would give it all up for a Chanel purse. Let's pawty!
Christmas Sleigh
First Christmas-themed Visual Toy. For this work the artist has created a fantastic sleigh, ornamented in detail and with all the Christmas spirit that transports us to childhood, illusion, innocence. With its gift wrapping machinery, its Santa, a snow globe, the nutcracker, the European-style village and its soundtrack (first time with music) it is a whole Christmas mosaic for the imagination.
#62210
By OthersideDeployer