MekaVerse is one of the most successful NFT collectibles launches in recent memory, generating more than $60 million worth of sales within a 24-hour span last week. But the initial rollout was dogged by controversy, and even more allegations of potential fraud have surfaced since then.
Source: decrypt.co
When MekaVerse—an Ethereum-based collection of 8,888 randomly-generated profile pictures—held its minting process on October 7, the new NFT owners didn’t immediately know which image they had bought. It was like an IOU: holders saw a placeholder image ahead of a planned collection-wide reveal days later. Even secondary market buyers didn’t know what they were getting.
Every image on OpenSea looked the same in the meantime, and secondary prices soared as users took a trading card pack-like gamble on possibly pulling a rare, especially valuable image. Ahead of the launch, unrevealed MekaVerse NFTs had an average sale price above 7.1 ETH , or about $25,000 at the time.
MekaVerse Racks Up $60M in Ethereum in Sales for NFTs We Can’t See Yet Another day, another buzzy NFT drop—and MekaVerse is one of the largest launches to date. Since launching yesterday, the Ethereum NFTs have already yielded $60 million worth of sales between … News NFTs Andrew Hayward Oct 8, 2021Oct 8, 2021 Create an account to save your articles. Create an account to save your articles.
Rather, buyers shouldn’t have known what they were buying. However, since the launch, a number of allegations have surfaced on social media suggesting that some buyers may have had early access to the metadata, or the information that describes which attributes each NFT image contains. That data could have been used to purchase rare NFTs, sight unseen.
In a viral tweet thread, Twitter user MOLOTOV accused the MekaVerse launch of being “rigged.” They highlighted public data from OpenSea and other resources that suggest one of the developers on the project, Wyb0 from Miinded Studio, managed to purchase one of the rarest NFTs around the average going price before the reveal.
The MekaVerse collapse is more than just fomo and weak hands capitulating. This is actual fraud. Insiders had access to hidden metadata and were able to snipe legendary and ultra rare prereveal mints from the unsuspecting collectors. Even the devs were involved in this. It’s bad. pic.twitter.com/88N44g09hG
— Beanie.eth (@beaniemaxi) October 14, 2021
MOLOTOV’s tweets suggest that the developer traded on inside information—and it’s not the only tweeted accusation around the project. In another thread, Twitter user Otto Suwen makes the case that a single wallet holder scored multiple rare MekaVerse NFTs from unrevealed purchases, potentially via leaked metadata info. He added, “There were so many suspicious buys after mint. Now we know why.”
In other words, the gap between the minting process and the image reveal a few days later could have created a window in time in which leaked metadata could be used to purchase certain MekaVerse NFTs—ones that could become much more valuable after the reveal.
The team’s response
Decrypt reached out to the MekaVerse team on Thursday, including directly to co-creators Matt Braccini and Mattey, but did not hear back from any of them.
On Thursday, the creators addressed the allegations in an announcement post via its public Discord server. According to the team, the reveal process included a custom Python script to aid with randomization, along with a seed system for regenerating the order if needed. It also used a private server, not on a blockchain blockchain , to complete the randomizing process.
Hey! Wybo here, Some of you may have seen tweets about how MekaVerse NFTs were distributed.
Let me explain what happend in this thread 👇 pic.twitter.com/odIpnMsSmc
— Wyb0 (@_Wyb0) October 14, 2021
“It allows us to safely randomize everything on our side, which was done solely to avoid any security issues and to have something clear and controlled,” the team wrote.
“To avoid any risk of leakage or cheating, our team kept the secret until the very last moment of the reveal date,” it continued. “We performed the final randomization just before the reveal to ensure that nothing leaked and that everything was distributed clearly, fairly, and randomly.”
In the same announcement post, the MekaVerse creators revealed plans to launch additional free NFTs to airdrop to holders, including a “Meka-Sword” that can be used in a proposed fighting game, as well as a “Meka-Bot” robot companion. It’s similar in approach to the popular Bored Ape Yacht Club , which has given holders additional NFTs in recent months.
Meanwhile, Wyb0—the aforementioned Miinded Studios developer accused of using inside information to buy a rare MekaVerse NFT—tweeted about his purchase, saying that it happened before the MekaVerse creators “sent the metadata and final images” to Miinded. In any case, apparently due to the controversy, the NFT in question will be auctioned off for charity.
Mekaverse generated $8 million in revenue from a rigged sale of these unique pieces. So unique. pic.twitter.com/effmjNA1up
— Alex Krüger (@krugermacro) October 14, 2021
Amidst these allegations, the floor price—or cheapest available NFT—for MekaVerse has fallen precipitously in recent days. As mentioned, the NFTs were trading above 7 ETH apiece before the reveal, while the most affordable MekaVerse NFTs on OpenSea as of this writing are below 2 ETH (about $7,700). Even so, the collection has generated more than $130 million worth of secondary trading volume to date, per data from CryptoSlam .
In addition to fraud accusations and other complaints around the launch window, some buyers have criticized the visual randomness of MekaVerse mechs, which are inspired by Japanese anime classics like “Mobile Suit Gundam.” In some cases, the differences between the Ethereum-based NFT images come down to slight color swaps on small details, as seen above.
Why people still use to read news papers when in this
technological globe the whole thing is available on web?
Marvelous, what a blog it is! This website gives valuable information to
us, keep it up.
I will right away take hold of your rss as I can’t in finding your email
subscription hyperlink or newsletter service. Do you’ve any?
Please allow me understand in order that I may subscribe.
Thanks.
This post will help the internet people for creating new blog or even a weblog from start
to end.
We are a group of volunteers and opening a new scheme in our community.
Your web site offered us with valuable information to work on. You’ve done a
formidable job and our entire community will be grateful to
you.
I am sure this paragraph has touched all the internet viewers, its
really really fastidious article on building up new weblog.
Hello There. I discovered your weblog using msn. This
is a really smartly written article. I will make sure to bookmark it and come back to learn more of
your useful info. Thanks for the post. I’ll definitely return.
Hello there! Would you mind if I share your blog with my twitter group?
There’s a lot of people that I think would really enjoy your content.
Please let me know. Thank you
Hey there! Would you mind if I share your blog with my zynga group?
There’s a lot of people that I think would really enjoy your
content. Please let me know. Thank you
Keep on writing, great job!
After exploring a handful of the blog articles on your blog,
I honestly appreciate your technique of blogging.
I added it to my bookmark site list and will be checking back in the near future.
Take a look at my web site as well and let me know what you think.
You truly make this sort of seem so easy with your screen but I just
find these kinds of matter becoming actually
something which I think We may never discover. It seems as well complex
and intensely broad to me. I am looking forward for your forthcoming post, Sick and tired try to get useful to it!
Hi, after reading this awesome article i am also cheerful to share my knowledge here with colleagues.
Thanks on your marvelous posting! I truly enjoyed reading it, you’re a great author.
I will be sure to bookmark your blog and definitely will come back
someday. I want to encourage you continue your great writing, have a nice afternoon!
Here is my blog post New U Pure Keto Reviews
Good day! I could have sworn I’ve been to this website
before but after looking at some of the posts I realized it’s new to me.
Anyways, I’m definitely pleased I discovered it and I’ll be book-marking it
and checking back regularly!
Great blog! Do you have any recommendations for
aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything.
Would you advise starting with a free platform like
Wordpress or go for a paid option? There are so many options out there that I’m completely confused ..
Any recommendations? Appreciate it!
This excellent website certainly has all the information and facts I needed concerning this subject and didn’t know who to ask.
Every weekend i used to pay a quick visit this website, because i wish for enjoyment, for the reason that this this website conations
really nice funny stuff too.
For latest information you have to go to see internet and on the web
I found this website as a best web site for most up-to-date updates.
You are my inspiration, I own few web logs and rarely run out from post :).
Take a look at my website – Bio Essentials CBD Gummies
Hi to every one, it’s genuinely a nice for me to go to see this site, it includes important Information.
Hmm it looks like your website ate my first comment (it was
super long) so I guess I’ll just sum it up what I had written and say,
I’m thoroughly enjoying your blog. I as well am
an aspiring blog blogger but I’m still new
to the whole thing. Do you have any suggestions for rookie blog writers?
I’d really appreciate it.
Look at my website Mauvais Moisturizing Face Cream
Great post. I was checking constantly this blog and
I’m impressed! Extremely useful information specially the last part 🙂 I care for such information a lot.
I was seeking this certain information for a very long time.
Thank you and good luck.
Hi mates, its wonderful post about teachingand entirely
explained, keep it up all the time.
Here is my web page: Premium Organics CBD Review
Yay google is my king aided me to find this great web site!
Feel free to visit my website; New U Pure Keto
I’ve been exploring for a little bit for any high quality articles or weblog posts on this sort of house .
Exploring in Yahoo I at last stumbled upon this site.
Studying this info So i’m happy to show that I’ve an incredibly excellent uncanny feeling
I found out just what I needed. I such a lot surely will
make certain to do not omit this web site and provides it a glance on a continuing basis.
Here is my homepage – Premium Organics
excellent post, very informative. I wonder why the other specialists of this sector
do not notice this. You must proceed your writing. I am confident, you have a great
readers’ base already!
Have you ever considered about including a little bit more than just your articles?
I mean, what you say is important and all.
But just imagine if you added some great images or video clips to give your posts more, “pop”!
Your content is excellent but with pics
and clips, this site could certainly be one of the best
in its niche. Very good blog!
I’m not that much of a online reader to be honest but your sites really nice, keep it up!
I’ll go ahead and bookmark your site to come back down the road.
Cheers
Hey there! I know this is kind of off-topic but I had
to ask. Does managing a well-established blog such as yours require a large amount of work?
I’m brand new to writing a blog however I do
write in my journal daily. I’d like to start a blog so I can easily
share my personal experience and views online. Please let me
know if you have any kind of ideas or tips for brand new aspiring bloggers.
Thankyou!
whoah this blog is excellent i like studying your articles.
Keep up the great work! You recognize, lots of
persons are looking round for this info, you could help them greatly.
My family always say that I am wasting my time here at
web, except I know I am getting familiarity every day by reading such fastidious articles.
Wonderful article! This is the type of information that are supposed to be shared around the web.
Shame on Google for now not positioning this put up higher!
Come on over and talk over with my site .
Thank you =)
It’s truly a nice and helpful piece of info. I am satisfied
that you shared this useful information with us.
Please stay us informed like this. Thanks for sharing.
For most recent news you have to pay a visit world-wide-web
and on web I found this web page as a finest site for newest updates.
My family every time say that I am killing my time here at net, however
I know I am getting know-how daily by reading thes fastidious posts.
My brother recommended I might like this website. He used to be totally
right. This submit truly made my day. You can not imagine just
how so much time I had spent for this information! Thanks!
Fabulous, what a web site it is! This blog provides
useful data to us, keep it up.
I was recommended this website through my cousin. I’m not sure whether this
publish is written by him as nobody else recognize such unique about my trouble.
You are amazing! Thanks!
I know this site offers quality based articles and additional data, is there any other
website which offers these stuff in quality?
For latest information you have to go to see web and on web I found this website as a most excellent website for most recent updates.
It’s actually a nice and useful piece of info. I’m glad that you simply shared this useful info with us.
Please keep us up to date like this. Thank you for sharing.
After exploring a handful of the blog articles on your site, I
seriously like your way of writing a blog. I added it to my bookmark webpage list and will
be checking back in the near future. Take a look at my web site too and tell me how you feel.
My brother recommended I may like this web site. He was once totally right.
This submit truly made my day. You cann’t believe just how much
time I had spent for this info! Thank you!
This design is incredible! You obviously know how to keep a reader amused.
Between your wit and your videos, I was almost moved to start
my own blog (well, almost…HaHa!) Fantastic job.
I really loved what you had to say, and more than that,
how you presented it. Too cool!
Great weblog here! Additionally your site rather a lot up
very fast! What host are you the usage of?
Can I am getting your associate hyperlink for your host? I want
my web site loaded up as quickly as yours lol
What’s Happening i am new to this, I stumbled upon this I’ve discovered It positively useful and it
has aided me out loads. I hope to give a contribution & help
other customers like its aided me. Good job.
Currently it appears like Drupal is the preferred blogging platform available right now.
(from what I’ve read) Is that what you’re using on your blog?
What’s up, its nice article regarding media print, we all understand media is a great source
of information.
Hello, its nice article on the topic of media print,
we all be aware of media is a wonderful source of data.
Howdy! Quick question that’s entirely off topic. Do you know how to
make your site mobile friendly? My website looks weird when browsing from my iphone 4.
I’m trying to find a theme or plugin that might be able to correct this problem.
If you have any recommendations, please share.
Appreciate it!
It’s a pity you don’t have a donate button! I’d without
a doubt donate to this excellent blog! I guess for now i’ll settle for bookmarking and adding your RSS
feed to my Google account. I look forward to brand new updates and will talk about this website with my Facebook group.
Chat soon!
I have been surfing on-line greater than 3 hours today, but I never found any attention-grabbing article like yours.
It’s pretty price enough for me. Personally, if all website owners and bloggers made excellent content as
you did, the net can be much more useful than ever
before.
Hello There. I found your weblog the use of msn. That
is a really well written article. I’ll be sure to bookmark it and
come back to learn more of your useful information. Thanks for the post.
I’ll certainly return.
Hi there would you mind letting me know which hosting company you’re working with?
I’ve loaded your blog in 3 different browsers and I must
say this blog loads a lot quicker then most. Can you suggest a good internet hosting
provider at a fair price? Cheers, I appreciate it!
An outstanding share! I’ve just forwarded this onto a friend who has been conducting a little
research on this. And he in fact ordered me dinner because I discovered it for
him… lol. So allow me to reword this…. Thank YOU for
the meal!! But yeah, thanks for spending time to talk about this issue here on your blog.
I was able to find good information from your articles.
Everything is very open with a clear clarification of the
challenges. It was really informative. Your website is
extremely helpful. Thanks for sharing!
If you desire to grow your familiarity simply keep visiting this
web site and be updated with the latest news update posted here.
My developer is trying to persuade me to move to .net from PHP.
I have always disliked the idea because of the costs. But he’s tryiong none the less.
I’ve been using Movable-type on several websites for
about a year and am concerned about switching to another platform.
I have heard good things about blogengine.net. Is there a
way I can import all my wordpress content into it? Any help would
be really appreciated!
I have been surfing on-line more than 3 hours nowadays, yet I
by no means found any interesting article like yours. It is beautiful worth enough
for me. Personally, if all site owners and bloggers made excellent content
as you did, the internet might be much more useful than ever before.
It’s a pity you don’t have a donate button! I’d definitely donate to this
outstanding blog! I suppose for now i’ll settle for bookmarking and adding your
RSS feed to my Google account. I look forward to new updates and will share this site with my Facebook group.
Talk soon!
This article presents clear idea in favor of the new people of blogging, that really how to do blogging
and site-building.
I loved as much as you’ll receive carried out right here.
The sketch is attractive, your authored material stylish.
nonetheless, you command get got an shakiness over that you wish
be delivering the following. unwell unquestionably come more formerly
again as exactly the same nearly very often inside case you shield this hike.
If you are going for finest contents like myself, just visit this website daily as it provides feature contents, thanks
Does your blog have a contact page? I’m having trouble locating it but, I’d
like to send you an email. I’ve got some suggestions for your blog you might be interested in hearing.
Either way, great blog and I look forward to seeing it grow over time.
This article gives clear idea in support of the new viewers of blogging,
that actually how to do blogging.
If some one needs to be updated with newest technologies therefore he must be pay
a quick visit this website and be up to date all the time.
Quality posts is the important to be a focus for the users to pay a
visit the web page, that’s what this site is providing.
I just couldn’t go away your site before suggesting that I
extremely loved the usual info a person provide on your
guests? Is gonna be again ceaselessly to inspect new posts
My coder is trying to persuade me to move to .net from PHP.
I have always disliked the idea because of the costs.
But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am concerned about switching to another platform.
I have heard good things about blogengine.net.
Is there a way I can import all my wordpress posts into it?
Any kind of help would be greatly appreciated!
Awesome! Its actually remarkable post, I have got much clear idea about from this piece of writing.
Hello there, just became aware of your blog through Google, and found
that it is really informative. I am gonna watch out for
brussels. I will be grateful if you continue this in future.
Lots of people will be benefited from your writing. Cheers!
I used to be recommended this web site through my
cousin. I’m not sure whether this put up is written through him as
nobody else recognise such exact about my trouble.
You’re incredible! Thanks!
For newest news you have to go to see the web and on internet I found this website as a best web page for newest updates.
Very shortly this site will be famous amid all blog
people, due to it’s good articles or reviews
Nice post. I learn something totally new and challenging on sites I stumbleupon on a daily basis.
It’s always interesting to read content from other authors and practice a little something from
other sites.
Aw, this was an extremely good post. Taking the time and actual effort
to create a great article… but what can I say… I
procrastinate a lot and never manage to get nearly anything done.
you are actually a excellent webmaster. The web site loading velocity is
incredible. It sort of feels that you are
doing any distinctive trick. Moreover, The contents are masterwork.
you have performed a excellent activity on this subject!
I go to see daily some blogs and information sites to read articles
or reviews, but this web site offers quality based posts.
It’s the best time to make a few plans for the future and it is time to be happy.
I have learn this post and if I may just I want to counsel
you some interesting issues or advice. Perhaps you could write subsequent articles referring to this article.
I desire to read even more issues approximately it!
What’s up to every body, it’s my first pay a quick visit of this weblog; this
blog contains remarkable and really good stuff in favor of
readers.
What’s up it’s me, I am also visiting this website
regularly, this website is actually good and the viewers are in fact sharing pleasant thoughts.
Howdy terrific website! Does running a blog similar to this
require a lot of work? I have virtually no expertise in programming but I had been hoping to
start my own blog in the near future. Anyway, should you have any ideas or techniques for new blog owners please
share. I know this is off subject however I just
wanted to ask. Appreciate it!
I’d like to find out more? I’d like to find out some
additional information.
Hello, I enjoy reading all of your article. I wanted to write a little comment to support you.
I read this post completely concerning the resemblance of most up-to-date and earlier technologies, it’s awesome article.
I have been browsing on-line greater than three hours today, yet
I by no means found any interesting article like yours.
It is beautiful worth sufficient for me. Personally, if
all webmasters and bloggers made good content material
as you probably did, the internet can be a lot more useful than ever before.
What’s up i am kavin, its my first occasion to commenting anyplace, when i
read this post i thought i could also create comment due to this sensible post.
You made some really good points there. I looked on the
net for additional information about the issue and found most individuals will go along with
your views on this web site.
I visited multiple blogs but the audio feature for audio songs existing at this
website is actually excellent.
Great article, just what I wanted to find.
Hi there! I know this is kind of off topic but I was wondering which blog platform are you using for
this website? I’m getting sick and tired of WordPress because
I’ve had problems with hackers and I’m looking at alternatives for another platform.
I would be great if you could point me in the direction of a good platform.
I loved as much as you’ll receive carried out right
here. The sketch is tasteful, your authored subject matter stylish.
nonetheless, you command get bought an shakiness over that you wish
be delivering the following. unwell unquestionably come
more formerly again as exactly the same nearly
a lot often inside case you shield this hike.
Thanks on your marvelous posting! I genuinely enjoyed reading it, you’re a great author.
I will ensure that I bookmark your blog and will come back later in life.
I want to encourage you continue your great posts, have a nice evening!
These are genuinely great ideas in concerning blogging.
You have touiched sone good factors here. Any
way keep up wrinting.
Viskt my web page … garena free fire free diamonds
Howdy are using WordPress for your site platform? I’m new to the blog world but I’m trying
to get started and set up my own. Do you need any html
coding knowledge to make your own blog? Any help would be really appreciated!
Also visit my blog post :: garena free fire free diamonds
I need to to thank you for this great read!!
I definitely enjoyed every little bit of it. I’ve got you book-marked to look at new stuff you post…
Stop by my page pubg free uc generator
Incredible! This blog looks exacttly like my old one! It’s on a entirely different subject but it has pretty much the same page
layout and design. Wonderful cjoice of colors!
Also visit my web site – pubg free uc hack
I do believe all of the ideas you have offered
for your post. They’re really convincing and will definitely work.
Still, the posts are very brief for starters. Could
you please prolong them a little from subsequent time? Thanks for the
post.
Feel free to surf to my page :: garena free fire hack
Hey there just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading properly.
I’m not sure why but I think its a linking issue. I’ve tried it
in two different internet browsers and both show the same outcome.
always i used to read smaller articles or reviews that
also clear their motive, and that is also happening with this article which I am reading here.
Thank you for the sensible critique. Me & my neighbor were just preparing to do a
little research on this. We got a grab a book from our area library but
I think I learned more clear from this post. I’m very glad to see
such wonderful info being shared freely out there.
Pretty section of content. I just stumbled upon your blog and in accession capital to
assert that I acquire in fact enjoyed account your blog posts.
Any way I’ll be subscribing to your feeds
and even I achievement you access consistently fast. https://dosportno1.com
Great blog! Is your theme custom made or did you download it from somewhere?
A design like yours with a few simple tweeks would really make
my blog stand out. Please let me know where you got your design.
Thanks a lot
Do you have a spam problem on this site; I also am a blogger, and I was curious about your situation;
we have developed some nice practices and we are looking to
swap methods with others, be sure to shoot me an e-mail if interested.
Thankfulness to my father who told me about this blog, this web site is in fact awesome.
Really when someone doesn’t be aware of afterward its up to other users that they will help, so here it happens.
Awesome blog! Is your theme custom made or did you download it from somewhere?
A design like yours with a few simple tweeks would really make my blog stand out.
Please let me know where you got your theme.
With thanks
What’s Happening i’m new to this, I stumbled upon this I
have found It absolutely useful and it has
helped me out loads. I am hoping to contribute & aid other customers like its helped me.
Good job.