This is the worst NFT art reveal of all time...
Pixelmon Disaster
The art was recently revealed for a major NFT gaming project that raised $70 million. I may be wrong about this but from what I heard, the original mints cost 3 ETH each.
The revealed art was... underwhelming.
https://twitter.com/icebergy_/status/1497369309772922885/photo/1
- icebergy_
https://twitter.com/Pentosh1/status/1497386559426818049
- Pentosh1
https://twitter.com/zachxbt/status/1497370216690503687
- zachxbt
Then it got worse.
The CEO Lied About The Art Process
https://twitter.com/cobie/status/1497618172530278401
- cobie
https://twitter.com/cobie/status/1497633922666184707
- cobie
Looks like while the leader of Pixelmon, Syber, claimed to be having their "Art Team" work on these assets... there is clear evidence that at least some of these NFT art assets were made by freelancers hired on Upwork.
Given the extreme cost of these NFTs (3 ETH to mint, if that's right), the idea of outsourcing the art to Upwork is absurd.
When Will People Learn?
It still feels like many NFT projects are massively overvalued and hype can be generated without substance again and again.
I don't feel bad for investors in this project, I think you have to learn your lessons from backing dumb stuff like this. Damn though, that is a lot of money.
You can get more of my thoughts from the video.
