ZachXBT raises concerns about Moonrock Capital’s unfair distribution tactics in NFT project incubation, potentially harming retail investors.
Responding to a tweet from Simon, CEO and partner of Moonrock Capital, crypto detective ZachXBT mentioned the fundamental principles of Web3, stating, “You incubated multiple projects in the last cycle that directly harmed retail traders through imbalanced allocations, so I’m not sure you should be talking about the fundamental principles of Web3.”
The projects called out by ZachXBT include Degen Ape Academy NFT and Punks On Solana NFT.
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