'Evolved Apes' NFT Creator Evil Ape Disappears After Raising $2.7 Million-worth Of Ape JPEGs For Supposed Fighting Game
In a story that may come as an absolute shock to some of you, an NFT creator has scammed their buyers.
The NFT community has been rocked by a scandal involving a creator named Evil Ape, who earned 798 ETH, or roughly $2.7 million, for a collection of Ape JPEG NFTs. The idea is that the apes would eventually be contestants in a supposed fighting video game called Evolved Apes in which the "apes" would fight in battles for cryptocurrency. One week after the project launched, its Twitter account, website and Evil Ape all vanished, leaving behind a wash of buyers with Ape NFT jpegs and no fighting game.
On Tuesday, Vice first reported on the scam, reporting that an investor in the project known as Mike_Cryptobull told the Evolved Apes community that, in his estimation, "Evil Ape has washed his hands of the project taking away the wallet with all the ETH from minting that was to be used for everything, from paying the artist, paying out cash giveaways, paying for marketing, paying for rarity tools, developing the game and everything else in between."
While this undoubtedly looks like a scam, the aggrieved buyers may have no legal recourse.
"The thing is that everyone did get what they paid for, an NFT," said the community of buyers, now known as "Fight Back Apes," in an email sent to PC Gamer. "At the end of the day any promises of a game or other development fall out of the scope of your purchase."
Fight Back Apes reportedly plans to pick up where Evil Ape left off and relaunch the project on their own. Mike_Cryptobull wrote, "We will become the Fight Back Apes, fighting as a community against our nemesis Evil Ape," looking to score funding from a variety of sources to make this NFT ape crypto fighting game happen. The group will diversify the funds to prevent a repeat of the Evil Ape fiasco.
Of course, for those who aren't fans of NFTs in general, the idea of a bunch of crypto buyers shelling out thousands of dollars for arguably hideous drawings of apes only to to get scammed was pretty funny.
It goes to show that the NFT community is still a bit of a wild west when it comes to protections for buyers and sellers, and it continues to struggle to gain legitimacy in the eyes of doubters online.
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Hootanic
Oh, it was a scam all along…
Shadow_Navi_EX
Buying NFTs?
kraas
they would have been better off simply returning to monke.
Sai
Guy with "Evil" in his name shocks people after being evil.
0000000000000x0as2
Obligatory "all NFTs are scams" comment.
Pokejoseph64
Bunger, Voiced By Chris Pratt
And people make fun of gacha players.
At least THEY have a game they can use their JPEGs on.
Chouseng
Alright, now that I finished laughing like a maniac I'm gonna say that I do understand where this people are coming from.
They want to be part of the next big thing so they risk themselves to this idiotic and flawed ideas, like other Crypto currencies and now the NFT market hoping that by taking the risk and supporting and pushing it now they will make big buck in the near future.
Sadly I don't believe you can just force the same out of nowhere success of Bitcoin, And the amounf of scams will just increase.
And eventually I can see the whole crypto currency and NFT market getting regulated enough to make it unviable and collapse in the near future.
Chouseng
If anything, The current way of making it big will be the NFT and Crypto currency scams, Not the "goods" themselves. And "sadly" this Ape shit crazy story will be one more of many that we are seeing and will see in the near future.
bmxbandit
Chouseng
AHAHAHAHAHAHAHA
AHAHAHAHAHA
AHAHHHAHAHAHA
HAHAHAHAHA
AHAHAHAHAH!