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In October of this yr, controversial rapper Tekashi 6ix9ine shared an Instagram put up that has since been eliminated that touted his new Trollz NFT assortment.
The truth that the NFT challenge was being promoted by Tekashi 6ix9ine was met with a lot skepticism, together with an article revealed by Rolling Stone with the headline “Known Racketeer Tekashi 69 Is Peddling New NFTs for ‘Charity’”.
Quick ahead lower than two months and Rolling Stone is again with one other report on Tekashi 6ix9ine’s Trollz NFT assortment and it might seem that their, and others, skepticism was properly warranted.
‘A Huge Scam’: Followers Who Purchased Tekashi 6ix9ine-Backed NFTs Are Pissed https://t.co/6m2UEpHC3g
— Rolling Stone (@RollingStone) December 17, 2021

Associated: Keanu Reeves Talks About The Metaverse And Cryptocurrency, Laughs At The Concept Of NFTs
Within the article, a crypto fanatic and investor named Jacob, who’s been learning blockchain tech since 2017, tells Rolling Stone that he spent round $40,000 on Tekashi 6ix9ine’s NFTs.
“It turned out to be a huge scam,” Jacob revealed.
…the organizers insisted — on each the web site and the Trollz Discord server — that giving again to charity was an integral a part of the challenge’s mannequin. Not solely did they promise to donate a complete of $100,000 to 5 totally different charities upon promoting out, royalty-holders had been alleged to be given governance energy, permitting them to “vote on all decision making and what to do with the funds,” in line with the Discord, which additionally highlights “weekly competitions and raffles” — separate from the boxing sport — as a “key benefit” to being part of the group. In response to the web site, “anything promised on Trollz web/Discord will be delivered.”
Jacob minted 82 Trollz NFTs — and later purchased extra from the secondary market. He has but to obtain royalties or entry to any type of sport. (On Oct. 29, one organizer introduced that the sport could be finalized in “the next few days.” On Nov. 1 — the final time the sport was talked about on the Trollz Discord server — they backtracked to say it was nonetheless “being revised.”) He has not seen a single raffle nor proof of philanthropy. He additionally says {that a} Discord channel for verified Trollz holders has not opened up as promised.
One moderator named Trollz blamed a number of the points on hackers.
“A few minutes prior to our launch, we were attacked and scammers hijacked our server and sent a fake website ending in .com to all channels,” he wrote.
However primarily based on screenshots of since-deleted Discord messages by a moderator known as Vamp, the blitz got here from the internal sanctum itself when one other one of many challenge’s moderators went rogue: They “basically took over a bot and tried to ruin the project,” wrote the moderator. In response to Jacob, and 5 different Trollz house owners who spoke with Rolling Stone, bots began spamming all the primary channels with faux minting hyperlinks, and many individuals despatched cash with out getting something in return. (On YouTube, there’s what seems to be a leaked recording of the moderators’ personal Discord channel in the course of the hack: There, organizers may be seen panicking, typing messages to 1 one other like “werr fuckdd,” “WHERE ARE THE LEAD TROLLS,” “DID ALL THE LEAD TROLLZ LEAVE? WTF IS GOING ON,” “IT WAS ONE OF THE STAFF MEMBERS, SMFH.”)
Jacob, together with 11 different members, began their very own Decentralized Autonomous Group (DAO) in try and mitigate all the issues they and different buyers have encountered. They hope that their story will finally result in extra, a lot wanted regulation.
“Scammers are making promises they’re not delivering on, and they’re doing it like clockwork,” says DAO member TrollerRoller. “Every month, some celebrity cosigns something, and people are getting screwed — and there are no legal repercussions for any of this. That’s the bigger issue at play.”
In the meantime, Tekashi 6ix9ine has not commented any of the claims in regards to the NFT challenge being a rip-off and seems to have tried to distance himself from the challenge solely.
Learn the complete, very in-depth report over at RollingStone.com.

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