Molly White exposed Cryptoland, a digital private crypto island, in a Twitter thread a few months ago, highlighting the brand’s ludicrous promotional video.
Molly White uncovered the “scammy” character of the crypto project Cryptoland by pointing out inconsistencies in the firm’s business strategy as well as several warning flags, such as a Seychelles address. And there’s more.
This criticism drew a lot of attention, resulting in a torrent of multiple detractors, and Cryptoland’s support dwindled as a result. Despite the reaction, the founders have so far refused to respond to any queries.
For more than a year, Molly has managed to expose, disprove, and deconstruct many web3 initiatives that fraudulently target mainstream investors. She’s even included a number that’s supposed to represent the amount of money lost on projects she’s worked on.
The number may be found in the bottom right corner of her webpage and is likely to blow your head off. While witnessing NFT purchases on a daily basis has acclimatised us to the magnitude of the term Million, it’s still difficult to comprehend when the amount lost in web3 projects covered by White totals about $10 billion. That’s right, you read that correctly.
This figure provides a strong case against the entire web3, which explains why White has received some pushback from the community. Many people misunderstood her art as an attempt to depict space in a negative manner.
But, according to White, her job is crucial in legitimising the area and ensuring that mainstream investors like you and me aren’t exploited. Part of the reason why White’s blog entries are “snackable” is that he recognises the paucity of time that anyone interested in the sector may have and the necessity to stay informed.
Molly has established herself as a crypto critic since launching her blog, “Web3 is working just fine,” in February. Since then, she’s debunked countless cryptocurrency ventures that defraud mainstream investors by tricking them into investing in projects based on false hopes and get-rich-quick schemes.
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