Floyd Mayweather, a retired professional boxer, will launch Mayweverse on April 13th, a new non-fungible token (NFT) initiative that will offer crypto enthusiasts a collection of 5,000 NFTs for 0.3 Ethereum (ETH) each.
Following the news, however, several users expressed their reservations, primarily because of Mayweather’s undoubtedly shady track record in the NFT industry. Given the number of NFT rug pulls the boxer is believed to have been involved in, a pseudonymous on-chain detective known as “Zachbxt” on CryptoTwitter believes it would be illogical for anyone to invest in the project.
Floyd Mayweather tweeted the following:
Floyd’s bad history with crypto space
Previously, the boxer had launched a number of NFT ventures that many users saw as slow rug pulls. Floyds World NFT, which debuted in August 2021, was the first. The developers made nearly 1,000 ETH from the minting of the 11,111 tokens, which were sold for 0.15 ETH each.
Mayweather was also a key marketer of Bored Bunny NFTs, which turned out to be a massive rip-off, with investors losing more than $20 million.
Apart from NFTs, Mayweather has a shady track record when it comes to endorsing cryptocurrency initiatives in general. For example, during his exhibition battle with Logan Paul in 2021, he was one of numerous celebrities that promoted the relatively unknown coin EthereumMax by wearing boxing shorts with its name.
Floyd’s promises about the new project
Given Mayweather’s history of alleged rug pulls and pump-and-dump operations, many have called for regulators to target him in order to protect retail investors. This time, though, the boxer argues that Mayweverse is a serious enterprise. In a direct message, Mayweather asked for Zachbxt’s negative post to be removed in a direct message, claiming that he’s “in the NFT space to stay.”
Mayweather has stated that his new endeavour “would be followed by a Metaverse,” but only time will tell if this boxer knocks out this time or not.
Read more: Floyd Mayweather and Kim Kardashian are being sued over a cryptocurrency token
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