Why is CNN being accused of Rug Pull?
-----
On Monday, CNN revealed that their NFT project "Vault by CNN" was coming to an end.
As a marketplace for its own NFTs, Vault by CNN was established to "provide collectors the chance to own a piece of history."
CNN reportedly earned more than $300,000 from the transactions, according to a Press Gazette investigation from April.
The cryptocurrency community criticised CNN for pulling a "rug pull" by ending the NFT project.
CNN stated plans to pay customers who "joined them in the trial" in a Discord channel for the service.
The stoppage was not specifically explained by CNN. But this choice could have been made as a result of falling NFT sales.
The "CNN Defining Moments" token honouring Nelson Mandela's release from jail cost $77 and was the final NFT purchased on the open market.
Thanks for watching
this story.
Learn more about
NFTs, Metaverse,
Cryptos, Blockchain
at
www.beardynerd.com
Click Here
to
Read More...