ZachXBT: Zcash NFT project zkSNARKs raised $17 million with no utility
- —8,000 NFTs were distributed at 1.5 ZEC (~$2,190) each
- —Total trading volume was 25,305 ZEC (~$36.94 million), with 13,309 ZEC (~$19.43 million) returned
- —The project raised about $17 million with a 10% team reserve and 5% royalties
- —ZachXBT compared the scheme to a fraudulent Ordinals model
Why it matters: A scam on Zcash undermines trust in the ecosystem amid growing interest in privacy coins and could increase regulatory scrutiny of NFT fundraising.
Source: ChainCatcher 链捕手