Home Blockchain The NFT project was actually a “social experiment” designed to shed light

The NFT project was actually a “social experiment” designed to shed light

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The NFT project was actually a “social experiment” designed to shed light

Source: blockchain.news

Little Shapes NFT was first envisioned as a “social experiment,” as revealed by Atto, the project’s pseudonymous creator. The goal of the “social experiment” was to expose large-scale non-fungible token (NFT) botnet fraud on Twitter.

Since the end of December 2022, Little Shapes has been receiving a lot of attention from the crypto community and the media. This is because the founder of the company appeared in multiple tweets that went viral, detailing events from his life that sounded too fantastic to be true.

A man woke up after being in a coma for five months, found out he had assets locked up on FTX, told his wife, and later found out she had been cheating on him with other people in the NFT business. These are just some examples.

However, the exhibition was based on real events. “This is how a ring of influencers and entrepreneurs sucked over $200 million from the ecosystem through 274 projects,” Little Shapes NFT stated, adding that: “Over the course of the past year, NFT Twitter has been managed and controlled largely by a lone Twitter botnet.” Most of its appearances were in February 2022 and it was used in combination with a network of influencers and beta testers to sell projects.

The actual document has a header that reads: “The internal NFT botnet that has been dominating the market behind the scenes.”

It claims that since February 2022, a large number of low-level NFT companies have used botnets to artificially build excitement and legitimacy in an effort to defraud investors. This was done in an attempt to mislead investors.

During a February 2 interview with BuzzFeed News, Atto, who is also the creator of BALLZNFT, referred to Little Shapes as “performance art” and emphasized that “people don’t pay attention until you give them a reason. “. “

He added, “I needed a story that would sell to make sure no one would ignore a story that hurts,” and that’s exactly what he did. “I needed a story that would sell.”

The document refers to botnets like “Dmister” that provide social media engagement as a crucial channel for NFT projects and only cost around a hundred dollars for every thousand likes, retweets, and replies purchased.

The BALLZNFT team even promoted Little Shapes NFT using Dmister as an example of how it works to get their product out there.

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