AOFverse points apology and divulges extent of strain from NFT whales

Following yesterday’s information in regards to the dwindling group belief in AOFverse and SkyArk Chronicles, AOFverse has now issued an apology.

The assertion was posted on X, and is an try and clear the fame and clarify why the corporate, and its outsourcing staff, acted as they did.

For whereas the free Fortune Founder’s key NFT mint was initially a method to present appreciation for long-term supporters of the Military of Fortune ecosystem, the planning and execution of it overwhelmed the staff, so that they determined to outsource it. 

The occasion itself turned out extra fashionable than anticipated, and lots of early supporters, whom the mint was supposed for, couldn’t get on the whitelist. This was the primary reason behind frustration.

Following the mint, the NFT costs reached between 2-10 ETH, far increased than the staff had anticipated. In spite of everything, the free NFTs give house owners eligibility to airdrops and different advantages. Regardless of its success, AOFverse didn’t make greater than about 8 ETH (round $18,000) in royalty charges nonetheless.

Quick ahead to the times forward of the controversial AFG token airdrop. The AOFverse staff needed to negotiate with its NFT holders, who had requested for 10 million AFG tokens and 10% to be unlocked on the time of the occasion. That proposal was declined.

A second proposal, together with a 3-month cliff adopted by 15% of tokens being unlocked after which 5% unlocked month-to-month, was finally agreed and introduced. However the night time earlier than the occasion, some “outstanding holders” requested for a brand new airdrop plan, that includes 50 million AFG with 20% of the tokens unlocked right away. 

AOFverse thought of this unfair for the remaining 90% of early supporters who had been taking part in the sport constantly however hadn’t made it to the NFT whitelist again in November.

So, the staff declined that proposal too, which led to some main NFT holders dumping their belongings and inflicting the worth of AOFverse NFTs to crash. 

Inevitably, there’s by no means only one facet to those dramatic occasions. AOFverse apologised to the remaining NFT holders who have been affected by the dump, and says it should try to revive belief. In that context it’s introduced a brand new airdrop marketing campaign.