What Occurred to the Momoguro NFT Assortment?July 21, 2023
Momoguro, self-advertised as one of many best NFT games, is the newest NFT undertaking put beneath investigation by its NFT neighborhood who claims it’s all a rip-off.
- The NFT undertaking Momoguro is beneath investigation by its neighborhood, accused of being a rip-off.
- The undertaking claimed to be a revolutionary web3 recreation backed by Emmy-winning Baobab Studios and Disney, however proof exhibits inconsistencies and lack of updates.
- Crew members have been accused of making the most of the undertaking, and the NFT neighborhood is working to show scammers within the area.
What’s The Deal With Momoguro?
Momoguro first launched on social media as a revolutionary web3 recreation. The RPG’s storyline facilities round Momos – fantasy species gamers can earn, acquire, and commerce to evolve. In response to their official platform, Momoguro is backed by Emmy-winning Baobab Studios, and creators Nico Casavecchia and Martin Allais.
As well as, the undertaking additionally mentioned the sport would develop into a worldwide IP with its personal TV present backed by Disney. Whereas Disney is a main investor in Baobab Studio, it’s not linked to Momoguro in any means, Twitter consumer @lokithebird factors out.
In reality, that is simply one of many first issues the undertaking’s neighborhood accuses Momoguro of.
Was The Gameplay a Lie Too?
In response to Loki The Chook, the web3 recreation has a number of limitations and an general decrease high quality than it was marketed. Each time the undertaking’s neighborhood requested particulars in regards to the recreation, the founders provided imprecise solutions.
Discord screenshots from Loki The Chook revealed solutions reminiscent of ‘it’s an NFT RPG recreation’ or ‘It’s not a click-a-button kind of recreation.’ These solutions are even stranger provided that it was allegedly already in its beta model.
What’s extra, the workforce printed the gameplay video a few days after the launch (which is uncommon for large studio web3 video games). The debut drop launched for 0.22 ETH / piece. Accordingly, Baobab Studios provided solely 5% of their income for future recreation improvement.
Quick-forward to seven months after the launch and the Momoguro workforce didn’t give any updates on their world IP roadmap. Furthermore, the workforce didn’t supply any updates on its world cross-promotions, advertising and marketing methods, or social media campaigns. Their Twitter feed was scarce, and so they stored promising the neighborhood that the whole lot would occur quickly.
All through this time, Momoguro insisted on Baobab Studios’ involvement within the undertaking. Nevertheless, the NFT neighborhood’s investigation revealed that the corporate solely confirmed up as soon as all through the undertaking. Even when it have been extra concerned, Baobab Studio has little expertise in creating worthwhile IPs, investigations revealed.
Who Are the Crew Members?
Momoguro’s Head of Advertising and marketing goes by the username @Inside_Tokens and the Advertising and marketing Supervisor is @Mitchell. Surprisingly, the neighborhood’s investigation revealed LinkedIn screenshots of Inside_Tokens bragging about getting $7.6M from the undertaking’s holders.
Within the meantime, the Head of Advertising and marketing has deleted that a part of his profile description:
To conclude, this investigation is one more piece of proof for a way deceiving the NFT area will be. Nevertheless, customers reminiscent of Loki The Chook or the long-lasting crypto sleuth ZachXBT hold combating again, exposing scammers to forestall future harm.