AOFverse points apology and divulges extent of stress from NFT whales

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

The statement was posted on X, and is an try and clear the popularity and clarify why the corporate, and its outsourcing crew, acted as they did.

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

The occasion itself turned out extra common than anticipated, and plenty of early supporters, whom the mint was meant 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 greater than the crew had anticipated. In any case, the free NFTs give homeowners 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 nevertheless.

Quick ahead to the times forward of the controversial AFG token airdrop. The AOFverse crew 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 ultimately agreed and introduced. However the evening 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 enjoying the sport constantly however hadn’t made it to the NFT whitelist again in November.

So, the crew declined that proposal too, which led to some main NFT holders dumping their belongings and inflicting the value 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 had been affected by the dump, and says it’ll try to revive belief. In that context it’s introduced a brand new airdrop marketing campaign.