{"id":3742,"date":"2023-02-14T15:15:07","date_gmt":"2023-02-14T15:15:07","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/14\/controversial-nft-instagram-co-founder-back-searching-for-new-investors\/"},"modified":"2023-02-14T15:15:07","modified_gmt":"2023-02-14T15:15:07","slug":"controversial-nft-instagram-co-founder-back-searching-for-new-investors","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/14\/controversial-nft-instagram-co-founder-back-searching-for-new-investors\/","title":{"rendered":"Controversial @NFT Instagram Co-Founder Back Searching for New Investors"},"content":{"rendered":"

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Aaron Avruskin, co-creator of the banned Instagram account \u201c@NFT\u201d is back to garner investors for his latest Lil Baby NFT game project titled \u201cRollies\u201d. The @NFT account was banned across Instagram and Twitter for allegedly promoting scams and rug-pull NFT projects.<\/p>\n

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Is The Lil Baby NFT Project A Rug Pull?<\/span><\/h2>\n

The @NFT Instagram handle falsely listed Mark Cuban<\/a> as a co-founder of the project. At one point, the handle also used to charge upwards of $100,000 for paid ads. Furthermore, these ads were published without disclosure. The creators of the account were accused of allegedly promoting scams and rug-pull NFT projects in their time of operation.<\/p>\n

One of the co-founders of the account Aaron Avruskin returns with his latest crypto venture. The project is a web browser-based crypto gambling game with rapper Lil Baby as a partner\/collaborator. Titled \u201cRollies\u201d, the NFT project has been in development since January 2022, and currently seeks $6 million in seed funding. The official @NFT account was banned on social media platforms in February 2022.<\/p>\n

What Does The Banned Instagram @NFT Founder Have To Offer?<\/span><\/h2>\n

The pitch deck claims Rollies has already secured Doodles, Pudgy Penguins, Sappy Seals, and other projects as partners in the endeavor. Although, some of the founders and teams across these projects have denied these claims. Moreover, the project promises its holders a \u201cfree\u201d Lil Baby NFT drop. The deck by the banned @NFT Instagram founder claims that the Rollies project contains between 50,000-100,000 Lil Baby NFTs. The project also aims at sponsored tournament events and multiple NFT drops as its business model.<\/p>\n

To add to this, Rollies<\/a> also aims to \u201cdeploy subsequent funding\u201d\u00a0 and launch a native token. There are no further tokenomics explained in the pitch deck. Another \u201cphase\u201d of the project sees rapper Lil Baby launch a \u201cculture fund\u201d for the project. The fund, it seems, is to help \u201cblack and brown\u201d entrepreneurs navigate the tech and business world of today. The Rollies project, as far as VCs are concerned, is<\/p>\n

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All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n

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