>Sacramento Kings player De’Aaron Fox announced his “SwipaTheFox” NFT project in mid-December, and the “high utility NFT collection” went live on January 15. The project roadmap promised a metaverse basketball court, a scholarship to a University of Kentucky student, and chances to win all-star gaming tickets, as well as “much more to come”. The project had over 100,000 people in its Discord, and pulled in about 475 ETH (about $1.5 million at the time).
>Suddenly, on February 23, the project deleted its social media accounts and most of its Discord. Fox wrote in the remaining Discord announcements channel that “The time and attention that y’all deserve and that I wanted to give you all/what this project requires, was not known to me and I overstepped and stretched myself too thin, trying to do this project in the middle of an NBA season.” He promised to send anyone who bought more than five NFTs (which would have cost ~0.4 ETH, around $1,300, if bought at mint price) a signed jersey (thanks I guess!). Meanwhile, Fox made no apparent effort to communicate publicly that the project was shutting down, such as on his personal 288,000-follower Twitter account where he had previously been hyping the project.
>I want to address an NFT project we launched recently. The project launch was ill timed. I delegated certain aspects to the launch of the NFT in an attempt to partner with professionals. We weren’t happy with the execution & demand on my time and attention during the NBA season.
>This project is about a brand that will continue to grow, but I have obligations that I must fulfill to the Sacramento Kings and their loyal fan base. They deserve all of my attention.
>As I stated previously, I look forward to doing this again the right way and adding value to my NFT holders. I’m excited to learn from the entire NFT community as well. The project will be updated at the conclusion of the NBA season.
Link to his stats and salary:
He averages 1.34 steals per game.
Twitter thread by The Sporting News
>Many investors felt the project was safe because of De’Aaron Fox’s status. They felt it was unlikely someone with a $163M NBA contract would walk away from the NFT project with a few million.
NFT holder on De’Aaron Fox:
>”I would just like him to know that he’s a crook, true and true,” Loaded Lion said. “I’ve never seen someone act so despicably. To lie about giving away scholarships, diverting all funds, taking funds away from people who are way poorer than him. It’s really low.”
33 thoughts on “NBA star De’Aaron Fox ditches his NFT project after raking in $1.5 million. He promised to send anyone who bought more than five NFTs (worth 0.4 ETH or $1,300) a signed jersey. His guaranteed NBA salary in the next 5 years is $163,000,590.”
Looks like he’ll be leading the league in steals this season
When you know what your selling is so worthless that you need to offer signed shirts to give it value…. Change the words crytpo to stock market and he would be in prison.
rich people getting richer scamming their fans.
FUCK THESE CELEBRITY PROMOTING ASSHOLES
Genuine question. Don’t mean this combative, but just don’t understand the NFT space that well.
How does someone abandon a project here? Did people buy NFTs and then not get them? What’s bad if the NFT is created, the person gets it, and the organizer bails? Don’t you still own the NFT?
I hope he’ll be stuck on Sacramento Kings ofr the rest of his career.
I’m sorry but if you base your investment decisions on celebrities promoting their shit then you really shouldn’t complain when you lose it all
Lana Rhoades vibes with a touch of Scott Tots sprinkled over it.
Wow like the nicest rug pull ever…fuck celebrities dont trust anyone except your mama..
I don’t feel remotely bad for the people who were dumb enough to buy in.
A signed Jersey…? Cmon lol
Stop idolizing dumb celebrities and athletes! Its better for your mind and wallet!
Look how fast the SEC or other authorities jump on this to protect us….anytime now……anytime……..
NFTs = the Gold Rush of 1849.
The year is now 1855. No more gold, but lots of “promising mines” for sale.
What a fucking **scum**.
His nickname isn’t Swipa for nothing
Swiper no swiping? Jk got em
Rug pulls should equal jail time
Great. Maybe people will stop buying bullshit NFTs now?
coffeezilla where u at
Well, if the US government wants govern crypto and to tax US citizens on this stuff then send the SEC after these people for fraud.
I’ll never comprehend how someone that rich has the audacity to steal from your average Joe.
Why are redditors so obsessed with regulation?? If you buy a shitty nft made by a scammer hoping you would resell it on opensea and have it be worth more than 10 eth then you get what you deserve. The government isnt gonna come ruin crypto and tax the everliving fuck out of it even more and ruin it for the rest of us just because you’re very low IQ.
You ignored the red flags because you’re greedy and thought you were going TO DA MOOOON.
Well, guess it’s worth it stealing from your supporters for a 1% increase in your 5 year salary.
Maybe he needed the money to pay off his college loans.
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Stop listening to celebrities
Don’t worry everyone, they might get a jersey out of it
> I look forward to doing this again
Yes, you do, don’t you 🤣🤣🤣
Wow. Another rug pull. I’m sooooooo shocked
Someone should tell him that stealing is only allowed on the baskeball court
What an asshole
> He averages 1.34 steals per game
I guess he found a better career where he can be truly famous
>He averages 1.34 steals per game.
Is that one of them? If yes, that’s one of the worst low effort nfts I’ve seen.