Kevin Rose Sells $1.2M of NFTs, Deletes Posts Amid Backlash
Kevin Rose Sells $1.2M of NFTs, Deletes Posts Amid Backlash
Kevin Rose, co-founder of PROOF and now Yuga-owned NFT collection Moonbirds, has responded to backlash following the sale of…
The post Kevin Rose Sells $1.2M of NFTs, Deletes Posts Amid Backlash appeared first on NFT Plazas.
Kevin Rose, co-founder of PROOF and now Yuga-owned NFT collection Moonbirds, has responded to backlash following the sale of $1.2M of his NFT collection in a now-deleted series of posts on X.
The controversial figure – who has changed his profile on X to promote his eponymous interview series ‘The Kevin Rose Show’ – explained that he was “diversifying versus praying a single collection or bag works out”, amid a belief that “classic cryptocurrency will outperform”.
Kevin also transferred CryptoPunk #6419 in a rumoured sale to @mulligan, plus burned two of his ENS domains and revoked the record for his main domains in a move he claims to be in the interests of privacy.
How has the community reacted?
The sales – which included 142 ETH ($562,320) for Fidenza 531, and 151.2 ETH ($598,752) for XCOPY’s 1-of-1 “When Airdrop?” – were picked up almost immediately by the community on March 9, resulting in widespread backlash that was spearheaded by noted Moonbirds holder JayJay in a series of posts on X.
Kevin took to X on March 10 to explain his actions in a set of now-deleted posts, noting that he believes “mass adoption is still further out”, and that he is “still collecting” – although the community fears he’s turning his back on an active role in web3.
This is the latest in what’s been a busy 2024 for the prominent web3 figure, following the sale of PROOF Collective – which includes Moonbirds, Oddities, Mythics, and the Grails exhibition series – to Yuga Labs in February.
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Hey there, I'm Rhys, the driving force behind this blog. I'm not your typical blogger; I bring a unique blend of tech expertise and storytelling finesse to this digital space.
From HTML and CSS to the MERN stack and beyond, I'm all about making the tech world accessible. I also wear the hat of a skilled writer, weaving complex concepts into engaging narratives.
Here at codetechies, you'll find a mix of Health, Lifestyle, Business, Technology, Latest News, Sports, SEO, Travel, Science, and Politics. It's not just code; it's the stories tech tells.
When you read my blogs, you're embarking on a journey with me. I'm dedicated to delivering valuable and engaging content. Your satisfaction is my ultimate goal, and I'm here to answer your questions, spark discussions, and provide the best content possible.
So, welcome to Codetechies, where tech meets creativity, and where my passion for web development and writing combine. Let's explore, learn, and engage together!