Goobers NFT Project In Trouble As Founder Gambles Away Investors’ Funds

Coingapestaff
January 4, 2023
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Goobers

The well-known Twitch streamer DNP3, who founded a number of businesses including the metaverse platform Gridcraft Network and NFT collection Goobers, However, he acknowledged using investor funds for gambling on Tuesday.

During his Twitch stream, he admitted to having a severe gambling addiction.

Goober’s founder claims he was dissatisfied.

DNP3 asserted in his statement that he used every dollar he could find in an effort to win. DNP3 claimed that despite making significant gains, he ultimately lost it all because he was dissatisfied. After spending every last penny of his personal savings, he claimed that, in order to make up the difference, he turned to investor funds. Although he understood that his actions were reckless, he also knew that it was too late to undo this error.

The publisher of Twitch claimed that in addition to losing his confidence, he also went bankrupt financially. He continued by saying that he worked with a support group to get out of this mental state.

Goobers sold a total of 968 ETH.

How much money has been lost is unknown. Following the announcement, CluCoin’s price fell by 72.25%, and The Goobers project’s market capitalization fell by 20.5%. The Goobers sold 968 ETH in total, or roughly $1.1 million, according to CoinGecko.

According to CoinGecko, today’s Goobers (GOOBERS) price floor is $21.12, with a 24-hour sales volume of 0.8 ETH. As of today, there are 14575 NFTs in circulation, with 4375 unique owners and a total market cap of $307,755.73.

Onepad has also been involved in gambling.

Similar circumstances were evident in the case of the NFT launchpad, Onepad. Shankkar (of the OnePad Team) made the decision to gamble away every penny that the launchpad had earned, and he ultimately lost it all very quickly.

However, Shankkar left the project soon after accepting six months’ pay plus 2% of the profits. Onepad announced that it would close in April.

These situations shouldn’t be sympathized with because they involve misappropriating client funds, a crime that is subject to the law.

Also Read: What Are Music NFTs? How Are They Changing Music Industry?

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.