Recently, rapper Soulja Boy set an unexpected record in the world of NFTs and web3, becoming the first rapper to rug three consecutive NFT projects, leaving his fans in dismay. Soulja Boy had legal issues related to the illegal promotion of cryptocurrencies without disclosure, but he still released a collection of Limited Edition 3D NFTs that sold out quickly.
These NFTs promised exclusive content and advantages, but a crypto detective discovered that the collection had copied the Ferrari logo, leading to its delisting from OpenSea. A knockoff version of the collection still exists, however.
Soulja Boy’s actions highlight the lack of oversight and user protection in the web3 industry. As the industry matures, it is necessary for the community to learn from these incidents to create a more secure and trustworthy environment. This is critical for the future of web3.
