Blockverse Revealed As NFT Scam

Developers cut and run with over $1 million.

Today must be a day ending in Y, because yet another NFT game turned out to be a scam. Blockverse, for those who haven’t heard of it, was supposed to be a blockchain-based pvp server built on top of Minecraft using NFTs from the blockchain. It also promised play to earn mechanics. If none of this makes sense, you’re probably too smart to be scammed by such a ridiculous proposition.

However a lot of dummy investors looking to make short term profits off of the idea were not, and the concept sold out within eight minutes to the tune of 500 ETH ($1.3 million USD).

Oh and Blockverse? It was a massive scam. The Discord is now gone, the website is gone, social media abandoned, and it looks like the rug has been pulled from under buyer’s feet. The incident has led Twitter account NFT Ethics to question whether a centralized authority should be established to vet NFT projects. A concept that would be funny if it wasn’t so stupid.

With NFT schemes proving to be a veritable playground of fraud and thievery, those looking to get in early on NFT games should remember the age old adage; let the buyer beware.

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