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The founder of the $723.5 million Azuki nonfungible token (NFT) project \u201cZagabond\u201d caused a sh*tstorm yesterday after revealing that they had previously worked on three abandoned NFT projects. After facing strong backlash from the NFT community, they have since apologized for their \u201cshortcomings.\u201d <\/p>\n

The three projects in question are Tendies and CryptoPunks copycats CryptoPhunks and CryptoZunks. \u201cZagabond\u201d suggested all three had failed due to a lack of community support and other factors such as team members leaving or high gas fees on Ethereum. <\/p>\n

After releasing the blog via Twitter, most replies were in support of \u201cZagabond\u2019s\u201d honesty on the trial and error path that led to Azuki NFTs. However, other sections of the NFT community weren\u2019t as pleased.<\/p>\n

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Really don’t understand all the FUD.<\/p>\n

Just like with trading, if one of your projects is underperforming and doing poorly, you should cut your losses.<\/p>\n

Why continue to build on a failed project and waste more time and effort?<\/p>\n

\u2014 fomo maxi (@fomomaxi) May 9, 2022<\/a><\/p><\/blockquote>\n

Twitter user zachxbt didn\u2019t mince their words when they posted: \u201cSo does Web 3.0 = rugging three projects in less than a year?\u201d before going to recount some alleged misdeeds relating to the CryptoZunks developers pretending to be women in a bid to market the project. <\/p>\n

Other users like dxv_eth alleged that \u201cZagabond\u201d had agreed to build a marketplace for the CryptoZunks project and purchase parts of the metaverse in a bid to strengthen the ecosystem but failed to do so before eventually ghosting the community. <\/p>\n

After being slammed by the community and holding a Twitter Spaces chat, \u201cZagabond\u201d issued an apology earlier today, noting that: <\/p>\n

\u201cI realized my shortcomings in how I handled the prior projects which I started. To the communities I walked away from, to Azuki holders, and to those who believed in me \u2014 I\u2019m truly sorry.\u201d<\/p><\/blockquote>\n

Madonna x Beeple<\/h3>\n

Iconic pop-musician Madonna and NFT heavyweight Beeple have teamed up to launch a tokenized art collection that humbly depicts the singer as the mother of creation, evolution and technology. <\/p>\n

There are three different NFT art pieces in total, all of which depict Madonna giving birth to various either trees, butterflies or mechanical centipedes. <\/p>\n