Proof Collective\u2019s<\/span> Ex-COO, Ryan Carson has found himself in muddy waters after his Web3 fund, \u2018Flux\u2019 was met with criticism. In a tweet (now deleted) on February 3, Carson said that he planned to raise $10 million with the help of 100 investors. However, NFT Twitter, as well as the fund\u2019s investors, were quick to notice many discrepancies.\u00a0<\/span><\/p>\n Here\u2019s all you need to know about Ryan Carson\u2019s Flux Web3 fund:<\/span><\/p>\n On February 4, Ryan Carson hosted an AMA on Twitter to answer any questions the community members may have about Flux. Furthermore, in a Twitter thread, he noted that the current Flux investors have committed $10,000 \u2013 $160,000 each.<\/span><\/p>\n \u201cIt\u2019s standard practice when raising money to secure a handful of early investors at a smaller check size and then, once you\u2019ve built momentum, require a larger minimum check size,\u201d he added. \u201cI offered a handful of friends the opportunity to invest at $10k to get things started.\u201d<\/span><\/p>\n To be sure, this is not the first time that Carson has found himself in the middle of a controversy. For instance, amid allegations of insider trading, Carson left Proof Collective early last year. Soon, he launched 121G, an NFT venture fund.<\/span><\/p>\n Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n![\"entrepreneur](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/11_Ryan_Carson_the_CEO_of_Moonbirds_has_launched_his_own_collection.jpg.webp\")
![\"Tweet](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/ryan-scaled.jpg.webp)
\n<\/picture>\n<\/noscript>Ryan Carson releases statement<\/b><\/span><\/h2>\n
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