Lana Rhoades, a well-known porn actor and influencer, launched her own NFT initiative last month. The idea garnered $1.5 million, promising a profitable investment.
It was all going swimmingly until Rhoades abandoned the project and vanished with the money in what turned out to be another NFT fraud, according to a recent investigation.
Coffeezilla, the famous YouTube investigator, released details regarding the elaborate scam in one of his recent videos. Rhoades’ lucrative project that turned out to be a scam was dubbed CryptoSis. The project started last month and it featured NFTs of cartoony images of the porn star. But Rhoades herself put in some effort to sell the project to her audience. According to her, the project was created with a goal to increase value for the NFT holders making it “a lucrative investment.” Moreover, Rhoades promised the holders to “sell for more than they paid to mint.”
Although it may not be compelling to some, others may not require much to justify spending money on an NFTs. Furthermore, Rhoades stated in a second social media post that the endeavor is not a one-time occurrence. She went on to say that other models had “signed to build their own lines.” The profitable initiative was also compared to a “NFT franchise,” and Rhoades emphasized that the brand and its worth will expand over time. Rhoades’ NFT project also had a roadmap that promised various incentives whenever sales reached a certain proportion.
