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Details: ht
NFT Community Shocked: Lana Rhoades Abandons Project After $1.6M Raise
In January 2022, former adult film star Lana Rhoades launched her NFT collection called CryptoSis, consisting of 6,069 non-fungible tokens. The project quickly gained traction, with Rhoades selling each digital asset for 0.1 Ethereum (approximately $260 at the time), generating a total of $1.6 million from eager investors.
###Project Promises vs. Reality
The CryptoSis collection was marketed with an ambitious long-term roadmap designed to attract NFT enthusiasts. Rhoades promised investors several enticing benefits, including:
However, the project took a dramatic turn when Rhoades withdrew all funds from the CryptoSis crypto wallet and abandoned the project entirely. When confronted by disappointed investors, she justified her actions by citing negative and rude comments she had received during community interactions in the project's Discord channel.
###Community Response and Aftermath
Following the fund withdrawal, the floor price of CryptoSis NFTs collapsed, leaving investors with virtually worthless digital assets. Despite mounting criticism, Rhoades has refused to acknowledge any wrongdoing or offer refunds to affected investors.
This incident has drawn significant attention in the NFT space, with many drawing parallels to other celebrity-backed NFT projects that failed to deliver on promises. According to data from tracking platforms, the CryptoSis collection now shows minimal trading activity, with most holders unable to recoup their initial investment.
Digital asset analysts point to this case as an important reminder for investors to thoroughly research NFT projects before committing funds, particularly those promoted primarily through celebrity endorsements rather than technical innovation or utility.
For those interested in exploring the NFT market, many trading platforms now offer enhanced due diligence tools to help evaluate project fundamentals, team credentials, and community engagement before making investment decisions.