Coinposters
Lana Rhoades, an ex-adult film star turned social media influencer, has abandoned her NFT project dubbed CryptoSis and fled with funds raised by the project’s community.
According to a recent report, Rhoades decided to abandon ship less than a month after unveiling the CryptoSis NFT Collection, withdrawing an estimated $1.5 million in investor funds.
The explosive growth of the NFT space has attracted a number of creators, collectors, and investors. Last year, Rhoades announced her CryptoSis project, which was set to introduce several other adult film personalities to the NFT industry.
According to Rhoades, the CryptoSis NFT Collection would include various tokenized cartoon images of the actress, which would become extremely valuable. Rhoades became the first film star in her industry to jump on the NFT bandwagon as a result of the project.
Using her celebrity, she allegedly grew the project’s investor pool to over 100,000 members in just a few days without using any paid advertisements. The platform’s TikTok account (now deleted), @CryptoSisNFT, gained over 50,000 followers in less than 48 hours, with one of the videos receiving over 3 million views.
According to Rhoades, investors were drawn to the CryptoSis project because of its massive potential and wanted to be a part of its journey. Rhoades did not present the CryptoSis NFT Collection to her fans as purely digital artworks when marketing it to them. She claimed on several occasions that they were valuable investments that would grow in value as more investors came in.
She claimed that she was working to raise the value of CryptoSis and make it a profitable investment for holders, allowing them to sell it for more than they paid to mint it. She also mentioned that the project would kick off a sort of NFT franchise, and that other actresses have agreed to create their own collections.
Even though some found these assertions to be unpersuasive, others invested because the project’s roadmap promised to reward investors with a variety of incentives once NFT sales attained a certain threshold.
However, in a tragic turn of events for CryptoSis NFT investors, Rhoades cashed out the $1.5 million raised by the community and left the space, claiming that users had become negative and rude to her.
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