Aaron Avruskin, co-creator of the banned Instagram account “@NFT” is back to garner investors for his latest Lil Baby NFT game project titled “Rollies”. The @NFT account was banned across Instagram and Twitter for allegedly promoting scams and rug-pull NFT projects.
Is The Lil Baby NFT Project A Rug Pull?
The @NFT Instagram handle falsely listed Mark Cuban as a co-founder of the project. At one point, the handle also used to charge upwards of $100,000 for paid ads. Furthermore, these ads were published without disclosure. The creators of the account were accused of allegedly promoting scams and rug-pull NFT projects in their time of operation.
One of the co-founders of the account Aaron Avruskin returns with his latest crypto venture. The project is a web browser-based crypto gambling game with rapper Lil Baby as a partner/collaborator. Titled “Rollies”, the NFT project has been in development since January 2022, and currently seeks $6 million in seed funding. The official @NFT account was banned on social media platforms in February 2022.
What Does The Banned Instagram @NFT Founder Have To Offer?
The pitch deck claims Rollies has already secured Doodles, Pudgy Penguins, Sappy Seals, and other projects as partners in the endeavor. Although, some of the founders and teams across these projects have denied these claims. Moreover, the project promises its holders a “free” Lil Baby NFT drop. The deck by the banned @NFT Instagram founder claims that the Rollies project contains between 50,000-100,000 Lil Baby NFTs. The project also aims at sponsored tournament events and multiple NFT drops as its business model.
To add to this, Rollies also aims to “deploy subsequent funding” and launch a native token. There are no further tokenomics explained in the pitch deck. Another “phase” of the project sees rapper Lil Baby launch a “culture fund” for the project. The fund, it seems, is to help “black and brown” entrepreneurs navigate the tech and business world of today. The Rollies project, as far as VCs are concerned, is
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