888 Project Comes Under Fire For Its Eye-Watering New Mint Price

The 888 NFT project was trending yesterday due to its exorbitant prices, with some even accusing it of being a cash grab.

If you’re unfamiliar with the whole story, keep reading.

What is the 888 inner circle project anyway?

Recently, Gala Games collaborated with Grammy-nominated music composer, BT to release a special NFT collection called “The Orbs” comprising 3000 NFTs. The collection will release today, i.e., on February 14th.

However, 888 Orbs are reserved for members of the 888 Inner Circle NFT project.

Basically, the 888 inner circle is a collection of 88,888 NFTs. Where 2455 Orbs will go on sale in a Dutch auction starting at 11.11 ETH over a 48 hour period and ending at 8.88 ETH. Moreover, the community is enraged by the outrageous prices. While the project is selling an NFT for 62 million dollars, it is still not granting a commercial license to use the audio NFT. Many members are already calling the creators “greedy”, while few are praising the project including Paris Hilton.

What are the various allegations?

The crypto Twitter is allegedly calling the project a cash grab. In a series of threads, @lurvli discussed majority red flags associated with the project. Firstly, he talked about how the creator has overpromised and under-deliverred the previous project “The New World”. Secondly, two of the core leaders of the project abruptly left without saying anything. @lurvli1 also addressed how the promised partnership with Cool Cats never happened. Also, a poor organization led to the closing of their original discord server and making a new one.

After, the “The New World” project, the creator of 888 inner circle announced, ” We are Eternals”. However, the last announcement about the project was in November.

Apart from the above-detailed analysis, @NFT ethics shared a couple of screenshots where Crypto888crypto was shilling low Market Cap (MC) altcoins. Subsequently, he signed up

Lastly, @NFTethics also shared some tweets where @crypto888crypto was allegedly harassing women.

Besides, the people who are asking about the allegations on discord are getting banned from the channel.

The supporters

Despite the heated debate against the 888 project, some still see it as a great NFT collection. @Blindfreddie_ wrote how Gala has a good reputation and the other claims are trying to tarnish the brand. He further adds “The price of the dutch auction was agreed upon and set by both BT and Gala. Since the realm partnership between Gala. The IC, 888 has given the IC members a unique opportunity to burn 3 genesis for a piece of BT’s collection.”