Tyler defends Pudgy Penguins founder Luca Netz against criticism pointing out he gave Pudgy Penguins holders $80,000 each in one of the biggest NFT airdrops in history “Luca gave everyone $80,000 for holding a Pudgy Penguin NFT. It was the second biggest airdrop in NFT history behind Bored Apes and ApeCoin” “All you had to do was hold a Pudgy Penguin. You got $80,000 for it. So I don't know how any holder can be upset at Luca in any way” “Yes they went off and did Abstract and I think they gave it their best go. Maybe you could argue they could have perhaps failed faster. I don't know. That's a hard thing to do” “I’m sure they didn't want to fail. It's a tough game and also there was a lot of things that shifted” “A lot of people thought consumer was the way to go and then it actually turned out it was institutions. That's the only chains that have made it” “Now they're catching all the backlash, all the dunking, even though he kind of stood up and ran one of the most successful NFT projects of all time”

I agree Luca has done a lot for the space, and i'm not gonna shit on the hand that fed me, but what happened with Abstract is right there for everyone to see. Call it a bad investment, a rug, a flop, whatever, at this point, the labels don't matter, the facts do. Team promised an airdrop based on weekly XP, people spent months interacting with the portal, dropping money on badges (we're talking millions here) and farming XP, all with the expectation that it'd eventually pay off, then the team pulled the plug, saying the chain costs were unsustainable. Call it whatever you want, the promise wasn't kept. And the bigger issue is the precedent this sets for other L2s, if this gets swept under the rug, what's stopping the next L2 from dangling an airdrop in front of users, getting everyone to spend money and farm points, then pulling the plug when things go south? If nobody holds these teams accountable, we're basically telling every L2 they can do the same shit and get away with it. If this is the kind of Web3 we're settling for, then fuck it, anything goes.

The Hall of Noobs is now live! gigaverse.io/hall-of-noobs/a… The Hall of Noobs v1 memorializes & honors the inaugural Gigachamps, the Noobs that gathered the most Hard Cores during The Awakening Event.

Just had a photo with @LucaNetz 🐧

NEW PFP

I genuinely believe Adam means well here, and supporting a community you love is admirable. 🖤 But a floor held up by one wallet isn’t a recovery. Small collectors who buy in on this signal will be the ones left holding when the support isn’t there anymore.

Oh look, @pudgypenguins completely cooked. They tried to buy my silence for a pathetic $2500 through their little errand boy @Solana_Emperor and got told to go fuk themselves under the penguin’s tail. Tell your owners they can shove that pocket change straight up their penguin ass.

This weekend I wanted to support one of my favorite collections during a difficult time. Decided to buy 117 Pudgy Penguins on chain to spread confidence for the community I have grown to love. Wanted to support this OG project that’s bringing happiness to many. The Huddle will stay strong. Return to Pudgy Penguins.

🚨 SERIOUS QUESTIONS ABOUT LUCA NETZ AND PUDGY PENGUINS 🚨 Before investing your money in @pudgypenguins NFTs or $PENGU, I strongly encourage you to watch this video and investigate the background of the person leading the project. Luca Netz, legally known as Luca Schnetzler, acquired Pudgy Penguins in 2022 and became the public face of one of Web3's most recognizable brands. But his past deserves far more scrutiny than it receives. In this footage, Luca describes making thousands of dollars a night from events, facing police intervention, and realizing that his age affected his contractual liability. His own words are especially troubling: “I was clocking four, five, six thousand dollars a night probably.” “Then I realized I was getting away with it.” “Because my signature wasn't binding.” “Then the liability would always go back to the owner eventually.” Read those statements carefully. The issue is not whether someone made money at a young age. The issue is the apparent attitude toward accountability and the consequences borne by other people. When someone is responsible for a major Web3 brand involving substantial financial exposure, that attitude deserves public examination. And the questions do not end with this video. Check for more: docs.google.com/document/d/1… You are a scammer Luca Schnitznel. We will never forget or forgive you for what you have done to the @AbstractChain community.