Prans

$19 millions raised gambled treasury for $1.8M do you think @the77bit is the first RUGGED project? be Fanfaron > 77Bit founder > previously Ragnarok Meta NFT founder Ragnarok Meta in 2022: > mint sold 3,900 of 7,700 NFTs at 0.77 ETH each > raised $15.5 millions from mint alone, ATH FP hit 2.88 ETH > Fanfaron converted treasury to ETH at $2,900 "to diversify our treasury assets and set Ragnarok up for success" then ETH crashed from $3,000 to $993 > he kept buying on the way down as "I saw an advantageous investment for the project” > lost $1,800,000 of project treasury trading ETH > floor collapsed to 0.147 ETH from 2.88 ETH other NFT founders publicly called it out: "I can't believe I have to say this: don't gamble with your project's funds." Fanfaron said sorry, (refunded to who, you can check Reddit?), and kept building then came 77-Bit: > 5,000 NFT mint Quantum Core NFT collection on Abstract, 0.22-0.29 ETH MP > battle passes, 50$ each avg > raised $19M (as they stated) > 173K daily active users on BitHub at peak (you believe it's real numbers?) OPEN BETA OF GAME came in January 2025th thats where the extraction playbook continued MINT first (anotha one) > 5,000 NFTs with 0.25 ETH mint price > 1,729 NFTs sold out > this is SOULBOUND NFTs, non transferable, non tradable (gift of money to team) GUILDs second > contacted gaming guilds directly with "exclusively for top guilds with impactful gamers" offer copypasta > 10% revenue share on BitHub Shop purchases bonus $500 in tokens ( tokens?) if community spends $1,000+ > used guilds as unpaid sales force CREATORs third > referral links sent to content creators > 10% commission on all purchases through their link, creators drove sales for a cut > lmk are cuts coming to you in the comments? the game itself was good gamers enjoyed PROBLEM WAS NOT THE GAME Ragnarok Meta with $15.5M raised, $1.8M gambled, went to zero 77-Bit with $19M raised, went to zero "don't gamble with your project's funds" do your DD on project before ya touch it sometimes redflags on surface