Ramen Research

1/ What a pain in the ass, I can’t believe I’ve been hired to do nft analytics 😮‍💨 So most of you may have already seen the misappropriation of funds for @RagnarokMeta.. But what if I told you there’s a project 10x better at stealing money than them? Introducing: @projectPXN

9/ Based on their on-chain activity, does it seem like they have any intentions of reserving treasury funds for developing a metaverse? In my professional opinion, looks unlikely! ..but maybe you'll get to play with their 3x3 sandbox land as a runner-up metaverse prize, enjoy.

8/ In the screenshot above, you will see that all deposits have been funded by two addresses: 1. '0xF5' Wallet (the one which received 545 eth) 2. 0xE895295378e642De0d26cEEbEF54c3f59918B49b (which was in turn funded by the '0xF5' Wallet) '0xE89' even traded $APE with the funds!

1/ So you might rmb @SkyVerseNFT, a project that drew decent traction raising 499.2 eth on a collection of 5k that sold at 0.1 eth each just 4 months back. The intention was to use these funds to build a new metaverse - their on-chain transactions, however, tells us otherwise:

@Irenezhao_ I want to be your cat meow~

Are you a dog person or a cat person?

Is @reicannon's wallet also entitled to receive an additional 697.7749 eth on top of a 100 eth compensation? FYI this adds up to 797.7749 which is part of "Payout Batch 2", a 3,091.1 eth payout that includes another 797.7749 and 1,595.5 (2 * 797.7749) eth to 2 other addresses.

Founders should share their comp structure pre-mint. Taking 300E upfront post mint or ~$1m USD across founders + ongoing 10k / mth is just ridiculous. The best comp structure I have seen is to take payment in your OWN project NFTs like how @shanicucic96 does it for @PGodjira.

@Pants_shh wah 100eth is your compensation? what have you delivered so far to justify 100e payout for each founder?

@reicannon @RagnarokMeta @projectPXN @Pants_shh Seems like @Pants_shh have clarified and confirmed on the 100 eth payments as compensation to founders. Please explain why the same wallet that received 100 eth also received an additional 696.7749 eth.

@RamenResearch_ @RagnarokMeta @projectPXN Hey man, I see you're trying to improve the space but there is a lot of misguided speculation here. It's unfortunate that you didn't reach out to us for clarification before labelling us as a rug. I think I'll leave it to our finance @Pants_shh to clarify with a separate post.

1/ What a pain in the ass, I can’t believe I’ve been hired to do nft analytics 😮‍💨 So most of you may have already seen the misappropriation of funds for @RagnarokMeta.. But what if I told you there’s a project 10x better at stealing money than them? Introducing: @projectPXN

@reicannon Dropping etherscan tx link for reference: etherscan.io/tx/0xa6382264b… Just to reiterate, this is one of the wallets that received 100 eth each which @Pants_shh has confirmed to be founder wallets for compensation. Suspected to be rei's wallet as it sent 5 eth to rei's public wal.

21/ We’ll be releasing a much more comprehensive and detailed report on our website ramenresearch.com for our ramen collective. But otherwise, Ramen Researcher is signing off, back again next week for another episode of successful mints 🫡

20/ ..a very humble and well deserved 5,000 eth (us7.5m) payout to the team! What a pain in the ass this has been to sift through but thank you so much for the on chain transparency and congratulations on a total ~$10M payout to the team! Round of applause please?