Wuss

I don’t understand the point of blaming influencers if a project rugs or shuts down its business. How can anyone know for sure whether a project will rug even after doing their due diligence? Fantasy Top, Friend Tech and Nifty Gateway are perfect case studies. All three of these dApps once dominated the timeline and were among the most used platforms at the time. People were bullish on the teams, used the platforms a lot, made money from them and also lost money at some point. Eventually, these businesses wound down because they were not sustainable or didn’t achieve product–market fit. So who should be blamed here in terms of ‘due diligence’? Now we have MegaETH, Abstract, Polymarket, Kalshi, Xeet, Ethos and many more projects that people are bullish on. If any of these businesses fail who should be blamed for that failure or lack of due diligence? Influencers, users or the team? In my personal opinion, anyone willing to put their money into projects should be responsible for doing their own due diligence. It’s high time people take ownership of their investments and stop blaming others. Just because someone is doing a paid partnership doesn’t necessarily mean you have to buy in. Do your own research first and only invest if you feel comfortable. If not, move on. In our industry, 8 out of 10 products eventually shut down because they fail to find product–market fit. That doesn’t necessarily mean the project ‘rugged’ it simply means the business model wasn’t sustainable. What Ben and Trove did was a rug. What others experienced was failure. Understand the difference, start with your own due diligence and the web3 space will become a much better place. Onwards and Upwards.