As any NFT lover will tell you, the people behind an NFT project are just as important, if not more, as the project itself. Their actions, whether positive or negative, can go on to influence the future of the project and all those who invest in it.
Currently, fans of the NFT project the Gobblers have been whipped into a frenzy as its founder, popular streamer DNP3, has admitted that he fell into a gaming habit and lost all of his money, including the funds trusted to him by his investors. This was announced in a post on the site TwitLonger on December 3, 2022.
Where’s the Money?
Setting the scene for the announcement, DNP3 noted that this was one of the toughest messages he has ever had to send. He then said over the last year, he fell into a gambling addiction. This addiction, he explains, affected both his personal and professional life and all the funds he had access to went towards this.
“Every dollar I could find I would put into Stake in hopes of winning big. Even when the big wins did happen it wasn’t enough. Eventually I lost everything. In addition to my own life savings, I also irresponsibly used investor funds to try and “get my money back” from the casino which was wrong for so many reasons,” he said in the post.
The admission of using business funds for his habit is practically every investor’s worst nightmare come true. Those in the NFT space are constantly on the lookout for any signs of foul play on the part of project founders as these could have disastrous consequences. Projects within and outside of the NFT space have folded up because of the gambling habits of their founders and sadly, this has happened again.
And for DNP3, this loss is both personal and professional as the funds gambled away were both his personal savings and company funds.
“There aren’t words to describe the level of shame & guilt I feel. I can no longer live in this dark world and this is my attempt to break free. I am now completely broke both financially and spiritually. My sense of trust in myself is compromised,” the post said.
The Way Forward
Following this announcement, the market cap of the Goobers took a dip and so did other projects that DNP3 is attached to such as CluCoin. This is to be expected as investor confidence will be low, as well as concern about what this means for these projects moving forward.
But DNP3 did give investors some hope in the message, stating that he will work towards personal recovery and securing a future for the various projects that he is a part of.
“I’m working with a help group to start the path to recovery. I will create a separate tweet which will have next steps for each projects I was involved with including CLU, Xenia, Gridcraft & Goobers,” the post said, with some more apologies.