YouTube investigator Stephen Findeisen, extensively often known as Coffeezilla, has accused Rabbit AI of orchestrating a non-fungible token (NFT) rip-off. He claims the corporate, beforehand often known as Cyber Manufacture Co., is trying to hide its involvement. This exposé follows his discovery of the corporate’s doubtful actions associated to the Gama NFT venture.
Background on Rabbit AI and Its Historical past
On Might 21, Coffeezilla launched a video uncovering Rabbit AI’s connection to NFTs. Rabbit AI, previously Cyber Manufacture Co., raised $6 million for an NFT venture named Gama. Regardless of the change in firm title and picture, Coffeezilla highlighted that Rabbit AI’s CEO, Jesse Lyu, has tried to distance the corporate from its crypto previous. In Discord statements, Lyu claimed the corporate would “never touch crypto” once more.
Supply: Coffeezilla
When questioned, Lyu described the Gama venture as a “fun little project” from the COVID-19 pandemic period. He said he left the venture as soon as the sport was open-sourced. Nevertheless, Coffeezilla revealed recordings of Lyu discussing a grand imaginative and prescient for Gama, contradicting his downplayed model. In these recordings, Lyu talked about vital investments to make Gama a “next-level experience,” hinting at formidable future plans involving Gamaverse and clear vitality.
The Discrepancy Over Gama Undertaking Funding
Findeisen questioned using the $6 million raised for Gama, suggesting that the funds have been meant for greater than only a “fun little project.” Coffeezilla expressed concern about how Rabbit AI, now distancing itself from crypto, might be constructed on the remnants of a doubtlessly fraudulent venture. The investigator’s scrutiny of monetary discrepancies brings into query the legitimacy of Rabbit AI’s present and previous operations.
Coffeezilla didn’t cease on the NFT venture. He additionally criticized Rabbit AI’s newest product, the R1, labeling it as overhyped. Drawing parallels between the unfulfilled guarantees of the Gama venture and the R1, Findeisen steered that Rabbit AI is repeating its sample of constructing grandiose claims with out delivering. The investigator implied that the corporate’s present operations may be simply as questionable as their previous.
The skepticism round Rabbit AI isn’t restricted to Coffeezilla. Josh Olin, CEO of WeGPT, additionally accused Rabbit’s R1 product of being a rip-off. On January 14, Olin described the product as a fast money seize, designed to lure traders with exaggerated guarantees. This sentiment echoes Coffeezilla’s findings, including weight to the allegations in opposition to Rabbit AI.
Last Ideas
Coffeezilla’s investigation has put Rabbit AI underneath a highlight, elevating vital issues about its previous and current operations. The accusations of overhyping merchandise and misusing funds for the Gama venture counsel a troubling sample. With trade figures like Josh Olin echoing these issues, Rabbit AI faces rising scrutiny over its practices and guarantees.
