YouTube investigator Stephen Findeisen, broadly 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 making an attempt to hide its involvement. This exposé follows his discovery of the corporate’s doubtful actions associated to the Gama NFT challenge.
Background on Rabbit AI and Its Historical past
On Could 21, Coffeezilla launched a video uncovering Rabbit AI’s connection to NFTs. Rabbit AI, previously Cyber Manufacture Co., raised $6 million for an NFT challenge 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 challenge as a “fun little project” from the COVID-19 pandemic period. He acknowledged he left the challenge as soon as the sport was open-sourced. Nonetheless, 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 bold future plans involving Gamaverse and clear power.
The Discrepancy Over Gama Venture Funding
Findeisen questioned the usage of the $6 million raised for Gama, suggesting that the funds had 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 challenge. The investigator’s scrutiny of economic discrepancies brings into query the legitimacy of Rabbit AI’s present and previous operations.
Coffeezilla didn’t cease on the NFT challenge. He additionally criticized Rabbit AI’s newest product, the R1, labeling it as overhyped. Drawing parallels between the unfulfilled guarantees of the Gama challenge and the R1, Findeisen prompt that Rabbit AI is repeating its sample of constructing grandiose claims with out delivering. The investigator implied that the corporate’s present operations is likely to 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 towards Rabbit AI.
Ultimate Ideas
Coffeezilla’s investigation has put Rabbit AI underneath a highlight, elevating vital considerations about its previous and current operations. The accusations of overhyping merchandise and misusing funds for the Gama challenge counsel a troubling sample. With business figures like Josh Olin echoing these considerations, Rabbit AI faces rising scrutiny over its practices and guarantees.