In recent days, the drama between Khoa Pug and Johnny Đặng has become one of the most discussed topics within the online community. The origin of the story seems quite complex, as each party accuses the other of being deceitful and untrustworthy. However, everything likely began when Johnny Đặng launched a virtual coin named DBZ. Through the story between Khoa Pug and Johnny Đặng, many may soon realize the hidden dangers in the current surge of cryptocurrency and NFT games.
Many cryptocurrencies and NFT game projects are inflating prices and “farming” unsuspecting investors
Khoa Pug has repeatedly stated that he never intended to “farm” for Johnny Đặng, yet clearly, his initial agreement to make a video promoting this coin would attract attention from many. In fact, Johnny Đặng later released private chat messages between three people, which included attempts to drive up the price of the coin belonging to the wealthy jewelry businessman. Of course, that was the intention, but the methods of “pushing” are not something to be discussed in this article.
Not only cryptocurrencies but many NFT game projects have recently been subject to price inflation. Essentially, these projects tend to paint a bright future, and then, through their own means, inflate the price of the game’s virtual coins far beyond their actual value. This easily creates a fear of missing out (FOMO) for investors and gamers. Ultimately, it seems that the ones who suffer the most are the gamers themselves.
The explosion of NFT game projects also comes with many dangers
It cannot be denied that NFT game waves are now becoming one of the new trends favored by many. However, this explosion sometimes harbors countless dangers.
The most noticeable issue is that the number of NFT game projects is skyrocketing while their quality is not guaranteed. Some projects are even “created” solely for the purpose of inflating prices, benefiting the publishers through the aforementioned tricks. Remember, the interests of gamers in playing NFT games primarily derive from the value of the exchanged virtual coins. And the value of these virtual coins heavily depends on the actions of the publishers. Therefore, in this game, most gamers will only be in a passive position.