$1.1 Million Sent to NotLarvaLabs Founder's Wallet for 'Nothing' in Return – What's Going On?
Donations and crowdfunding efforts are a major area of activity within the cryptosphere. But what happens when you launch a spoof campaign and ask supporters to send you crypto, promising them nothing in return? You receive as much as $1.1 million worth of Ethereum (ETH) in only 24 hours, apparently, as indicated by the example of Pauly, the anonymous co-founder of community-built NFT marketplace NotLarvaLabs.
In opposition to initiatives which promise contributors tokens, participation in future gains, or any other type of tangible or non-tangible gains, Pauly made it clear in his call for donations he will not reward his supporters with anything of value.
“There is nothing for sale. I cannot reiterate this enough. People simply choose to send tokens to: YouGetNothing.eth. Or they choose not to,” the crypto provocateur said in a tweet.
Some observers have described Pauly’s project as an example of performance art, while other believe it to be a clever get-rich-quick scheme to collect significant crypto assets without investing much of their time or effort.
"An incredible social experiment!" user ViralLurk commented on the initiative.
"I [s]ent $150 in funds with the explicit understanding and expectation of receiving nothing of value in return,” claimed user zee.
Another user, Emirati on-chain analyst Yazan Al Kharouf, said in his tweet that the initiative’s entertaining value was what convinced him to donate a share of his crypto assets to Pauly.
"Why did I send ETH to yougetnothing.eth (@Pauly0x)? The same reason why I just sent ETH to zachxbt.eth (@zachxbt). Pauly genuinely entertains me. Zach is someone who I look up to. Anyone can support whoever they want in any way they want,” according to Al Kharouf.
At the same
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