Patrick Mahomes, Megachurch Leaders And Celebrities Boosted Obscure Crypto Company Claiming To Be Worth $15 Billion

  • 📰 Forbes
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Like many crypto companies, VirtualStax had a surefire way to generate hype: a roster of celebrities willing to tout its blockchain-based digital trading cards.

ike many crypto companies, VirtualStax had a surefire way to generate hype: a roster of celebrities willing to tout its blockchain-based digital trading cards. NFL Superbowl champion Patrick Mahomes, former American Idol judge Randy Jackson, Orlando Magic NBA player Wendell Carter Jnr. — they all endorsed VirtualStax’s cards to their fans.

But that heady valuation is one of several statements made by the company that don’t seem to add up. Markgraaff’s VirtualStax — part of a coterie of companies he runs, including a platform to list the trading cards called TheXchange and another that issues TurnCoin, the token that powers VirtualStax — has not publicly disclosed any notable institutional investors. The launch of its digital trading card site in October followed years of delays.

But the on-record presentation was cut short when Wesley Wright, an external consultant for the company, demanded thatdeclined to do so as a matter of journalistic ethics. In a follow-up email, Markgraaff said thatreporting was “either misstated, misunderstood, misrepresented or worse, false” but did not provide specifics when asked.

In a statement, a spokesperson for James said “LeBron has never endorsed, invested, or had any relationship with these companies.” Representatives for VirtualStax ambassadors Mahomes, Jackson and Carter did not respond to requests for comment. The claims against the South Africa-based company — which says it has offices in six cities across the world, including Austin, Texas — come as the Securities and Exchange Commission ramps up its crackdown on celebrities endorsing crypto projects that promote opaque investment opportunities without disclosing they are being paid. Kim Kardashian, for example,

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 394. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Patrick Mahomes, Megachurch Leaders And Celebrities Boosted Obscure Crypto Company Claiming To Be Worth $15 BillionWhen fundraising in 2019, the founder of crypto venture VirtualStax told potential investors his company would bring in $97 billion revenue in three years.
출처: ForbesTech - 🏆 318. / 59 더 많은 것을 읽으십시오 »

Patrick Mahomes, Megachurch Leaders And Celebrities Boosted Obscure Crypto Company Claiming To Be Worth $15 BillionWhen fundraising in 2019, the founder of crypto venture VirtualStax told potential investors his company would bring in $97 billion revenue in three years. But its tokens and its celebrity endorsers’ digital trading cards have yet to launch. Otherwise known as blatant fraud.
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »