Tai Lopez is at the center of a brewing NFT controversy because Crypto Twitter is tagging his OG (Original Garage) Social Club as a cash-grab! Some NFT influencers and thought leaders have called out the project for giving the industry a bad name. In addition, there are also loads of criticisms and questions about the reputation of the self-proclaimed crypto philanthropist.
OG (Original Garage) Social Club by Tai Lopez: Cash-Grab or Legit?
Former Coinbase engineer Ox Beans (@Ox_Beans) revealed a shocking fact about the project’s smart contract. According to the screenshots he shared, the project immediately siphons out the funds into the team members’ wallets whenever a user mints an NFT.
The cherry on top is that the minter shoulders the gas fees for the transfer. So when you sign the transaction, the gas you’re spending includes the fee for dispersing the funds to different wallets. Unfortunately for Tai and his team, blockchain transactions don’t lie and even the worst…
