Crypto content business Collective Shift has banked $1.5 million at a $15 million valuation, after a tough few years salvaging the business from the wreckage caused by previous owner, disgraced crypto influencer Alex Saunders.
Crypto content business Collective Shift has banked $1.5 million at a $15 million valuation, after a tough few years salvaging the business from the wreckage caused by its previous owner, the disgraced crypto influencer Alex Saunders.of investors’ money.
While the new money is earmarked to build more partnerships with traditional businesses exploring NFT projects and to educate their customers, Mr Stimpson said it was not an easy ride. Deciphering which crypto investments may be genuine and which are frauds is no easy task in an industry famed for its “pump’n’dump” scams and “rug pulls”.” schemes are an organised attempt to manipulate asset prices higher, usually through a private messaging app like Telegram or WhatsApp.” refer to scams where fraudsters attract investors into an investment and run off with the proceeds.
“There are heaps of YouTube stars who promote projects on their channels and are secretly getting paid for that in the background,” he said.
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