I'll start with the good...the art is cool. Not my thing, but I get why people might like it. So from a purely trading standpoint, I could see where this could be worth a pop on price. Two stars for that.
That said, the first big red flag is on the homepage...
"NFT holders may vote to govern the Forge ecosystem including: Freezing funds for failing projects"
That's messed up.
So a project can lose access to their money if their project is failing? It's their money, what gives the group the right to take it away from them?
If the herd can vote to freeze funds for failing projects, what else can they do? Freeze funds for any project that the herd doesn't like? Vote a project out? Governance is mob rule and when people act in mobs good things don't happen.
Second, this project is on Pulsechain, which is sketchier than a one-legged camel smoking a cigarette over an open vat of gasoline. Again, this could be a good short-term trade. But nothing good will come from anything on Pulsechain in the long run.
Remember, just because a project has a celebrity, doesn't make it legit. Tom Brady supported FTX before it went down. Just because this project has a famous artist, doesn't mean it's worth getting involved. Show Less
