MetaKongz NFT prices drop on OpenSea over internal conflicts

South Korea’s non-fungible token (NFT) assortment MetaKongz’ worth on OpenSea NFT change has fallen over 17% on common after alleged in-house issues resembling hacking and variations amongst its executives.

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Quick information

• The worth of MetaKongz NFTs on OpenSea within the final seven days was about 0.99 ETH on common, in comparison with a 90-day common worth of 1.20 ETH final month. In June, previous to the controversy, the costs of MetaKongz NFTs averaged round 3.27 ETH.

• Lately MetaKongz holders, dissatisfied with venture administration and the sequence of hacking, reportedly requested two chief executives to step down from working the venture and requested Lee Doo-hee, chief expertise officer (CTO) and regionally well-known hacker to take over as the only supervisor of the venture.

• On Twitter, Chief Working Officer (COO) Hwang Hyun-ki alleged that Lee had bought upscale vehicles with company funds. 

• Lee has since introduced that he’ll purchase the venture whereas Hwang determined to step down.

• The NFT venture’s Discord channel was hacked in April with 79 traders shedding 11.9 ETH.

• MetaKongz is a profile image (PFP) NFT assortment that has grown in style amongst NFT fanatics in South Korea — it has collaborated with main home corporations resembling Hyundai Motor and Shinsegae Group.
• MetaKongz didn’t reply to Forkast’s request for remark.

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