Boxing legend Floyd Mayweather is stepping onto the Web3 ring via his own NFT brand and a Metaverse called “Mayweverse.”
On Tuesday, March 22, boxing legend Floyd Mayweather announced that he would be launching his own Metaverse and NFT brand, which he will be calling “Mayweverse.” And while project details are already available, there is no word yet about the official release date. The boxer made the announcement on Twitter.
Mayweather said the collection would have 5,000 NFTs spread over five different NFT cards, each of which with 1,000 NFTs. The NFTs will feature varying rarity levels, utility, and prizes. The NFTs will, of course, be in Mayweather’s likeness.
There have been talks circulating concerning the NFT prizes. There are speculations that the Mayweverse contains a boxing gym and that among the prizes is a boxing lesson with Mayweather himself.
Latest Attempt after Falling in Crypto Hot Water
The Mayweverse project is not Mayweather’s first foray into the crypto world, although this is his first attempt at making his own mark on the NFT space. The legendary boxer has previously launched “Floyd’s World” and promoted several other NFT collections like the Floyd NFT, Bored Bunny, and Bored BAD Bunny. However, Mayweather’s previous dalliance with the crypto sphere landed him in hot water.
It can be remembered that back in 2018, Mayweather was involved in promoting the initial coin offering (ICO) of Centra Tech. However, the project turned out to be a scam that defrauded investors out of over $25 million. The U.S. Securities and Exchange Commission fined the boxer and co-promoter DJ Khaled $600,000 and $150,000, respectively, for their involvement in marketing the project. However, it was never confirmed if both personalities were aware that Centra Tech was a scam.
After the Centra Tech fiasco, Mayweather found himself involved in other dubious ICO promotions for HubiiNetwork and STOXX. During the SEC’s investigation, it was discovered that Mayweather pocketed $300,000 for promoting the projects. The SEC’s iron fist led to the seizing of Mayweather’s $300,000 profit. He was also fined another $300,000 plus an interest repayment of $14,775. So Mayweather had to pay the SEC a total of $614,775. He was also banned from promoting any securities for three years.
As early as now, Mayweverse is already under scrutiny. Coffeezilla, a Twitter personality, implied in a tweet that “Floyd Mayweather is frantically deleting evidence of his last NFT scam. He’s getting roasted by the investors.” According to Coffeezilla, Mayweather’s move is to be in good faith before the launch of Mayweverse.
Mayweather will have to work doubly hard to ensure the integrity of his latest project. As it is, many in the NFT community already share the same views as Coffeezilla. The boxing legend must prove these people wrong if he really wants Mayweverse to be a huge and successful undertaking.
The Mayweverse NFT collection will be launching soon. Watch out for more details about this continuing story.
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