Cryptoland wants to be an NFT paradise—it sounds like a digital FyreFest

In a film released this month, Cryptoland, a supposed island where blockchain technology reigns and a better civilization emerges, was introduced.
A digital FyreFest might just as well have been announced in the video’s opening credits, given the questionable nature of cryptocurrencies and NFTs as a whole.

It’s hard to tell if the promotional films for Fyre, a music event in the Bahamas, and the Cryptoland, a crypto-paradise in Fiji, are accurate representations of the actual experience. FyreFest was forced to call it quits after a slew of scandals left concertgoers stranded. The future of Cryptoland is anyone’s guess, but a glance into the founders’ past doesn’t instill much confidence.

However, it is the nine-minute animated advertising for Cryptoland that has gained unexpected popularity on crypto Twitter, not the project’s original idea.

In the promotional film for the project, the creators indicated that the animation took a year to make. The viral video included a nine-minute animated segment, but a 16-minute expanded edit was recently discovered (albeit it was made secret a few days after it became popular on Twitter). The Pixar-style video itself is utterly bizarre.

The video’s goal is to portray Cryptoland as a theme park for crypto fans, complete with rides, attractions, and in-jokes aplenty. A crypto bro-dom from hell, it’s hard to think this isn’t some sort of spoof of the crypto industry. Instead, it comes off as a crypto bro-dom from hell. The Bechdel Test and the Racial Bechdel Test fail to find any evidence of a lack of diversity.

To say nothing of the animation, digging into Max Oliver and Helena Lopez’s background exposes a litany of missteps and a cease-and-desist letter. When it comes to purchasing and developing a whole island, aren’t the two entrepreneurs with a less-than-stellar record qualified?

To the Daily Dot, Oliver and Lopez refused to answer questions concerning Cryptoland.

What’s the plan for Cryptoland? Among the project’s 10,000 “Cryptolanders,” or non-fungible tokens, 60 are designated as “King Cryptolanders.” Although the King Cryptolanders are expensive, conventional Cryptolanders are completely free. The current price of 319 Ethereum (ETH) is more than $1 million. One acre of land will be given to everybody who buys the King version. To prove ownership of one of the 60 plots of land that will make up the future island of Cryptoland, one must own a King Cryptolander NFT. A deed that looks to be promoted as an NFT appears to be what it is.

Even while blockchain technology permits the transfer of land via an NFT, it is unclear whether this holds under present legal and tax norms. In 2017, TechCrunch founder Michael Arrington sold his Kyiv flat as an NFT in an attempt to combine the crypto and real estate industries.

A separate LLC was created to hold the ownership of the property, and the NFT would pass ownership of the LLC to any future buyers of the property’s linked NFT. This method is more complicated than that of the more popular NFT digital art collection. In Cryptoland’s “Why” document, the title ownership will be transferred to the King Cryptoland holders, however the legal mechanics of the transfer are not explained.

Once the island is established, anybody who has a Cryptolander NFT of any sort can visit it. NFT holders, including those who own Bored Ape Yacht Club, CryptoPunks, Fidenza and CyberKongz, will be able to mint free Cryptolanders.

Other than that, you’ll need to follow the steps specified on the project’s Discord channel to conduct a Twitter raid, change your identities and profiles to include “Cryptoland,” invite new members, and spam tweets with comments. There are presently regular Cryptolanders on the market for roughly $350.

Only a defined plot of land and not a residence are included in the $1 million price tag for the King Cryptolander NFT. The landowners are responsible for paying for and deciding on all development on their property. There is a planned resort for regular Crypolanders who have access to the island but do not own land on it. They can also remain on the mainland a kilometer away, but this is unlikely.

Oliver and Lopez, the project’s co-founders, are introduced in the project’s viral promotional film. Their social media and web presence outside of hits directly linked to Cryptoland is sparse at first appearance. Despite the enormity of the effort, little information is available about the two.
Find an article titled “Paparazis, acoso and stolen photos: the man all Spanish “youtubers” despise,” and you’ll finally come across one in Spanish. Maxim Oliver Jubin Coll is mentioned as Oliver’s full name in the essay.

The Wikipedia article dedicated to Oliver’s acting career and pro-skating tenure may be accessed by searching for his entire name. Oliver and Lopez appear to have crossed paths in Oliver and his brother’s 2015 film Stones from the Desert, which Lopez played the lead part in.

For their next endeavor, Oliver and Lopez decided to try their luck in the rapidly growing YouTuber market. They established Play Group Spain SL in order to produce and organize the first-ever awards show devoted only to YouTubers, the Play Awards. Despite the fact that the first ceremony was a reasonable success, the second was marred by controversy and ultimately cancelled as a result.

The YouMag magazine, a journal devoted to YouTuber controversies and rumors, has Oliver as a co-founder. An edition of the magazine released sensational images of El Rubius and his hitherto unidentified lover. As El Rubius put it, the paparazzi were “searching” for celebrities, and the magazine had gone too far. Following the public outcry over the paparazzi controversy, the series was canceled after one issue. El Rubius, noting Oliver’s involvement, later called for a boycott of the Play Awards.

According to the Play Awards press release, Oliver had nothing to do with the second awards presentation, but later indicated that he was an investor. According to a discovered Cryptoland video, Play Group Spain SL was founded in 2003 by the two founders Oliver and Lopez. A clip of Oliver writing his name on the company’s documents is also seen.

Both the YouMag and the Play Awards sites linked to Play Group Spain SL as the site owner while they were still operational. Shortly thereafter, Helena López Jurado acquired domain ownership from playawards.es, meaning that the two of them remained involved.

According to the Play Awards press release, Oliver and Lopez have a habit of “disappearing” their involvement in their unsuccessful ventures. It’s been alleged that Oliver emailed Spanish YouTuber Locobs, requesting him to delete a video explaining the link between Oliver and YouMag.

It’s deja vu all over again. A stop and desist letter has been sent to software developer Molly White, who tweeted about the project’s red flags, stating her words “defame both Cryptoland and its owners.”

The island itself is another consideration. The Rakiraki Town Council and Blocklands Development Limited appear to have signed a “Approval in Principle” document for the development of Cryptoland. Nananu-I-Cake, a 600-acre island about one kilometer from Fiji’s biggest island, is the one mentioned in this text.

Although Nananu-I-Cake has been taken off the market, it is still available on a private island marketplace for $12 million. According to the Approval in Principle document, there has been communication between Fijian officials and Cryptoland representatives, but it is not clear if Cryptoland now has the island’s rights.. The Nananu-I-Cake marketplace listing has been banned by the Discord bot of the Cryptoland community.

The building of Cryptoland has lately been placed on hold, according to a person acquainted with the project. Planning clearance has been requested and development paperwork have been written out, according to the source.

In order to acquire a parcel of land on Nananu-I-Cake in Cryptoland, prospective purchasers must tick the “I’m not a US citizen” checkbox on the registration page. American residents and green card holders are prohibited from purchasing the project’s “Why” document, which mentions this limitation three times in formal legalese.

Why Americans are technically barred is unclear, given that the first (and only) King Cryptoland bearer is American entrepreneur Kyle Chassé. It’s unclear how he managed to get over the nationality restriction.
On Nov. 8, 2021, the Crypoland Twitter account announced that the first person to become a King Cryptolander will enjoy a 50% discount. Using the price of ETH at the time, Chassé paid $750,000 for King Cryptolander #1 that afternoon, according to the blockchain transaction.

Secondary sales of normal Cryptolander NFTs will be used to fund the project in addition to the million-dollar sale of King Cryptolander. For every 10,000 NFTs that are sold, Cryptoland gets a 5 percent royalty fee, according to their “Why” paper and master plan. The project’s current trading volume is 37.9 ETH, which means that a 5 percent royalty would bring in a total of $6,000.

The published documentation of Cryptoland are riddled with errors and inconsistencies. As a standout feature, they clearly replaced their whole “Why” document with a single word. In order to catch all the “King Cryptolander” capitalization, the letters “K, I, N, and G” are capitalized whenever they appear sequentially.
The crew behind Cryptoland is riddled with red flags. A man named Bartosz Domiczek who has been mentioned several times in videos and on the website has denied any connection to the project in an Instagram direct message.

Attempts to reach Domiczek through Instagram DMs went unanswered.

It all adds up to a vision of a paradise that will never be. Nonetheless, NFTs’ sudden and unexplained rise in popularity made the market ripe for a huge failure.

Also Read: How to get into telegram groups crypto

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