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- MetaKongz prices fell by 17 per cent on OpenSea in the last Seven days.
- The recorded prices of MetaKongz in June first quarter were around 3.27 ETH, and the fresh prices are around 0.99ETH.
MetaKongz, a South Korean-based NFT (Non-fungible tokens), rates cut off after the allegation of in-house hacking and lack of mutual collaboration between company officials.
MetaKongz NFTs have seen a sharp decline in the last seven days. It is estimated that NFTs firms registered a fall of 17 per cent in the last seven days.
Before the dispute rose in the company and went viral, the prices of the MetaKongz NFT in the first quarter of June were around 3.27 ETH.
As the dispute continued, the price till the end of June decreased to around 1.20, and while framing the article, the prices were around 0.99 Eth.
Shareholders and NFTs holders of MetaKongz expressed dissatisfaction with the current management and hacking series of MetaKongz and asked two of them to leave their respective posts.
The Shareholders and NFTs holders request Lee Doo-hee (Chief technology officer), a locally known popular hacker, to supervise the project honestly.
The CTO(Chief Technical Officer) Lee Doo-hee of MetaKongz decided to head the project after the resignation of COO (Chief Operating Officer) Hwang Hyun-Ki.
According to reliable news reports, earlier in April 2022, a discord channel of MetaKongz was hacked and affected around 79 investors; the losses are claimed to be around 11.9 ETH.
Metakongz is working on a joint venture with several globally famous Korean companies like Hyundai motors and Shinsegae group. Metakongz NFTs are listed among the top five NFTs to launch features of Profile picture NFTs collections.
It has been seen that in the last few months, hundreds of cases have been registered regarding NFTs hacking. The craze for using Non-fungible tokens is increasing, and many people globally are showing keen interest in opting for the NFT program. Moreover, the NFT sector is also largely affected by the current volatility of the crypto market. Prices of some specific digital cryptocurrencies faced a severe downtrend of more than 50 per cent in the last six months, and it is predicted that the prices may rise in the upcoming 12 months.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
