TapTools has abandoned a community NFT sale intended to help bring its Cardano analytics platform back online after users reacted angrily to its return, with every participant refunded in full.<\/p>\n
The backlash quickly reached Charles Hoskinson, who responded by sharing a South Park parody of BP\u2019s repeated \u201cwe\u2019re sorry\u201d apology.<\/p>\n
TapTools shut down in June after four years of operating in the Cardano ecosystem. In its announcement then, the team said<\/a> two co-founders, including its CTO and COO, had left earlier in the year, while its replacement CTO later decided to leave as well.<\/p>\n The company also cited infrastructure, development, and support costs as reasons it could not responsibly continue without a sustainable path forward. But that changed on September 2, when TapTools posted<\/a> \u201cWe\u2019re back\u201d and said thousands of users had reached out after the shutdown asking how they could help. The team described the return as \u201cPhase One\u201d and said it wanted to try to bring the platform back.<\/p>\n The reaction was immediate and largely hostile. One X user, Sssebi, wrote that they were initially happy to see TapTools return but became disappointed after visiting the website and finding a limited NFT sale of 777 pieces at 777 ADA each, \u201cthe price of 2 copies of GTA6,\u201d as a community member put it. Another, Matt Scheff, described the new NFT mint as \u201cdumb and extractive\u201d and urged users not to buy it, while Gero Wallet called<\/a> the move \u201ceither a scam or a scam.\u201d<\/p>\n TapTools later acknowledged the problem. \u201cWe got this one wrong,\u201d the team wrote, saying<\/a> it had believed the sale could give the community a way to support an attempt at bringing the platform back. Instead, it said it had \u201cmisread the moment, the sentiment, and how it would be received.\u201d<\/p>\n Some time after the apology, Hoskinson responded<\/a> by quote-tweeting it with nothing but a link to a South Park clip parodying former BP CEO Tony Hayward repeatedly saying \u201cwe\u2019re sorry\u201d after the Gulf oil spill, a well-worn reference for hollow corporate apologies. He did not add a written comment, leaving the clip itself to carry the message.<\/p>\n TapTools\u2019 original shutdown landed when Cardano was going through a rough stretch, with EMURGO stepping down from the network\u2019s governance group to focus on helping users affected by the SecondFi exploit, a planned Singapore summit getting called off, and Hoskinson himself warning<\/a> of a possible \u201cwave of failures\u201d among the ecosystem\u2019s DeFi projects.<\/p>\n Even so, large ADA holders were adding<\/a> to their positions while smaller wallets kept selling, a split some read at the time as one of the healthier setups the token had shown all year.<\/p>\n For TapTools, the immediate issue is no longer the sale, with the team withdrawing it and refunding participants. The harder part is rebuilding trust with users.<\/p>\n The post Cardano Firm TapTools Scraps Revival NFT Sale After Community Backlash<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" TapTools has abandoned a community NFT sale intended to help bring its Cardano analytics platform back online after users reacted angrily to its return, with every participant refunded in full. The backlash quickly reached Charles Hoskinson, who responded by sharing a South Park parody of BP\u2019s repeated \u201cwe\u2019re sorry\u201d apology. TapTools Pulls Sale After Community […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-222092","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/222092"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=222092"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/222092\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=222092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=222092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=222092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Cardano\u2019s Wider Frustration Adds Pressure<\/h2>\n