A group of cryptocurrency enthusiasts said they were "satisfied" that DAP's NFT project was not a "scam" or "fraud".
This was after the group met project head Tony Pua yesterday.
After the meeting, the group - under the @pedagang_eth Twitter handle - wrote that their suspicions were proven correct - that most of the transactions were in fiat money and not cryptocurrency.
The NFT was initially supposed to be sold in Matic (a type of cryptocurrency).
@pedagang_eth said they were shown proof of bank transactions and communications, which led to the conclusion that the project leaders had bought the Matic in bulk before the NFTs could be "minted" for the buyers.
This unusual move, noted @pedanang_eth, was because many of the supporters of the project had no interest in creating cryptocurrency wallets themselves.
On Sept 7, @pedagang_eth claimed that only a small number of cryptocurrency wallets were involved in the minting of 638 NFTs, and this could be verifiable on the blockchain by anyone.
Pua, who invited @pedanang_eth to his office yesterday, said the discussion with his critics was "open, transparent and frank".
He said the meeting came about after some had strongly insinuated that DAP was deceitful in its NFT fund-raising exercise.
"There was some disquiet that we've carried out the NFT fund-raising exercise unconventionally - particularly because our team helped many of the purchasers set up their Metamask wallets and minted their NFTs on their behalf before handing the wallets back to the purchasers (with the NFTs in the wallets).
"In my humble opinion, it is a little ironic because NFTs/crypto cheerleaders are proud of being 'unconventional', vis-a-vis all things traditional and fiat.
"I, too, should be proud of being 'unconventional' at breaking new grounds and challenging new frontiers, as long as everything is above board," wrote Pua.
Pua had previously claimed that the project had led to the minting of 8,888 NFTs for his Langkah Sheraton oil painting which raised RM1.3 million for the party.
Meanwhile, @pedagang_eth wrote that it is strongly recommended that future on-chain transactions are better managed to avoid misinterpretations.
"For on-chain, if payments were in fiat, the best way would've been to mint 8,888 NFTs and airdrop to every wallet. This would've been cleaner and attracted fewer questions.
"Future projects should engage the community for advice - we have pros in this industry, and it is worth speaking to them for input," wrote @pedagang_eth. - Mkini
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