PANews reported on May 22 that according to Cointelegraph, YouTube investigator Stephen Findeisen ("Coffeezilla") accused the artificial intelligence (AI) company Rabbit of having carefully planned a scam and trying to conceal this history.
Yesterday, Findeisen posted a video on the Coffeezilla channel, revealing Rabbit AI’s involvement in the NFT field. Findeisen pointed out that the company was previously called Cyber Manufacture Co. and raised $6 million for an NFT project called Gama. However, a few years later, Rabbit AI founder and CEO Jesse Lyu drew a clear line between cryptocurrency and the company’s new image.
Findeisen highlighted Lyu’s Discord statement, which stated that the company will “never touch cryptocurrencies.” Lyu also explained that Gama was just a “fun little project” he worked on during the COVID-19 pandemic. The Rabbit founder wrote that he left the project after the game they developed was open sourced. While Lyu downplayed Gama as a small project, Findeisen made public a recording of Lyu explaining their grand vision for the NFT cause. In the recording, Lyu stated that they are investing millions into the project to ensure that Gama becomes “a whole new level of experience.” Due to Lyu’s promise, Findeisen questioned where the $6 million raised for the Gama project was spent. According to Coffeezilla, the company claimed that the funds were only used for NFT projects. Despite this, Coffeezilla said that this should still be a concern for Rabbit because it is built on the remnants of the Gama project. Findeisen also emphasized that the company’s popular R1 product was also over-hyped.