Crypto detective ZachXBT replied to a tweet by Simon, CEO and partner of Moonrock Capital, mentioning the basic principles of Web3: "You incubated multiple projects in the last cycle, which harmed retail traders through unbalanced distribution, so I'm not sure you should be talking about the basic principles of Web3."

The projects pointed out by ZachXBT include Degen Ape Academy NFT and Punks On Solana NFT.