🚨BREAKING: ZachXBT accuses zkSNARKs NFT project of "extracting" $17 MILLION with little practical utility. On-chain analyst ZachXBT has accused the newly launched zkSNARKs PFP project on Zcash of exploiting investors after its blind auction drew 16,971 bids and raised $17M. The project distributed 8,000 NFTs at a clearing price of 1.5 ZEC, while ZachXBT claims 10% was reserved for the team, 5% for royalties and only around $2,000 was spent on minting. He alleges the project follows a “quick money and run” model similar to past Ordinals launches.