[ZachXBT Accuses zkSNARKs of Being a Cash Grab Involving Eight-Figure Amounts] According to BeInCrypto, ZachXBT has accused the newly launched Zcash NFT project zkSNARKs of being a cash grab involving eight-figure sums. The blind auction raised $17 million but lacks any practical utility. ZachXBT stated that the team secured a 10% allocation and 5% royalties with a minting cost of only around $2,000, comparing this release to the previous Ordinals scam.