NFT project founder DNP3 admits to gambling away user funds

Quick Take

  • DNP3, the pseudonym of the founder of the Goobers NFT collection and other web3 projects, admitted to gambling away user funds.
  • The founder blamed a gambling addiction.  
  • DNP3 did not respond to The Block’s request to clarify the amount gambled, but the The Block Research estimated the amount to be in the millions. 

The founder of Goobers NFT, who goes by the name DNP3, blamed a gambling addiction for why he gambled and lost user funds.  

"Over the last year I got incredibly addicted to gambling," he wrote. "Every dollar I could find I would put into Stake in hopes of winning big. Even when the big wins did happen it wasn’t enough. Eventually I lost everything. In addition to my own life savings, I also irresponsibly used investor funds to try and 'get my money back' from the casino, which was wrong for so many reasons."

He added on Twitter that it "started with a sponsored stream and unleashed an addiction I never knew I had."

DNP3 is the founder of the NFT project Goobers, which launched in September 2021 and amassed a 968 ETH total trading volume. At its peak, the project's floor price was 55.25 ETH on Feb. 20, 2022 before falling to 0.02 ETH on Jan 3. 

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