According to the creators, the initiative is an inventive attempt to harness culture rather than speculation to get regular Web 2 internet users into the Web 3 decentralized crypto world.
They gave an explanation of why they chose to work with Haliey: It seemed like synchronicity to create a meme currency featuring Hiliy Welch, a real meme.
Our objective was straightforward: smoothly transition Web2 fans to Web3. “We believed in that vision so much.
That [we] pushed harder and harder, perhaps through rose-tinted glasses and naivete about others’ intentions, even as the project began to unravel,” they said, acknowledging mistakes made throughout the launch.
According to OverHere, the situation worsened as a result of judgments made by a person known as “Doc Hollywood” and changing community mood.
