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zkSync Refutes NFT ‘Insider Minting’ Claims, Says Some Minters Attended Events

Matter Labs, the developer behind the zkSync Ethereum layer 2 network, has rejected accusations of “insider minting” related to the Libertas Omnibus NFTs. They assert that all individuals who minted these NFTs were eligible based on official criteria.

The denial came after a June 17 post by blockchain researcher soEasy, who alleged that the team distributed Libertas Omnibus NFTs to friends and insiders who weren’t supposed to receive them. soEasy also claimed these insiders were able to mint ZK tokens without meeting the airdrop requirements.

In a statement issued on June 26, Matter Labs clarified that there were no unauthorized mints. They explained that there were multiple ways to obtain the Libertas Omnibus NFT. One method involved interacting with the top 100 zkSync NFT collections, while another allowed event attendees who visited the zkSync booth to scan a single-use QR code for minting the NFT.

Matter Labs also emphasized that simply holding the Libertas Omnibus NFT did not make someone eligible for the ZK airdrop. Eligibility for the airdrop was based on a combination of factors including eligibility points, funds bridged and held on zkSync Era, and bonus multipliers. Holding the NFT alone did not qualify anyone for the airdrop, and development team employees were not eligible for it either.

The Libertas Omnibus NFT mint was initially launched as a “test” in July 2023. Matter Labs announced an “Open Mint” in August, stating that eligible users included those who interacted with at least one of the top 100+ zkSync NFT collections between the mainnet launch and July 12.

On June 17, zkSync also launched an airdrop for its ZK token, with eligibility based on the number of “eligibility points,Time-weighted Average Balance (TWAB), and multipliers.

Summary Review: Matter Labs, the team behind zkSync, has firmly denied accusations of insider minting for their Libertas Omnibus NFTs. They have clarified that all NFT minters were eligible according to the official criteria and that no unauthorized mints took place. The accusations stemmed from claims that NFTs were given to insiders who then gained an unfair advantage in minting ZK tokens. Matter Labs stressed that holding the NFTs did not qualify users for the ZK airdrop and that their employees were not eligible for it. The Libertas Omnibus NFTs were part of a test launched in mid-2023, with eligibility for the ZK airdrop based on specific criteria including engagement with zkSync NFT collections and financial activity on the zkSync Era platform.

Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.

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