In a candid episode of the UK Crypto Podcast, a Web3 founder recounted the rise and fall of his ambitious project inspired by Axie Infinity. He built a popular community tool for crypto gaming, raised funds, and achieved recognition—only to lose nearly $1 million overnight in a devastating rug pull.
The founder described the early days of Axie Infinity, the excitement of building a real Web3 startup, and the pressures of fundraising in the crypto space. He emphasized themes of trust, ambition, and the harsh reality of digital ownership.
"One day everything was fine. The next, the liquidity was drained. I lost everything," he said in the interview.
The episode serves as a cautionary tale for anyone involved in crypto, Web3, NFTs, or startup culture. It highlights the risks of trusting anonymous teams and the importance of due diligence.
"This is one of the rawest conversations we’ve had on the podcast," said host Milkshakematty.
The podcast also touched on the aftermath—what happens when a founder's life work collapses and how to rebuild from scratch.