On July 27, Irene Zhao posted a message on social media to clarify the recent large number of negative accusations against her and explained the situation of several projects she had previously participated in. The main contents include:
IreneDAO: Free Mint; did not keep or sell any NFTs for itself; made $100,000 in charitable donations; did not participate in management later.
SO-COL: Its founding vision was to create "TikTok or OnlyFans for Web3"; it received support from several well-known venture capital firms; it was difficult to sustain in the crypto bear market; the selling pressure increased sharply after the airdrop and token unlocking, affecting the price performance of the currency; it accepted DWF investment without notifying existing investors, and then the situation got out of control and the transaction was terminated; the final price drop was the combined effect of multiple factors.
· Konomi: Was promoted to CMO due to the popularity of Web2, but was not involved in the development, strategy or execution of the project or token in any way; left in early 2022.
In addition, Irene Zhao promoted her new project ASIANMOM positively, saying that ASIANMOM is a project built on lessons learned from past experiences.
