zkSNARKs is the work of a notorious Ordinals grifter who doesn't care about Zcash
I tried warning people about this $17M+ extraction several days ago and now minters are down massively
But the founder doesn't care because they already made their millions and now only needs to put a tiny fraction of the mint funds back into the community in order to successfully pull off a slow rug like they did with Ordinals
The minters are nothing more than scam victims who are now forced to show up in my replies and defend the scam in order to protect their bags
It's an utter embarrassment that even a single person is supporting this garbage
NFTs will never ever make a comeback as long as extractions like this are celebrated by collectors and influencers
If a 10K PFP is unwilling to commit to transparently putting 100% of the mint funds into a company that will then direct 100% of those funds back into building the IP and community then the only legitimate alternative is to do a free mint like CryptoPunks where the artist holds back a percent of the supply for themself and only makes money if the collection is successful (incentive alignment)
Any other format for "non-utility 10K PFPs" especially done at the scale of $10M+ going straight into the pockets of the creators is a complete grift that is holding NFTs back from the true potential that we all know they have
Send the $10M+ extractions to zero and the free mints/airdrops to the moon