ZachXBT Calls zkSNARKs Zcash NFT Launch an Eight-Figure Cash Grab

The dispute turns less on the NFT sale itself than on the structure behind it: a blind auction that raised eight figures, a team allocation and royalty stream, and minting costs described as minimal. That asymmetry is what makes the criticism land, and it echoes earlier Ordinals episodes where similar mechanics drew the same scrutiny. The open question is whether the Zcash community treats this as a reputational problem for the broader ecosystem or as an isolated launch.