What is Treasure Meta? Is it related to TreasureNFT?

The name "Treasure Meta" immediately brings to mind its association with the now-defunct NFT platform, TreasureNFT. Investigations reveal that "TreasureMeta Technology, Inc." was the entity responsible for launching TreasureNFT back in 2021. 

Further corroborating this link, the developer information for the TreasureNFT application on Google Play clearly identifies "TREASUREMETA CORPORATION" as the developer, providing a contact address in California and the official support email while a UK-registered entity named TREASUREMETA TECHNOLOGY LIMITED existed, it was dissolved in January 2024 and appears unrelated to the active platform at the time.

This article aims to clarify the direct relationship between Treasure Meta and TreasureNFT, while also addressing the significant controversy that surrounded the platform.

Is Treasure Meta Directly Related to TreasureNFT?

Yes, the evidence overwhelmingly indicates a direct and definitive relationship between Treasure Meta and TreasureNFT. Whether under the name TreasureMeta Technology, Inc. or TREASUREMETA CORPORATION, this entity served as the creator, operator, and developer of the TreasureNFT platform. 

TreasureNFT was introduced as an innovative NFT trading platform boasting AI-driven algorithmic trading, fractional ownership of NFTs, and integration across multiple blockchain networks. The platform operated through its official website, treasurenft.xyz, and a dedicated mobile application listed under the developer name TREASUREMETA.

Also Read: This is Treasure NFT Official Website

The Rise and Fall of TreasureNFT

TreasureNFT launched with ambitious promises of revolutionizing the NFT trading landscape through advanced technology and artificial intelligence. Key features touted included dynamic pricing mechanisms, lucrative referral reward programs, and the ability for users to own fractions of high-value NFTs.

However, the platform's trajectory took a sharp and concerning turn, leading to widespread accusations of fraudulent activity.

Also Read: Treasure NFT (TNFT) Airdrop Date

Withdrawal Issues and Sudden Shutdown

Numerous users reported an inability to withdraw their funds from the platform. This culminated in the abrupt shutdown of TreasureNFT website and all associated social media channels, leaving users in the dark.

Suspicious Business Model

The platform's promise of exceptionally high daily returns, ranging from 4.3% to 6.8%, coupled with a strong emphasis on referral commissions, raised significant red flags. This structure closely resembled that of a Ponzi or pyramid scheme, where early investors are paid with funds from later investors, a model unsustainable in the long run.

Also Read: How NFT Treasure Works: A Quick but Complete Guide

Overwhelmingly Negative User Feedback and Expert Warnings

User reviews and analyses from industry experts consistently warned individuals to steer clear of the platform, labeling it as a scam. The disappearance of the platform further solidified these concerns.

Summary Table

Conclusion

Treasure Meta is unequivocally the entity behind the now-defunct TreasureNFT platform. The available information firmly establishes Treasure Meta (operating under various corporate names) as the originator, developer, and operator of TreasureNFT. 

The platform's abrupt closure and the widespread reports of users being unable to access their funds have led to it being widely regarded as a scam. 

Therefore, extreme caution is advised regarding any current or future services or communications that may be associated with either "Treasure Meta" or "TreasureNFT." This situation serves as a critical reminder of the importance of due diligence and skepticism within the often-unregulated and rapidly evolving world of cryptocurrency and NFTs.

FAQ

What is Treasure Meta?

Treasure Meta refers to the company, operating under names like TreasureMeta Technology, Inc. or TREASUREMETA CORPORATION, that created, launched, and operated the TreasureNFT platform.

Is Treasure Meta the same as TreasureNFT?

No, Treasure Meta is the company behind TreasureNFT, which was an NFT trading platform. They are directly related, with Treasure Meta being responsible for TreasureNFT's existence and operation.

Was TreasureNFT a legitimate platform?

No, TreasureNFT has been widely accused of being a scam. Users reported issues with withdrawing funds, and the platform abruptly shut down. Its business model also raised red flags.