#Web3#Gama#NFTs#Videogames: "The problem is that it appears that GAMA holders, and anyone who took significant interest in GAMA and the things that Lyu promised — a comic, a television show, a Massively Multiplayer Online Role Playing Game, a physical store to educate people on Web3 and NFTs, a rocket ship with a satellite — were left in the lurch. Less than a year before the Rabbit R1 launched, Lyu was discussing integrating AI into a completely different product, and people believed that he was sincerely focused on creating all the things he’d promised to in GAMA and the Gamaverse.
Lyu has framed his time at GAMA as a project, using language that suggests an arms-reach approach to a company he ran and made numerous gratuitous promises in the name of. The reality is that Jesse Lyu was the CEO of GAMA, invested, based on statements from Aaron Li, “7 figures” of his own money, and then after September 2023 (a month before Rabbit announced its first $20 million fundraising) effectively stopped talking about it, and acted from then on as if GAMA never existed in interviews with the press.
One other completely unrelated part of the story that I have been unable to dig into sufficiently is RCT Studio, a company that raised $10 million in 2019 according to a Form D filing (signed by Lyu), with Lyu named as CEO according to a 2020 piece from the Los Angeles Business Journal."
