Spritehood NFT Mint Raises $1.28M Amid Unverified Contract Code Controversy

Cole Villemain’s Spritehood mint sold out in under an hour, generating $1.28M. Lack of verified contract code and infrastructure details sparks accusations of a cash grab.

Woofun AI reports that Cole Villemain, the ousted co-founder of Pudgy Penguins, launched the Spritehood NFT collection on the Robinhood Chain. The series of 44,444 tokens sold out within 53 minutes, generating approximately $1.2829 million in revenue after accounting for free mints. Villemain posted shortly after the launch, stating, "It feels great to be back. There will be haters tonight, but I don't care."

However, the smart contract code remains unverified on the Blockscout browser, with no public documentation regarding pricing or distribution mechanisms. Critics, including X user HanIsRich, labeled the project a "purely a money-making scheme" due to the lack of infrastructure justification. On-chain investigator ZachXBT had previously characterized Villemain as a deceptive speculator, raising concerns among buyers who rely solely on verbal promises.