When Was TreasureNFT Created? Looking at the Full Story Behind the Project

The world of NFTs continues to evolve rapidly, bringing new platforms that promise innovation and profits. One of the more recent names making rounds in online discussions is TreasureNFT. So, when was TreasureNFT created? Check out this review to find out more!

This project presents itself as a revolutionary NFT marketplace powered by artificial intelligence. However, with its rising popularity also comes a growing number of questions about its legitimacy. 

Especially, as reports of guaranteed profits and referral-based rewards start to raise eyebrows. So, what exactly is TreasureNFT, when did it start, and is it a trustworthy investment?

About TreasureNFT: When Was This Project Created?

TreasureNFT was founded in 2021 and is headquartered in San Gabriel, United States. It positions itself as a digital marketplace where users can buy and sell NFTs through an AI-powered trading algorithm. 

According to the platform, its goal is to make NFT trading more accessible and efficient, especially for newcomers. It claims to simplify the trading process while enhancing the user experience through automation and data-driven recommendations.

The project officially entered the public eye after raising funds through a seed round in October 2022, although the exact funding amount was not disclosed. The company stated that it wanted to reduce entry barriers for NFT trading and reshape how people interact with digital collectibles.

Read also: TreasureNFT Withdrawal Issue Has Been Fixed! But Can You Trust the Project?

Company Details

TreasureNFT is one of more than 1500 active players in the digital asset space. It aims to distinguish itself from competitors like OpenSea, Gemini, and Kraken by offering automated trading features powered by AI. 

Users can browse NFTs, trade assets, and participate in various earning programs through its website, treasurenft.xyz. The platform heavily markets its smart trading system and referral program as its key selling points.

TreasureNFT’s Funding and Investors

TreasureNFT raised its first round of investment in October 2022. The funding was led by four investors:

• DCT Capital
• Tradersquare
• Automatic Venture Group
• CryptoCup

These investors are listed as institutional supporters of the platform. However, the exact amount raised remains undisclosed. 

The company has not held any additional public funding rounds since then, nor has it shared detailed financial reports or strategic updates regarding how the funds have been used.

Read also: TUFT Token Details Update: Why You Should Know This New Information to Earn Potential Profit

TreasureNFT’s Founders and Board Directors

TreasureNFT was founded by Steven Alexander and Muhammad Ishaq Safdar. Steven Alexander is listed as the current CEO of the platform. 

The team claims to include a range of professionals working behind the scenes, but specific details about engineers, board members, or advisors remain largely unavailable to the public.

One notable concern is that the online presence of the founders is minimal, with almost no verifiable activity on professional networks like LinkedIn or credible industry forums. 

While anonymity is not unusual in the crypto space, it does reduce the ability to verify accountability, particularly in cases where users are expected to trust the platform with their funds.

Is TreasureNFT a Scam?

Determining whether TreasureNFT is a scam requires a critical look at its business practices and community feedback. Here are the major concerns:

Unrealistic Return Promises

The platform advertises daily returns of up to 6.8% and 30% monthly, which is extremely high and difficult to maintain sustainably. These returns are often associated with Ponzi-like structures, where existing users are paid with money from new investors.

Referral-Heavy Business Model

TreasureNFT promotes a multi-level referral system, where users can earn from both direct and indirect invites. While this may seem like standard marketing, the structure closely resembles a pyramid scheme, which can collapse quickly if new users stop joining.

Lack of Transparency

Despite its claims of AI-based trading, TreasureNFT offers limited explanations of how its technology actually works. 

There is no whitepaper, open-source code, or in-depth documentation available on its website, making it hard for users to evaluate the platform’s actual capabilities.

Unverifiable Leadership

Though the founders are named, public information about them is scarce. Their social media accounts appear inactive or generic, raising concerns about the authenticity of the leadership team.

Suspicious Ratings and Reviews

The platform has high ratings on the Google Play Store, with over 57,000 reviews and a rating of 4.7 out of 5. 

However, crypto researchers have pointed out that many reviews show similar patterns and tones, suggesting they may have been artificially generated. Some platforms even reported that TreasureNFT paid for positive reviews.

User Complaints on Withdrawals

Several users have reported issues related to withdrawals, account freezing, and non-responsive customer service. In some cases, referral earnings have been withheld without clear explanations. 

These are often the first signs of a platform that may be struggling with liquidity—an issue commonly seen in failing Ponzi schemes.

Read also: Is TreasureNFT Safe? Understanding Clarification from the Team

Conclusion

TreasureNFT entered the NFT space in 2021 with the promise of combining AI and NFT trading into a seamless, rewarding experience. Backed by a few investors and run by a minimally visible leadership team, the project raised some initial interest. 

However, the warning signs are difficult to ignore. From unsustainable profit guarantees to an opaque business model, many aspects of the platform suggest caution.

While the NFT space thrives on innovation, it also carries risks. TreasureNFT might be offering high returns and an easy-to-use platform, but without transparency and credible leadership, it becomes difficult to trust. 

Before investing, users are strongly advised to conduct their own research and only invest what they can afford to lose.

Frequently Asked Questions (FAQ)

1. What is TreasureNFT?

TreasureNFT is a digital NFT marketplace launched in 2021 that claims to use AI algorithms to automate NFT trading and provide returns to its users.

2. When was TreasureNFT created?

TreasureNFT was founded in 2021 in San Gabriel, California.

3. Who are the founders of TreasureNFT?

The platform was founded by Steven Alexander and Muhammad Ishaq Safdar. Steven Alexander is listed as the CEO.

4. Is TreasureNFT a scam?

The project has raised concerns due to its promises of high daily returns, referral-heavy structure, and lack of transparency. While it is not confirmed as a scam, it carries risk indicators.

5. Is it safe to invest in TreasureNFT?

Given the red flags, including unverifiable leadership and unrealistic return promises, caution is advised. Always research thoroughly and avoid high-risk investments without clear information.