Pixel Vault Community Handbook
DashboardNews & UpdatesLearnShare Feedback
  • Start Here
    • Introduction
    • Share Your Feedback
  • What's On
    • ⭐️ Dashboard
    • 🟠 Inhabitants Stories
    • 🟠 Origin Stories: Burn to Claim
    • 🟠 UPDAO Voting Dashboad (PRISM)
    • 🗞 News & Updates
      • 🗞 Blockchain Gaming Ecosystem News
    • 🟢 Completed Events
      • 🟢 Community Content Challenge
      • 🟢 POWer Up Summer
      • 🟢 Elite Ape Comic: Apes Out on the Town
  • Learn About Pixel Vault
    • Overview
    • History
      • Pixel Vault's Origin Story
      • Separation from Beanie
      • Partnerships
        • William Morris Endeavor (WME)
        • adidas
        • Velvet Sea Ventures & 01 Advisors
        • Blur Studio
        • Major League Baseball (MLB)
        • Dana White & his family
    • Ecosystem
      • PUNKS
        • PUNKS Comic
          • 16 PUNKS
        • Origin Stories
        • $PUNKS
      • Inhabitants Universe
        • Planets
        • Inhabitants Identities
        • Designated Observational Travelers (DOTs)
        • Species
        • MintPass
          • MintPass #1
          • MintPass #2
        • Gear Pods
        • $POW
      • Pixel Vault Founder's DAO
      • Pixel Vault Sports
    • Gamification
      • Collector Sets
      • Gamification of PUNKS
        • PUNKS Comic #1: Stake or Burn
        • PUNKS Comic #2: Elite Ape Collector's Editions
        • PUNKS Comic #3: Pack Style Drop
      • Gamification of the Inhabitants Universe
        • MintPass #1: Burn or Hold
    • Merch Store
  • Resources
    • Official Links
Powered by GitBook
On this page
  1. Learn About Pixel Vault
  2. History

Separation from Beanie

PreviousPixel Vault's Origin StoryNextPartnerships

Last updated 3 years ago

CtrlK

Who is Beanie?

Beanie is a crypto & NFT influencer/investor who GFunk managed to form a partnership with to launch Pixel Vault. Beanie invested the capital that Pixel Vault needed to launch, and offered up 13 of his own CryptoPunks. For more, read Pixel Vault's Origin Story.

Beanie’s ties to PV was a double-edged sword:

  • on one hand, Pixel Vault wouldn’t have been able to launch without his initial investment. With his large following, he was able to spread the word about PV, and draw a lot of attention to the project; especially with his infamous leaks of the PV roadmap.

  • on the other hand, he was a controversial figure; respected by some who made money following him, and hated by others who saw him to be quite provocative and misleading. On 17 January 2022, a thread was published by @NFTethics, suggesting that Beanie was involved in a series of scams.

GFunk responded the following day, announcing PV’s separation from Beanie, which had already been in the works for months. The separation would see all of Beanie’s PV assets returned to PV.

However, the drama didn’t end there. Some questioned why Beanie was receiving royalties from sales of PV assets, and whether Beanie was in fact the one in charge at PV, rather than GFunk.

To summarise GFunk’s response:

  • Pixel Vault was GFunk’s idea, and he ran the business from the very beginning

  • Beanie put up the capital & NFT assets to bring Pixel Vault to life, when no-one else was willing to, and therefore he was entitled to some of PV revenues

  • Moving forward, Beanie has no involvement with PV; he’ll hold no assets and earn no royalties

Fun Fact: Beanie's own CryptoPunk is one of the 16 PUNKS. Because of this, the Beanie character appears throughout PUNKS Comic #1 and #2. However in #3, Beanie's character enters a portal with the PUNKS crew, literally turns into a bean and then gets thrown back into the portal. Perhaps that's the last we see of his character?

Taken from PUNKS Comic 3

(source)