Funkari's Neks recently exposed a frustrating incident—before announcing the cancellation of the 2026 event, NFT Paris, a Web3 conference, had already received over 500,000 euros in sponsorship fees from sponsors and then refused to refund.

How was this handled? Several sponsors posted the emails they received, where NFT Paris used the excuse "According to the contract terms, the related expenses have already exceeded the sponsorship fee" to refuse refunds. The wording was quite firm, implying: the money has already been spent, and there's nothing they can do.

The sponsors were also a bit confused. Their sponsorship fees ranged from 5,000 euros to 30,000 euros. They initially thought they were supporting an influential industry conference, but the event was canceled, and their money went down the drain. Even more upsetting, the information NFT Paris released about the 2026 event has become ambiguous.

This incident reflects some current issues in the Web3 industry—easy fundraising, difficult operations, and credibility challenges. For sponsors, this is a warning: before participating in Web3 projects and events, the contract details must be carefully reviewed. Especially for large sponsorships, the risk clauses need to be clearly understood. Frankly, in this circle, the spirit of contracts and transparency still need to be strengthened.