What's the deal?

Discover our thought process while making this platform.

Current state of Solana NFTs

It is evident that rugs pose a persistent problem in the NFT ecosystem across all blockchains, including Solana. While it may not be possible to prevent every rug, our team is dedicated to mitigating their damage and helping investors navigate the complex landscape of NFT collections, as well as take matters in their own hands.

To this end, we have developed a platform that offers comprehensive tools and resources to help users derug NFT collections. Our platform provides a range of insights and analytics to help users identify and analyze potential collections they want to derug.

Furthermore, we offer a suite of post-rug recovery services designed to assist investors who have already been affected by a rug. Reminting the whole NFT collection will be available to holders of rugged collections, once a derugger has been chosen.

Our platform is driven by a commitment to safeguarding the NFT ecosystem and promoting trust and transparency in the space. We believe that we can help mitigate the damaging effects of rugs and promote a healthier, more sustainable NFT marketplace.

Are rugs really that impactful?

Here are some examples proving that we need to take action:

Loss of Trust: Rugging NFTs erodes trust in the entire NFT ecosystem. When people get scammed by a project, they are less likely to trust other projects, which can lead to a decrease in investment and participation in the NFT space.
Negative Reputation: Rugs damage the reputation of the NFT ecosystem. People who are new to NFTs might be hesitant to invest or participate in the NFT market if they hear about fraudulent activities.
Loss of Value: NFT rugging can cause a significant loss of value for NFT holders. When a project creator or developer exits with all the funds raised, the value of the NFTs associated with that project can decrease dramatically, leaving investors with worthless tokens.
Disincentive for Innovation: When people feel that they cannot trust the NFT ecosystem, they are less likely to invest in or create new NFT projects. This can discourage innovation and stifle growth in the NFT market.

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Last updated 2 years ago

Current state of Solana NFTs

Are rugs really that impactful?

Here are some examples proving that we need to take action:

Loss of Trust: Rugging NFTs erodes trust in the entire NFT ecosystem. When people get scammed by a project, they are less likely to trust other projects, which can lead to a decrease in investment and participation in the NFT space.

Negative Reputation: Rugs damage the reputation of the NFT ecosystem. People who are new to NFTs might be hesitant to invest or participate in the NFT market if they hear about fraudulent activities.

Loss of Value: NFT rugging can cause a significant loss of value for NFT holders. When a project creator or developer exits with all the funds raised, the value of the NFTs associated with that project can decrease dramatically, leaving investors with worthless tokens.

Disincentive for Innovation: When people feel that they cannot trust the NFT ecosystem, they are less likely to invest in or create new NFT projects. This can discourage innovation and stifle growth in the NFT market.