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Concept

Rug Pulls

Vendors of an NFT would build a lot of hype through an impressive initial showing of their artwork, funding, or their doxed team (revealed identities of who is behind the project.) However, shortly into the NFT's lifespan, and after the hype has been generated the owner would shut down the project and pocket all the money they made and hide. Leaving the buyers with a worthless product.

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Updated 2022-04-21

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Cryptoeconomics

Economics

Social Science

Empirical Science

Science