All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.
Check out the sold out carpet radio NFT Reveal!
Rug Radio, the decentralized podcast network, just launched their NFT PFP collection and it’s already sold out! The collection contains unique digital artworks that represent the faces of the Web3 community. This article will provide all the information you need to know about Rug Radio NFTs and their recent release.
Image credit: Rug Radio
Rug Radio NFTs, Faces of web3, is sold out!
Rug Radio NFTs were highly anticipated and excited the crypto Twitter NFT community. Within less than 24 hours of its release, all the pieces were sold out in two different waves. The collection contains over 50 unique digital artworks, each representing a different member of the Web3 community.
The Rug Radio NFT collection was released in two phases, each with its own unique characteristics and goals. The first phase was a permission list event for early Rug Radio Genesis NFT holders. During this phase, a limited number of NFTs could be minted at a discounted price to those who held Genesis Rug NFTs. These NFTs cost 690 Rug Tokens. In addition, DAO token holders, creators and team members received tokens at a rate of 1 token per individual, as a free claim. Phase 1 ended with a total of 14,665 tokens claimed.
The second phase opened to web3 communities that supported Rug Radio from the start, through an approval list. The raffle listings handled tokens that were offered at a price of 0.069 ETH. But in this phase there were some challenges. Some individuals who had claimed the free coin in phase 1 found themselves unable to create the coin and the development team had to repair the problem. In addition, there were several wallets that appeared as ineligible for embossing, which the team fixed. The team ended up opening a public stealth coin to give access to those who had opened support tickets but were unable to mint. This issue occurred privately, with the URL shared only to resolve the issues of permission-listed individuals failing to imprint. The team implemented some safeguards to prevent exploitation, such as checking “NFT Balance”, which prevented those who had already minted from striking again.
What happened to the faces of Web3 NFT Mint?
After satisfying the support tickets, the development team updated the contract to re-implement the approval list. However, as the token supply began to decrease, more complaints rose from people who were unable to create but were on the approval list. The team found that the parameter for gating the coin was still set to check “NFT Balance”, instead of only allowing minting to the approval list addresses. Finally, wallet addresses that were not on the approval list could mint, but only 1 token each and only if the wallet they minted to did not already own a CVL x RR “Faces of Web3” token. This led to some people on the approval list missing out on their spots and a full sell-out in about 8 hours, not 24 hours as previously expected.
Despite the shortcomings and hiccups during the public sale phase, the coin partners at SyndicateDAO went above and beyond to support and resolve any issues that arose. They deployed a safe coin environment, free of wallet security or exploit concerns.
Image credit: Rug Radio
Carpet Radio x Corey Van Lew PFP Reveal
Each NFT in the Rug Radio collection is unique and non-fungible. This means that no two parts are exactly alike, and each has its own unique value. Visual artist Cory Van Lew created the unique art for the collection. The collection is available to view and buy on OpenSea, the largest marketplace for NFTs. The Rug Radio PFP collection consists of 20,000 NFTs and provides special benefits for Rug Radio NFT holders.
The PFPs are wildly coloured, with incredible detail and character. Of the ‘special’ features, the most common is the ‘Rug Mic’. The rarest is ‘Aura-Blew’, which is a dynamic 1/1 trait. Check out the full revealed collection at OpenSea.
What is Rug Radio?
Rug Radio is a decentralized podcast network that operates on the Ethereum blockchain. It is a community-driven platform where content creators can produce and distribute their own podcasts without centralized control. In particular, Rug Radio works to build a decentralized future for the internet and their NFT collections advance this vision.
The release of Rug Radio NFTs was successful as a testament to the growing popularity of NFTs and the Web3 community. These unique digital artworks not only serve as a symbol of decentralization, but also provide a glimpse into the future of the internet. Rug Radio is leading the charge towards a more decentralized future, and their PFP NFT collection promotes this vision.
