Let's talk a little bit about rug pulls.

If you've spent more than a minute in the NFT space, it's very likely you have heard of projects gone bust and founders fleeing with millions of dollars worth of crypto.
With all of the money and opportunities that can come from NFTs, one has to often put their brain on standby and just blindly believe that a project is "gonna make it" when deciding whether to mint or not.
I'm not here to give you the same rehashed list of red flags to look out for however. No, I'm here to share with you a project that is claiming to have found a solution to the problem of NFT rug pulls. I'm not claiming this is THE solution, but it's a good start to the debate.
This project is called @FlairFinance and the way they aim to do things is to act as an escrow between NFT investors and a project's treasury.
Their idea is to gradually release the funds to the project's wallet and give the opportunity for investors to pull their funding out if the team does not meet their expectations under a certain amount of time.
You can follow @gunxblast.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: