NFT Projects

What is Rug Radio NFT? [All You Need to Know 2022]

Rug Radio NFT has caught the attention of many crypto traders, collectors, and investors, as it currently joins the ranks of highly-favored NFTs in the market. As the first fully decentralized media platform, we’re sure you have so many questions racing through your mind, such as, “What is Rug Radio’s plans for the token?” or “Are the soon-to-be-minted tokens worth holding on to and adding to my portfolio?”

The gmBlockchain team will do its best to answer all these queries, so allow us to enlighten you on everything there is about Rug Radio NFT. Scroll down, and continue reading below.

About Rug Radio NFT 

Rug Radio artwork from its official Twitter and website page

Rug Radio touts itself as the first fully decentralized media platform, better underlined by its tagline, “For the people, by the people.” It gives its community the unique opportunity to own and operate the platform. It lets the community decide what to consume and how it’s delivered, allowing content creators and media consumers alike to benefit from this setup.

As a fully decentralized Web3 media company, it joins the ranks of BanklessDAO in challenging the digital space and utilizing crypto as a means to expand and revolutionize media consumption and creation as we know it. 

Rug Radio NFT Roadmap

The Rug Radio launch has discussed a brief roadmap of what’s to come over the

next month:

1.   Famlist – a presale for the community to create a fair drop for all its members

2.   Drop – the actual release of the “Gas-Friendly Membership Pass” which members should possess to participate within the ecosystem.

3.   Tokenomics – a token structure will be launched explaining the value of their utility tokens.

4.   Show Debut – The team will debut the new Rug Radio Show schedule

5.   Launch – This marks the official Genesis NFT drop alongside the launch of the whole platform on 1/11/2022. The initial price starts at 0.111 ETH.

Rug Radio Utility?

Holders of the membership pass have access to the entire Rug Radio ecosystem. It’s important to note that this pass is crucial for minting the Genesis drop. According to the website, the more you hold to your utility NFT, the more tokens and the higher your NFT would be within the ecosystem. 

The membership pass is also like a golden ticket that gives you exclusive access to all the values the founder wants to co-create. While those perks are still in the pipeline and are undisclosed, it’s best to hold on to your pass as many collaborators and partners are working closely with the creative team for its holders and users, which is expected to drive up the value of the NFT even further.

The Creators of Rug Radio

The Rug Radio NFT collection was developed and created by “Farokh,” a Quebec-based NFT collector and entrepreneur. Little is known about the community builder and crypto investor. However, he has over 218,000 followers on Twitter, further cementing his influential status in the cryptocurrency world.

Due to his innate tech savvy and ability to draw in organic engagement through Twitter and Discord. His NFT Collection is one to watch out for and has been a favorite in portfolios alongside Doodles, CoolCats, DeadFellaz, and CyberKongs—some of the most sought-after digital assets as of late.

When to Mint Rug Radio NFT

The minting process for this NFT collection is quite complicated as you first would need a minting pass which you could buy from OpenSea. The Rug Radio Membership pass gives eligible members access to mint the NFT on January 11 (1 NFT per member) and to the whole ecosystem. 

Where to Buy Rug Radio?

Interested buyers and collectors can get a hold of these rare tokens at OpenSea—the largest NFT marketplace. Its current floor price is at 0.94 ETH in the platform as of this writing and is over 7,200 ETH in terms of total volume traded. Meanwhile, users can become ecosystem owners by first earning a Rug Radio membership pass via a whitelist. You can learn more about this on the official Rug Radio Discord server.

gmBlockchain’s Thoughts

With the roadmap provided and the impressive reception it’s been getting in the metaverse, we’ll have to wait intently to see how things go. For now, we’ll wait in anticipation to see how the Rug Radio NFT team will lay out its game plan for the NFT space.

Alex Lirette

Starting his passion for cryptocurrency in 2014, Alex continuously expands his vast knowledge in bitcoin, blockchain, NFT, and DAOs and regularly shares these in the gmBlockchain blog.

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