Rug Radio Revolutionizes NFT Media with $RUG Token and Genesis Collection
Rug Radio, a trailblazing Web3 media company, has made waves in the NFT scene. Founded by Farokh Sarmad, a prominent figure in the NFT space, Rug Radio launched in 2021 as the first decentralized media platform, empowering creators and consumers alike.
The platform operates on the $RUG token, its native currency, with a current floor price of 0.228ETH (as of Nov. 21, 2022). The Rug Radio Membership Pass serves as a key to unlocking value and participating in the Rug Radio ecosystem.
Rug Radio's Genesis NFT collection offers utility beyond mere ownership. Holders receive monthly allocations of $RUG tokens, incentivizing engagement and participation. The exact launch date of Rug Radio, however, remains unclear from the provided sources.
Farokh Sarmad, the driving force behind Rug Radio, is no stranger to the NFT community. His web3 media platform has gained significant traction, and at Art Basel 2022, he announced a PFP NFT collection named 'Faces'.
Governance of the Rug Radio platform lies with RugDAO, the decentralized governance body that stores and manages the value created within the network.
Rug Radio, under the leadership of Farokh Sarmad, continues to innovate in the NFT space. With its $RUG token, Genesis NFT collection, and decentralized governance through RugDAO, the platform has established itself as a key player in decentralized media, giving power back to creators and consumers.
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