Rugged Art Price(RUG)

Rugged Art, $RUG, is primarily a community-driven project centred on the revival of abandoned NFT collections, particularly the “Flippies” collection—a series of pixel penguins originally minted on the Solana blockchain. Following the sudden disappearance of the founding team in January 2022, the Flippies collection, which launched just four months prior, fell into neglect. Yet, loyal holders of these NFTs refused to part with their digital assets. This situation inspired the creation of Rugged Art as a means to return value and utility to these forgotten tokens.

At its core, the Rugged Art project introduces ERC404, a contract standard that allows for an intriguing NFT and fungible token (FT) duality. This innovative capability enables NFTs to be traded both as unique assets on NFT marketplaces and as fungible tokens on decentralized exchanges (DEXs). The overarching goal is to create a new paradigm for liquidity and interaction within the NFT space, ensuring that these abandoned assets can once again be part of the vibrant digital economy.