TinyFaces NFT is a collection of generative whimsical 3D characters living as NFTs on the blockchain. Each character is entirely unique and is generated by combining hundreds of attributes such as color palettes, skin tones, facial traits, outfits and accessories.

TinyFaces NFT - Uniquely generated 3D characters

A scam where developers abandon a project and run away with investors' funds.


Rug Pull


## What is a Rug Pull?

A rug pull is a type of scam in the cryptocurrency and NFT (Non-Fungible Token) space. It happens when the creators of a digital asset, like an NFT project, suddenly take away all the invested money and disappear. This term comes from the idea of "pulling the rug out" from under investors, leaving them with worthless assets.

## Advantages of Rug Pulls

There are no real advantages of rug pulls for investors. They are purely a fraudulent activity benefiting only the scammers.

## Disadvantages of Rug Pulls

-   **Financial Loss:** Investors lose their money.
-   **Trust Issues:** They create distrust in the NFT community.
-   **Market Instability:** Rug pulls contribute to market volatility and uncertainty.

## Where Does the Idea of Rug Pull Come From?

The term 'rug pull' is metaphorical, originating from the concept of someone unexpectedly pulling a rug from under someone's feet, causing them to fall. It symbolizes the sudden and unexpected nature of the scam in the crypto space.
