Tragedy or rug pull? Inside the collapse of a ‘charitable’ NFT project

Released in November 2021, nonfungible token (NFT) marketplace Orica held itself up as an “ethical platform” benefitting collectors, artists and charities alike. The job launched a video this June showcasing that some of the schools structures had already been constructed, including a main hall and library.The Orica and Bbanga school in Uganda. Source: CryptoTotemA combined tradition As of today, many of what remains of Orica is in the brick and stone of a school in Uganda and the artists it has helped.But likewise staying are the tokenholders who never received a proper description as to why the task has actually ceased to exist.

Launched in November 2021, nonfungible token (NFT) marketplace Orica held itself up as an “ethical platform” benefitting collectors, artists and charities alike. It intended to raise $3.1 million from the sale of its Orica (ORI) token. The job released a video this June showcasing that some of the schools buildings had actually already been constructed, including a primary hall and library.The Orica and Bbanga school in Uganda. On June 4, 2022, an Orica Discord server admin who goes by the name “Plem” informed users the migration was complete. Source: CryptoTotemA combined tradition As of today, many of what remains of Orica is in the brick and stone of a school in Uganda and the artists it has helped.But likewise remaining are the tokenholders who never got a proper explanation as to why the job has actually stopped to exist.