Registry as a tool to fight utility NFT reg pull

Abstract

Along with the enormous popularity of NFTs (non-fungible tokens) in the last years came scams and frauds. Reg pull happens when originators of a project raise the capital from the sale of tokens and then don't deliver NFT, since they never intended to. This paper is a case study of an attempt to fight utility NFT reg pull. It analysis the NFTsReg project and gives the analysis of the benefits that interested parties gain from such a project. The results show that introducing a registry of utility NFTs as a guarantor of the authenticity of the project and project stuff increases the reliability of the project, and hence adds value for all participants in the process.