PREMINT Will Now Require KYC in Certain Circumstances

After a couple scammer incidents, PREMINT is now requiring all creators to undergo KYC (Know Your Customer) authentication before sending allowlist offers to the Collector Pass community.

This is a test trial, and if it goes well, the team will roll out the feature to all projects (optionally at first), according to a tweet from the project's official Twitter page.

"Safety and security in web3 is complicated, and there's no silver bullet," said Brenden Mulligan, the founder of PREMINT. "But we think KYC'ing creators will keep Collector Pass holders a bit safer."

In mid-July, PREMINT suffered a breach that led to more than 300 NFTs being stolen from users wallets. They refunded the victims of the incident, which cost them $482,000, or 310 ETH. The most expensive stolen item was a Bored Ape Yacht Club NFT worth 91 ETH.

"We're continually trying to make improvements that raise the bar on safety," Mulligan continued. "Knowing the whole time that there's a lot more to do."

The PREMINT Collector Pass NFT collection's floor price remains unchanged since the announcement, according to Lucky Trader's Project Rankings.