I don't know anything about this platform in particular, but I will say that early adoption and support for new web services, platforms, and software that try to break conventional molds or even just exist as competition in the current landscape is an important way to combat enshittification. I mean we are all on lemmy which is an example of this, as are a lot of newer OS and privacy tools/apps. It's always risky, but new things can't start unless some people are willing to take that risk early. Especially things that aren't backed by endless dollars.
But in this case super shitty everyone lost everything they purchased