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    "Logan Paul to Redeem NFTs, SNES Games on Bitcoin: Nifty Newsletter" | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

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    "Logan Paul to Redeem NFTs, SNES Games on Bitcoin: Nifty Newsletter" | FinOracle

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“Logan Paul to Redeem NFTs, SNES Games on Bitcoin: Nifty Newsletter”

Recent developments in the NFT space, including equity giveaways and NFT buyback programs, highlight the evolving landscape and growing accountability. Executives also discuss on-chain vs off-chain storage options, while classic SNES games find preservation on the Bitcoin blockchain.

by John Darbie
Thu, Jan 11, 2024 1:05am
in NFTs
• 3 mins read
14.5k
"Logan Paul to Redeem NFTs, SNES Games on Bitcoin: Nifty Newsletter" | FinOracle

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NFT Projects Give Away Equity to Holders: Legal Risk or Smart Move?

During the holiday season, two nonfungible token (NFT) collection founders made a bold move by giving away company equity to their NFT holders. Pons Asinorum, the founder of “The Plague” NFT collection, and Ovie Faruq, also known as OSF, the founder of Rektguy NFT collection, announced that their holders would be gifted a percentage of their company shares. This unexpected move has sparked discussions about the legal risks involved. Pons Asinorum believes that the move is legal as there was no expectation that the holders would receive equity, and clarified that it was a gift.

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