Azuki’s Researcher in Residence Waleswoosh believes this is legal under certain circumstances.
During the holiday season, the founders of two nonfungible-token (NFT) collections announced that they would be giving away company equity to NFT holders.
On Dec. 25, Pons Asinorum, the founder of NFT collection The Plague, announced that holders of their NFTs will be allocated a percentage of their company shares based on the number of unlisted NFTs they hold.
The executive said this is a gift to collectors who supported Rektguy as an art project. Faruq also clarified that trading the NFTs will not transfer any equity. The Rektguy co-founder also implied that this is being done legally. “We are proud of our work behind the scenes to achieve this in a valuable and compliant way.”
