Flying Tulip's NFT Options Market Tops $5 Million in Volume, Cronje Says
- —Cumulative volume on Flying Tulip's NFT options market topped $5 million
- —An ftPUT NFT transfers remaining FT tokens and redemption rights to the buyer
- —Spot FT purchases carry no equivalent protection
Why it matters: The project is testing a hybrid NFT-options structure for token hedging, which could become a new format for holder protection.
Source: The Defiant