Flying Tulip issues perpetual option NFTs in first sale
- —Flying Tulip issued perpetual put options as ERC-721 NFTs
- —The NFT carries a right to redeem capital if the project disappoints
- —Cronje: NFTs can do more than wrap JPEG images
- —ftPUT trading volume previously reached $5 million
Why it matters: The design bundles a token with built-in downside protection, potentially setting a new template for primary DeFi sales.
Source: TokenPost