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Business

Bibhu Pattnaik

FloorDAO Schism Highlights Challenges In NFT Finance Projects

A recent schism within the NFT finance-centric group, FloorDAO, has spotlighted the challenges and disagreements that can arise within such projects. PHOTO BY ANDREY METELEV/GETTY IMAGES

A recent schism within the NFT finance-centric group, FloorDAO, has spotlighted the challenges and disagreements that can arise within such projects.

Originally, FloorDAO was on a mission to develop innovative products for “NFT-Fi.” However, a rift emerged when it transferred a whopping $2.5 million from its treasury, a mix of crypto tokens and NFTs, to a new faction named FloorkDAO.

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