NFT projects are starting to distribute company equity to their holders as a unique benefit. Pons Asinorum, the creator of the "Plague" NFT series, made an announcement during the holidays that holders would be given a percentage of the company's shares. Another NFT collection founder, Ovie Faruq (also known as OSF in the NFT world), followed suit, revealing a similar initiative for holders of the Rektguy NFT collection on January 1. While this move might seem like a legal risk, Pons insists that it is legal because it was entirely unexpected, emphasizing that holders are not actually receiving equity but rather a gift.
Internet celebrity Logan Paul has initiated a buyback program for disgruntled CryptoZoo NFT holders, announcing a commitment of $2.3 million to repurchase the NFTs at their original purchase price. This move comes a year after Paul promised to refund investors in NFT projects. The buyback program is designed for those who were planning to play the never-released earn-as-you-play game associated with the NFTs.
In a bid to elevate the technical capabilities of the Bitcoin Ordinals project, developers at Ninjalerts integrated a Super Nintendo Entertainment System (SNES) emulator on the Bitcoin blockchain. This innovation allows the community to play classic games on the Bitcoin network. The decision to preserve classic video games on the Bitcoin blockchain was motivated by a study indicating that 90% of such games are at risk.
Logan Paul's NFT buyback initiative has sparked mixed reactions within the community. While some celebrated the move, others cautioned against potential "ulterior motives" by Paul. Crypto content creator Mason Versluis noted that mainstream celebrities entering the Web3 space must be held accountable. On the other hand, YouTube investigator Coffeezilla claimed that Paul, facing lawsuits, is attempting to protect his interests through the buyback program, as evidenced by the terms and conditions on the buyback claims site, where participants waive their right to sue Paul and CryptoZoo.
