TechFlow news, according to CoinDesk, decentralized NFT market maker FloorDAO has "forked" this week into two separate entities in an effort to break away from activist investors who had accumulated influential stakes in the project's governance token.
FloorDAO, dedicated to building products for "NFT-Fi," recently sent over $2.5 million worth of funds (in cryptocurrency tokens and NFTs) to a splinter group called FloorkDAO, which is controlled by the activist investors. The investors quickly redeemed these funds, receiving nearly $5 per FLOOR token—up from $1.89 at the beginning of the year. The remaining FLOOR tokens are currently trading around $3.88, representing value for investors who chose to stay with FloorDAO rather than exit.
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