Mechanism Capital co-founder and partner Andrew Kang sold 75% of his shares Harambe NFT to a newly formed DAO that intends to symbolize it.
Harambe was a gorilla at the Cincinnati Zoo who was killed by a zoo employee after a three-year-old boy entered the enclosure. Prior to his death, photographer Jeff McCurry took a photo of Harambe, which became a popular meme.
In May 2021, on the fifth anniversary of his death, McCurry sold seven photos of Harambe as one-for-one NFTs. In September, Kang purchased the collection’s first NFT and two months later announced his plans to fractionate it.
More than two years later, the initiative finally starts. Kang sold the 75% ownership of the NFT for $5 million and will receive 25% of the fractional tokens. The remaining tokens will be distributed in an airdrop to other meme tokens – TRUMP, PEPE, MOG and TOSHI – and will be used to provide liquidity on decentralized exchanges.
McCurry also supports the initiative. “$HARAMBE is being fractioned by my 1-of-1 NFT of Harambe’s most popular photo viewed over 25 billion times,” he says posted on X. “May the memory of Harambe live on forever.”
An NFT is fractionated by locking the original NFT in a vault and issuing tokens, each representing an equal portion of the NFT. While it is easy to fractionalize an NFT, it is much more difficult to undo it. This often involves a majority of token holders voting to convert it back into the NFT in exchange for a payout.
The DAO established to support the initiative is called the Harambe DAO. The tokens will be used for governance purposes within the DAO. The DAO said it has donated $25,000 to the Dian Fossey Gorilla Fund.
About the author
Tim is editor-in-chief of The Block. Before joining The Block, Tim was news editor at Decrypt. He has a bachelor’s degree in philosophy from the University of York and studied news journalism at the Press Association Training. Follow him on X @Timccopeland.
can i buy clomiphene without dr prescription where to get cheap clomiphene pill where to buy generic clomid tablets can i order cheap clomiphene prices where to buy cheap clomid tablets clomid usa get cheap clomiphene without insurance
This is the amicable of content I take advantage of reading.
Thanks on putting this up. It’s understandably done.
buy zithromax 500mg generic – tindamax 500mg cheap buy flagyl 200mg pills
buy rybelsus generic – buy semaglutide online purchase periactin without prescription
motilium cheap – flexeril 15mg usa order cyclobenzaprine without prescription
amoxiclav us – atbioinfo ampicillin usa
nexium 40mg tablet – https://anexamate.com/ purchase esomeprazole generic
cost warfarin 5mg – coumamide.com cozaar usa
cheap meloxicam 7.5mg – tenderness order mobic 7.5mg generic
buy deltasone 10mg pills – https://apreplson.com/ order deltasone 40mg
medications for ed – otc ed pills red ed pill
amoxicillin tablets – buy amoxil sale buy amoxil tablets
More content pieces like this would insinuate the интернет better.
Facts blog you procure here.. It’s severely to find strong worth belles-lettres like yours these days. I honestly respect individuals like you! Take care!!
fluconazole 200mg pills – order forcan without prescription buy cheap generic fluconazole
tadalafil liquid fda approval date – cialis online without prescription cialis manufacturer coupon free trial
how to buy ranitidine – buy zantac 300mg without prescription purchase zantac online
pregnancy category for tadalafil – on this site e20 pill cialis
I am actually happy to glitter at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data. sitio web
buy online viagra – strong vpls can buy viagra rite aid
Thanks for putting this up. It’s evidently done. https://ursxdol.com/synthroid-available-online/
I’ll certainly bring to read more. https://buyfastonl.com/azithromycin.html
Thanks recompense sharing. It’s outstrip quality. https://prohnrg.com/product/diltiazem-online/
This is the type of advise I turn up helpful. https://ondactone.com/spironolactone/