Bored & Dangerous Fund Claim

Bored & Dangerous Fund Claim
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Today, Jenkins the Valet created a tweet thread 🧵 and Medium article covering everything you need to know about the upcoming Bored & Dangerous Fund Claim.

The Deets

  • In total, over $356,000 will be paid back to eligible licensors in the community. This equates to $87.47 per 1 licensing unit.
  • A snapshot was taken at 12 pm ET on March 31, 2023, of wallet addresses holding Writer’s Room and Bored/Mutant Ape NFTs that were licensed to Bored & Dangerous. If your wallet held a licensed Writer's Room NFT or Bored/Mutant Ape NFT when the snapshot occurred, then that wallet will be eligible to take part in the claim process that opens on April 20.
  • The process will open on April 20 and stay open through August 1.
  • KYC (Know Your Customer) is a legally required process for claiming B&D funds. However, Bored & Dangerous has provided an alternative for individuals who choose not to take part in KYC. There will be two options for eligible wallets:
    • Option 1 involves completing KYC and claiming eligible B&D funds.
    • Option 2 allows users to waive their rights and receive an equivalent refund on the Azur Root mint.

❗ Why It Matters

The Bored & Dangerous payouts are a way for NFT holders to monetize their digital assets through licensing without seeking out the opportunities on their own. The KYC component created a sticking point for some in the community, but the project moved to address the situation as best it could under the circumstances (and regulatory environment).

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Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.