Rektguy Gifts Equity to Holders

Rektguy Gifts Equity to Holders
In this post

Rektguy announced a surprise equity gift to NFT holders from a snapshot taken on October 26, 2023.

The Deets

  • Surprise Snapshot: Unannounced snapshot of Rektguy holders on October 26, 2023
  • Equity Gift: Holders to receive shares in Rekt Brands Inc.
  • Non-transferable: Trading Rektguy NFTs won't transfer equity rights
  • KYC Process: Eligible holders to complete KYC to claim equity

The Bulk

Rektguy surprised its community by announcing holders of Rektguys during a snapshot taken on October 26, 2023 will now have some equity in Rekt Brands Inc.

Rekt Brands Inc., the parent company, controls the Rektguy contract, Rekt logo, and the overall intellectual property, maintaining the NFTs themselves under a CC0 license. This initiative doesn’t change ownership of the NFTs but provides actual company equity. 

The snapshot, taken without prior announcement, rewards long-term collectors and supporters of the Rektguy project. This equity, however, is tied to the holder at the time of the snapshot and is not transferable through NFT trades. To claim this equity, holders included in the snapshot will need to complete a KYC (Know Your Customer) process, ensuring a compliant and secure distribution.

❗Why It Matters

This move by Rektguy represents a significant evolution in the NFT space, where now two collections have gifted equity to holders, further aligning incentives. It's a pioneering approach to reward and engage with the community, potentially setting a new trend in the NFT market.

🎤 Founder Feedback

Thank you to everyone who has supported us on this journey, we’re stoked to enter a new adventure with Rekt Brands.OSF, Co-Founder Rektguy}

🔜 What's Next?

Further instructions for claiming shares in Rekt Brands Inc. will be communicated soon to those eligible in the Rektguy community.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

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.