TechFlow reported that according to CoinDesk, decentralized NFT market maker FloorDAO "forked" into two separate entities this week to get rid of activist investors who have accumulated influential shares in the project's governance tokens.
FloorDAO, which is committed to building products for "NFT-Fi," recently sent more than $2.5 million in funds (in the form of cryptocurrency tokens and NFTs) to a splinter group called FloorkDAO, which is controlled by activist investors. Investors quickly redeemed the funds, with each FLOOR token worth nearly $5, up from $1.89 at the beginning of the year. The remaining FLOOR tokens are currently trading at around $3.88, which is valuable to investors who did not choose to exit FloorDAO and instead retained their holdings.