Mechanism Associates sells 75% of its Harambe NFT to DAO for NFT tokenization

Andrew Kang, co-founder of Mechanism Capital, sold his 75% of Harambe NFT to the newly formed Harambe DAO for $5 million for the tokenization of NFT. The decision was implemented after more than two years of planning. The move will allow Harambe NFT to be split into multiple tokens, of which Kang will hold 25% of the split tokens, with the remaining tokens to be distributed via airdrop to the other Meme token holders (TRUMP, PEPE, MOG, and TOSHI) and used for liquidity provision on the decentralized exchange ..