The treasury Address of Non-fungible Token fragmentation protocol NFTX has burned 252,000 NFTX and 36,000 FLOOR.

Golden Finance reported that, according to Arkham monitoring, the treasury Address of the Non-fungible Token fragmentation protocol NFTX, 0xaA…B93D, has transferred 252,000 NFTX and 36,000 FLOOR to the burning Address for a total burning value of approximately 7.07 million US dollars. It is worth noting that, according to XIP-56 proposal, NFTX will merge with the FloorDAO market protocol to become the new Non-fungible Token Liquidity protocol ƒlayer, and the NFTX and FLOOR Tokens held by the treasury will be burned. Community users’ Tokens will be transformed into the new FLAYER Token at the end of the third quarter. In October 2023, FloorDAO forked due to internal turmoil.