FloorDAO will "fork" into two independent entities, with over $2.5 million in funds sent to the split organization FloorkDAO

ChainCatcher news, according to CoinDesk, the decentralized NFT market maker FloorDAO "forked" this week into two independent entities to rid itself of radical investors who accumulated influential stakes in the project's governance tokens.

It is reported that FloorDAO is committed to building products for "NFT-Fi" and recently sent over $2.5 million in funding (in the form of cryptocurrency tokens and NFTs) to a splinter organization called FloorkDAO, which is controlled by radical investors. The investors quickly redeemed these funds, with each FLOOR token valued at 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 for those investors who chose not to exit FloorDAO but retained their holdings.