CNN has been accused of rug pulling after abandoning its NFT initiative

CNN has been accused of rug pulling after abandoning its NFT initiative

CNN said in the Discord that it intends to pay “the thousands of collectors who joined us in this experiment” with distributions depending on the purchase price of each wallet’s NFTs as of October 6th. CNN worker “Jason” said in a separate message, “The distribution will be either FLOW tokens or stablecoins placed into each collector’s wallet.” We are still ironing out the specifics, but we anticipate that the distribution amount will be about 20% of the initial mint price for each Vault NFT held.” He also said that the actual material for the NFTs is kept in IPFS, a distributed file system, so they should be accessible even if CNN’s website goes down.