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Andre Cronje, founder of Flying Tulip and former Chief Technology Officer (CTO) and board member of Sonic Labs, discussed the potential for NFTs to provide more than just digital images.
He described that the Flying Tulip primary sale participants received perpetual options issued as ERC-721 NFTs, which include access to the FT token and the ability to redeem the capital invested under certain conditions.
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Cronje has previously examined DeFi protocol mechanisms, noting that auto compounders provide non compounders with a haircut. He has also compared funding rates, observing that BTC total return swaps offer a 1.8% rate and no ADL risk compared to 10.95% for perpetuals. These analyses frame his continuing interest in innovative structures within crypto markets.