Creators
Creator NFT
The NFT that holds a project's ownership and collects its creator trading fees.
Every token launched on Hypad has its own Creator NFT. The NFT represents ownership of the token's project. It ties that ownership, and the creator's share of trading fees, to a digital asset that can be transferred.
Ownership and trading fees
Whichever wallet holds the Creator NFT receives the trading fees set aside for that project's creator.
That means the fees follow the NFT. They don't stay tied forever to the wallet that first launched the token.
Transferring or selling it
You can transfer or sell the Creator NFT to another wallet. When it changes hands, the ownership position and its fee rights go with it.
Anyone who buys the NFT gets the ownership position it represents, along with the rights and responsibilities attached to it.
Keeping projects alive
Because ownership can change hands, a project doesn't have to end when its creator moves on. A new holder can take over running and developing the project, within the rights and permissions set by Hypad's smart contracts and platform terms.