NFT research and evaluation company Scratch announced the official dissolution of the company’s native token SCRATCH to adapt to the changing regulatory environment.
The company previously launched a real-time data-driven NFT valuation tool called Scratch Engine.
Regarding future plans, the company expects to raise funds through the sale of equity, while also providing the opportunity for early adopters of the project to take ownership of the company, where SCRATCH token holders can convert tokens into new company equity.
Users can also continue to keep the token, and the company will exchange those unredeemed SCRATCH tokens for the company’s digital assets in the future.
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