The Path To Migration
With the approach of FLR Drops Songbird launch, we know many in our community are eager to learn more of the plans for the Samurai and Delorian NFTs. In this article, we will cover the plan for bringing these NFTs to the Songbird Network in preparation of unlocking their utility!
DFLR Competition Rewards
As discussed here (https://flrfinance.medium.com/community-update-s1e2-1de70427927b), the winners of the DFLR competition will receive their NFT rewards on FLR Drops on Songbird. The current collection of 750 Semi-Rare Samurai on Ethereum will be burned and re-minted through the Drops platform, where they will be transferred to the original winning addresses. The Super Rare Samurai NFTs which are currently owned by FLR Finance, will likewise be burned and reminted on Songbird to be transferred to the original winning addresses.
The Rhodium Necklace winners will be rewarded separately, as their reward will be one of the first usecases of the new Phygital Redemption process!
Existing Ethereum Samurai NFTs
All current holders of the UR and SR Samurai NFTs on Ethereum will have the option to redeem that NFT for the same NFT on Songbird. The redemption process will require that the holder burn the current NFT on ETH and send us the burn transaction for verification. Once verified, we will mint the replacement NFT on Songbird and transfer that NFT to the address which executed the burn. Full instructions on how to complete this process will be provided in the near future.
PLEASE DO NOT BURN YOUR NFTS NOW!
Existing holders are welcome to continue to hold their NFTs on Ethereum, but all future usecases for the Samurai NFTs will require that this burn and mint process be executed.
The Delorian NFT
Like the UR and SR Samurai NFTs, the Delorian NFT will also have a burn and mint process to bring them onto Songbird. Holders will be required to burn the NFT on Ethereum and send us the burn transaction for verification in order to receive their Delorian NFT on Songbird. This process will obviously take a little time, as there are ~5.3k Delorian NFTs to process, so your patience is appreciated. Full instructions on how to complete this process will be provided in the near future.
PLEASE DO NOT BURN YOUR NFTS NOW!
Holders are welcome to continue to hold their NFTs on Ethereum, but all future use-cases for the Delorian NFT will require that this burn and mint process be executed.
All NFTs re-minted on Songbird will have the same royalty structure.
We will be setting a 10% royalty, with 9% going to the team and 1% to the APY Cloud!
