NFTs & Your Privacy: The Redemption Question

Let's talk about what actually happens to your MonkeBubu NFTs once you decide to redeem them.

Here's the deal—each NFT you hold isn't just a digital collectible. It's functioning as a digital receipt, essentially proof that you own something. Think of it as an IOU NFT, a claim on whatever's backing it.

So when redemption time comes? Your Solflare NFTs, your MonkeDAO holdings—all of it gets processed. The mechanism is straightforward: you cash in your digital proof, and the underlying asset or value transfers accordingly. No mystery, just the record being updated on-chain to reflect the change in ownership status.