Andre Cronje: Flying Tulip perpetual options NFT secondary market trading volume has exceeded $5 million.

Andre Cronje, founder of Flying Tulip, noted that NFTs should not merely act as wrappers for images, as additional application scenarios remain across both financial and non-financial instruments. Flying Tulip previously issued Perpetual Options to primary sale participants, structured as ERC-721 NFTs. Each NFT holds FT tokens alongside capital redemption rights, allowing investors to reclaim their initial investment if they become bearish on the project's outlook. Cronje described this mechanism as providing upside exposure while preserving downside protection. Users can trade FT on the secondary market or purchase corresponding PUT options via Flying Tulip’s Perpetual Options marketplace. The platform has currently surpassed $5 million in cumulative trading volume.