FWA UPDATES INITIAL TOKEN BUYBACK PROGRAM AFTER BACKLASH NFT gacha project Fake World Assets earned $3.2M in fees in its two-week launch. When holders learned none of it would fund buybacks, FWA crashed 43% to a record low. After an "intense night" of backlash, @token_works founder @Rhynotic raised future buybacks to 80% of protocol fees and committed 327 ETH to a team reserve. That appeased some holders. Read more here: https://thedefiant.io/news/nfts-and-web3/fake-world-assets-boosts-buybacks-to-80-of-fees-after-token-crashes-to-record-low(The Defiant)