SPV Wallets

  • Each SPV has an associated wallet address, which is a Splits contract.

  • The Splits contract generated contains all of the corresponding 6551 wallets for NFTs that correspond to that SPV.

  • Any distributions or yield issued to the SPV are sent to the Splits address, an can be claimed by NFT holders. NFT holders can sell their NFT P2P, giving the new owner immediate access to the distributions via the 6551 wallet.

  • The SPV wallet is indicated in the NFT metadata.

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