# Legal Disclaimer

**Griffin Investments DAO NFTs are not securities.** We are not regulated by the Securities and Exchange Commission, and purchasing our NFTs does not legally give you legal ownership rights over any revenues generated from DAO activities.\
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**We are not offering financial advise. You should not purchase Griffin NFTs with an expectation of profit. The reason for purchase should be because you like the art and community.**

As DAO founders, we are pledging to uphold our promise of treasury ownership to NFT holders. This includes quarterly airdrops to NFT holders based on treasury earnings; and also means that in the case of fund liquidation, NFT holders would be airdropped the book value of their equity stake in the DAO's treasury. *(To be clear, we never plan on liquidating the fund; the previous sentence is only meant to provide context of our promise to NFT holders).*

We hope that by making the DAO's founder's identities known, we increase the level of trust between DAO members and founders. As founders, we understand that any attempt to defraud members is not only morally bankrupt, but would lead to costly litigation and possible imprisonment.

There isn't much of a precedent for securitizing NFTs; we are seeking out legal avenues to do so at Griffin Investments DAO.
