Home > NEWS > Illuvium DAO blocks NFT pack-opening event involving 3AC founder Su Zhu

Illuvium DAO blocks NFT pack-opening event involving 3AC founder Su Zhu

Illuvium council member Deraji pointed out that the community made their stand and highlighted that the event risks the reputation that the DAO worked hard to build.

Communities that apply Illuvium have already demonstrated the power of decentralized autonomous organizations (DAOS), an interoperable blockchain game that previously blocked Illuvium CEO Kieran Warwick and three Arrow Asset (Three Arrow Capital) founder Su Zhu's original NFT unpacking theme.

Warwick plans to have a "Influencer Illuvitars D1sk Battle" with Zhu, in which the famous login password characters compete healthily to open the NFT package. However, because of the differences between Zhu and 3AC, the Illuvium community expressed anxiety about the potential risks associated with Zhu, and Zhu has been accused of various immoral acts at this stage.

The Illuvium chief executive then proposed a vote on the matter for his fragmented federation. Then, the federation unanimously voted online to cancel the theme event in order to prevent all contact with Zhu.

According to Deraji, a member of the Illuvium federation, Illuvium's new project has been trying to become a manager of decentralized governance and Web3 animation. To achieve this, the project must "avoid implicit contact with unethical individuals or things that are likely to block popularity." The Bank of England further explained:

Under such circumstances, the community is heard by its own group, which is at risk of credibility created as diligently as Dow. We use our own governance mechanisms to prevent our best-known figures from being on the scene with Zhu.

When he heard the voice of the community, the CEO of Illuvium accepted the conclusion and showed his confidence and belief in the community. "although I have weighed the pros and cons, I will always attach importance to the committee's ruling," he said.

In further evaluation of the topic, Warwick told Cointelegraph,DAO that it could negate all the certainties made by the project. He added: "people try to discuss in advance to prevent this from happening, but a lot of things are just time-sensitive, so this is a very different thing."

DAO does not plan to explore and collaborate with 3AC, which may prevent them from hidden adverse effects. On February 10th, a login password exchange program related to 3AC aroused strong opposition from members of the password community. Many people were exasperated by the announcement, and some vowed never to use the trading center.

In addition, community members are gradually expressing their strong dissatisfaction with Zhu's role in the 3AC bankruptcy case. On January 3rd, the founder of 3AC sued Digital currency Group, claiming that the group had colluded with FTX to keep an eye on Terra. However, community members shouted to Zhu, asking her to focus on her misbehavior.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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