Illuvium DAO’s Proposal to Cancel Fight Between CEO and Co-founder
According to the news on March 3, according to the snapshot page, the proposal of Illuvium DAO, the community behind the NFT game project Illuvium, on \”canceli…
According to the news on March 3, according to the snapshot page, the proposal of Illuvium DAO, the community behind the NFT game project Illuvium, on “canceling the fight between its CEO Kieran Warwick and the bankrupt Illuvitars D1sk of Zhu Su, the co-founder of Three Arrow Capital”, was approved by 100% of the vote. The content of the proposal shows that the direct contact between its CEO and Zhu Su may damage the reputation that the DAO is trying to build, Cancelling the game link will help the project avoid the risk of “connected fraud”. It is reported that this activity was originally intended to promote the project’s new collection game, Illuvium: Beyond.
Illuvium DAO cancelled Zhu Su’s participation in the publicity activities of the project with 100% voting support
Interpretation of the news:
Illuvium DAO, the community behind the NFT game project Illuvium, recently put forward a proposal to cancel the ongoing fight between its CEO, Kieran Warwick, and Zhu Su, the co-founder of Three Arrow Capital and Illuvitars D1sk. The proposal was overwhelmingly approved by a vote that garnered 100% support. The proposed cancellation will help the project avoid the risk of “connected fraud” and preserve the reputation it is trying to build.
The illuvium project is a new collection game called Illuvium: Beyond. Illuvium DAO intended to promote the game through a campaign, which was eventually disrupted due to the ongoing legal battle between the CEO and the co-founder. The DAO’s proposal aims to cancel the game link and restore a positive image of the project. One of the reasons why The DAO had to act is to avoid the risk of “connected fraud”–the DAO knew that continued communication between the CEO and Zhu Su could lead to negative consequences not just to the parties involved but also to the project’s integrity.
The proposal suggests that the direct contact between Kieran Warwick and the co-founder of Three Arrow Capital would not be in the interest of the DAO, as it could create a negative perception of the project in the eyes of the public. Cancelling the game link was seen as the only suitable option, and the Iluvium community agreed upon it. This decision aligns with an ever-growing trend for blockchain organizations to focus on community governance and decision-making rather than centralized control.
In summary, the decision of the Illuvium DAO to cancel the game link between Kieran Warwick and Zhu Su reflects the growing trend of decentralized decision-making and community governance among blockchain organizations. By avoiding direct communication between the two parties involved, the project will maintain its integrity and reputation.
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