Illuvium DAO Cancels Fight to Avoid Reputation Damage

03/03/2023 06:47 • AI & Tech Insights • 96 views

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 made a proposal to cancel the fight between its CEO Kieran Warwick and Zhu Su, the co-founder of Three Arrow Capital’s bankrupt Illuvitars D1sk, which was approved by 100% of the vote. According to the proposal, direct contact between the CEO and Zhu Su could damage the reputation of the DAO and its efforts to build a strong brand. Cancelling the game link was seen as a way of avoiding the risk of “connected fraud”, which could undermine the credibility of the project.

Illuvitars D1sk was a partner of Illuvium, and the fight between the two founders had the potential of casting a shadow on the project’s reputation. The Illuvium DAO recognized the risk and took swift action to prevent any damage to the project. By cancelling the game link, the DAO ensured that the project could move forward with a clean slate.

One of the reasons for the popularity of NFTs and blockchain-based games is the trust that users have in them. These projects rely on transparency and credibility to build a following that will support them in the long run. Anything that undermines this trust can be disastrous for the project. Illuvium understands this, and its decision to cancel the game link was a proactive measure that protected the project’s reputation and credibility.

The Illuvium DAO’s decision to cancel the fight and game link is also significant for the emerging world of decentralized autonomous organizations (DAOs). DAOs are community-led organizations that use blockchain technology to make decisions, rather than relying on centralized authorities. Illuvium DAO’s decision to cancel the game link shows how DAOs can be effective in managing risk and protecting the interests of their communities.

In conclusion, the Illuvium DAO’s decision to cancel the fight between its CEO and Zhu Su and the game link is a clear indication of its commitment to building a credible and trustworthy project. By taking this proactive measure, the DAO has demonstrated its ability to manage risk and protect the interests of its community. The Illuvium project will undoubtedly continue to grow in popularity and attract new users, thanks to the DAO’s leadership and foresight.

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Illuvium DAO Cancels Fight to Avoid Reputation Damage

Illuvium DAO cancelled Zhu Su’s participation in the publicity activities of the project with 100% voting support

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