Illuvium DAO’s Vote to Cancel Fight Between CEO and Co-founder; Protecting Reputation and Preventing Risk of Connected Fraud

03/03/2023 06:47 • Blockchain Buzz • 117 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

Interpret the above information:

Illuvium DAO recently announced that they have approved a proposal to cancel the fight between Illuvium CEO, Kieran Warwick, and Zhu Su, co-founder of Three Arrow Capital and the bankrupt Illuvitars D1sk. The proposal gained a 100% approval from the community behind the NFT game project Illuvium. The proposal countered the direct contact between the CEO and Zhu Su as it may harm the reputation of the DAO, and they believe that canceling the game link can help avoid the risk of “connected fraud” for the project.

As reported, the activity was initially planned to promote the brand new collection game of Illuvium named Illuvium: Beyond. The DAO believes that canceling the fight would be beneficial as Illuvium is trying to build a positive and strong reputation in the community. Such a good reputation is important in the industry, and it attracts more potential investors and players. However, canceling the game link seems unexpected, given that it was created to promote the new NFT game project.

Furthermore, Illuvitars D1sk was said to be a bankrupt and acquired an unfavorable reputation in the past. Three Arrow Capital was also connected to some financial controversies in recent years, which could also damage Illuvium’s reputation if DAO continued with the game and the fight ensued. That is why the DAO suggested canceling the game link, as it is important to avoid such risks and be cautious in the company’s dealings. The 100% approval of this proposal indicates that the community agrees with the DAO’s vision and what they are trying to achieve in the industry.

To conclude, Illuvium DAO’s decision to cancel the fight between Illuvium’s CEO and Illuvitar’s co-founder was essential to maintain a good reputation of the company, minimize risks, and avoid potential controversies that can affect their business. It shows that the community behind the project places a high value on the image that the company is trying to project. Once again, the crypto industry’s transparency, decentralization, and community-driven operations prove to be a revolutionary approach to running a business.

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