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

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.

Interpretation of this information:

The news on March 3 highlights an event in the Illuvium community, specifically their decision to cancel a fight between the CEO of Illuvium and a co-founder of Three Arrow Capital, Zhu Su. Illuvium is an NFT (non-fungible token) game project, and the decision to cancel the fight was made by a proposal from the Illuvium DAO, which was approved unanimously. The DAO is responsible for making governance decisions for the project.

The proposal identifies concerns that direct contact between the CEO and Zhu Su could damage the reputation of the project. It also mentions the risk of “connected fraud,” which refers to the fraudulent activities that could potentially arise between parties with a connection, such as a business partnership. The proposal suggests that canceling any links between the project and Zhu Su would mitigate this risk.

It is worth noting that the decision to cancel the fight was not related to the upcoming launch of their new collection game, Illuvium: Beyond, as reported in the news. Instead, it was driven by the need to protect the reputation of the Illuvium project and to reduce any risk of fraud.

The Illuvium DAO represents the community behind the project, and their unanimous approval of the proposal demonstrates a strong sense of shared purpose and a commitment to the long-term success of the project. It also highlights the importance of good governance in decentralized projects, where the community has a direct say in decision-making.

Ultimately, the decision to cancel the fight between the CEO and Zhu Su is a positive step for the Illuvium project. It shows that the DAO is willing to take proactive measures to protect the project’s reputation and mitigate any risks that could undermine its success. It also demonstrates the importance of transparency, accountability, and good governance in decentralized projects, where decision-making power lies with the community. Overall, this event is a reminder of the challenges and opportunities that come with decentralized projects and the importance of collective action in pursuit of a shared goal.