Illuvium DAO voted against the NFT package opening jointly held by Illuvium and Su Zhu
According to the news on February 28, Illuvium DAO voted against the plan of Illuvium to hold a market-oriented Illuvia NFT package opening, because the plan involves the controversial encrypted identity Su Zhu.
Interpretation of this information:
The news on February 28th reported that Illuvium DAO voted against the proposed plan for Illuvium to hold a market-oriented Illuvia NFT package opening. The decision was made due to the controversial encrypted identity of Su Zhu, who is involved in the plan. Illuvium DAO is a decentralized autonomous organization that represents the Illuvium community’s interests, and its vote shows the community’s disapproval of Su Zhu’s involvement.
This decision stems from the fact that Su Zhu, founder of Three Arrows Capital, is a controversial figure in the cryptocurrency world due to his ties to centralized exchanges and alleged market manipulation. The Illuvium community has always been keen on maintaining decentralization and promoting fair market practices in the cryptocurrency ecosystem. Therefore, the community members coherently voiced their concern about Su Zhu’s involvement in this plan.
The Illuvia NFT package opening was a plan that aimed to offer a new set of NFTs that would depict the unique features of Illuvium’s creatures. NFTs, or non-fungible tokens, are digital assets that represent ownership or proof of authenticity of unique items or digital artworks. The plan was to sell these NFTs in the open market to promote Illuvium’s ecosystem.
However, the decision to vote against the plan was made for the sake of transparency and fairness. The Illuvium community is aware of the history of controversial practices in the cryptocurrency industry, and they do not want to associate themselves with any individual or organization that might harm their reputation.
In conclusion, the Illuvium DAO’s decision to vote against the plan of Illuvium to hold a market-oriented Illuvia NFT package opening because of Su Zhu’s involvement demonstrates the community’s dedication to maintaining decentralization and fair market practices in the cryptocurrency ecosystem.
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