Illuvium DAO Votes to Cancel CEO’s Fight with Illuvitars D1sk for Reputation’s Sake

03/03/2023 06:47 • Blockchain Briefs • 79 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

Analysis based on this information:

The Illuvium DAO, the community behind the NFT game project Illuvium, recently approved a proposal to cancel the fight between the project’s CEO Kieran Warwick and Zhu Su, co-founder of Three Arrow Capital and Illuvitars D1sk. The proposal was voted for by 100% of the voters, indicating the community’s support for the decision. The proposal highlights the fact that the direct contact between the CEO and Zhu Su could harm the reputation that the DAO is trying to build. Cancelling the game link will help the project avoid the risk of “connected fraud.”

This decision comes at a time when the Illuvium project is about to launch a new collection game called Illuvium: Beyond. The DAO may have felt that the public feud between the CEO and Zhu Su would cast a shadow over the project’s new launch. By canceling the game link, they can distance themselves from the dispute, thereby hoping to maintain their reputation and avoid potential collateral damage.

The concept of connected fraud is an important consideration for blockchain and cryptocurrency projects. In a decentralized system, there is always the risk of bad actors colluding or conspiring to perpetrate fraud. If one of the actors is associated or connected with a project, the fraud may be linked back to the project, thereby harming its reputation. It is therefore understandable that the Illuvium DAO is keen to avoid such risks, particularly at a time when they are trying to launch a new game.

Ultimately, the Illuvium DAO’s decision to cancel the fight between their CEO and Illuvitars D1sk is a pragmatic one. In the crypto sector, reputation is everything, and even the slightest hint of scandal or controversy can have a profound impact on investor confidence. By taking a proactive approach, the Illuvium DAO hopes to protect the project’s brand and reputation, thereby ensuring its long-term sustainability.

In summary, the Illuvium DAO’s recent decision highlights the importance of reputation in the crypto sector. The concept of connected fraud is a real and significant threat to blockchain projects, and therefore, proactive measures such as canceling a game link can be essential in maintaining the integrity of the project.

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