21 days ago 1 min read

Illuvium DAO Rejects Collaboration With Su Zhu In Fight Against Fraud

illuvium-kieran warwick-blockchain

Illuvium DAO, the community behind the NFT gaming startup Illuvium, is holding a vote to prevent a proposed crypto gaming session between its CEO Kieran Warwick and Su Zhu, co-founder of Three Arrows Capital, a crypto hedge fund that just filed for bankruptcy.

The proposal has received unanimous support, with four wallets voting in favor, base to Snapshot data. Voting started on February 26 and is expected to complete on March 1.

The idea was offered by Illuvium council member Deraji, who expressed worries over the DAO's standing. Deraji stated that close ties to Zhu could endanger the good name that the DAO has worked so hard to establish.

Although Illuvium has more followers than Zhu has in the web3 community, it was noted in the proposal that postponing the game will assist the project avoid the potential of "scam by association."

Zhu hasn't responded to the situation yet.

Illuvium is a blockchain-based game that uses NFT that lets users battle, trade, and capture creatures known as Illuvials. Due to its distinctive gameplay mechanics and few in-game assets, the project has grown in popularity among NFT gamers.

The Illuvium project is managed by the decentralized autonomous organization known as Illuvium DAO. Illuvium token owners who make up the DAO cast votes on proposals to decide the project's future.

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