Illuvium DAO votes against NFT contest with disgraced Three Arrows Capital founder Su Zhu Illuvium DAO votes against NFT contest with disgraced Three Arrows Capital founder Su Zhu
Illuvium community members argued that sharing the stage with the controversial 3AC founder might pose a reputational risk to the project.
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Updated: Jul. 25, 2023 at 12:13 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The governance DAO of web3 gaming protocol Illuvium has voted against a proposal to feature controversial Three Arrows Capital (3AC) founder Su Zhu in the upcoming Illuvita NFT-opening contest.
The Illuvitar NFT pack-opening event was designed to feature two high-profile crypto celebrities who would compete to open the “D1SK” packs of Illuviatar creature NFTs.
Illuvium co-founder Kieran Warwick and 3AC co-founder Su Zhu were scheduled to engage in the celebrity pack battle to promote the new Illuvitar NFT collectible game, Illuvium: Beyond.
However, the Illuvium community raised concerns against Zhu because of controversies facing his role in the 3AC bankruptcy process.
Concerns over Zhu’s reputation
Illuvium community members argued that sharing the stage with the controversial 3AC founder might pose a reputational risk to the project.
Council member Deraji said:
“Illuvium is working hard to be a leader in decentralized governance and the Web3 gaming space. To do so, we need to avoid potential association with unethical individuals and incidence that may impede mainstream adoption.”
After much deliberation, the Illuvium DAO has unanimously voted against featuring Su Zhu in the Illuvita NFT-pack-opening contest slated for March 8.
Illuvium co-founder Kieran Warwick said he understood the rationale behind the DAO’s decision and will abide by their verdict.
In the meantime, Illuvium is working on launching the Illuvium: Beyond game on March 7. The collections will feature 150 NFTs based on Illuvium’s in-game characters.
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Author 
Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Illuvium is an open-world fantasy battle game built on the Ethereum blockchain.
Three Arrows Capital
Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, collapsed due to poor risk management, recklessness in dealing with business partners and a significant portion of greed.