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What will be the outcome of the decentralized governance model for CryptoPunks by the end of 2024?
5
Resolution / Starting Odds
Successful Implementation • 33%
Partial Implementation • 33%
Failure to Implement • 34%
Governance meeting outcomes, community polls
Story
Yuga Labs Faces Backlash Over New 500-Piece CryptoPunks Collection with Nina Chanel Abney
May 20, 2024, 08:00 PM
Yuga Labs, the company behind CryptoPunks, is facing significant backlash from the CryptoPunks community following the launch of a new 500-piece collection in collaboration with artist Nina Chanel Abney. The new collection, part of the 'Punks in Residence' program, has sparked controversy among CryptoPunks holders, with many expressing dissatisfaction over the perceived dilution of the original brand. Some community members have called for a takeover of CryptoPunks, criticizing Yuga Labs for being out of touch with the community's desires. In response to the backlash, Yuga Labs announced that it will no longer interfere with CryptoPunks, aiming to decentralize the project and only support museums and institutions in obtaining a Punk. Additionally, the new collection will be made available only to SuperCoolWorld holders, potentially through a randomized airdrop. Despite the controversy, some individuals have defended the new collection, praising its artistic value and the collaboration's potential to expand the CryptoPunks brand.
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Highly effective • 33%
Moderately effective • 33%
Ineffective • 34%
Clear guidelines established • 33%
Continued litigation • 33%
No major changes • 33%
Majority approval of SEC's approach • 33%
Majority disapproval of SEC's approach • 33%
Mixed or no clear majority opinion on SEC's approach • 34%
Major crypto-friendly legislation passed • 25%
Executive orders enhancing crypto use issued • 25%
No significant change in crypto policies • 25%
Regulatory crackdown on crypto • 25%
Increase in similar bounties • 33%
Strengthening of cooperative security measures • 33%
No significant change • 34%
Increased tax revenue • 33%
Legal reforms for crypto taxation • 33%
Public backlash and protest • 33%
Outperforms Bitcoin • 25%
Outperforms Ethereum • 25%
Underperforms both • 25%
Performs on par with one • 25%
No action • 25%
Transparency measures implemented • 25%
Gas fees reduced • 25%
Buterin removed from leadership • 25%
Successful in securing funding/partnerships • 33%
Unsuccessful in securing funding/partnerships • 33%
Moderate success • 34%
Increased bipartisan support for crypto regulations • 33%
Increased opposition to crypto regulations • 33%
No significant change in political stance on crypto regulations • 34%
Stablecoin Regulation • 33%
Cryptocurrency Taxation Laws • 33%
None • 34%