In a tweet this morning, Sean Bonner confirmed that Zagabond has formally transferred possession of the Phunks good contract to the group. After an extended and agonising wait, the drama is lastly over, and the Phunks NFT group can now determine the venture’s future.
The Phunks NFT contract is now within the arms of @chopper__dad, who’s the lead developer of Not Larva Labs.
In a tweet, Not Larva Labs mentioned, “Congratulations, Phunk Pham, The lead dev of http://NotLarvaLabs.com @chopper__dad has formally obtained possession of the CryptoPhunksV2 good contract. It is a pivotal and historic second and proof of the POWER of decentralization. PHUNKS.”
Beforehand, Zagabond, the founding father of Azuki, was in command of the Phunks good contract. Nevertheless, in current days, he has come below fireplace. It emerged that he was behind quite a few different NFT initiatives which have failed. These initiatives are CryptoPhunks, Tendies, and CryptoZunks.
Phunks NFT group now has full management of the venture
In his apology, Zagabond acknowledged, “I noticed my shortcomings in dealing with the prior initiatives I began. To the communities, I walked away from, Azuki holders, and those that believed in me — I’m really sorry.”
Though this can be a unhealthy week total for the NFT and Crypto group, it’s a fantastic week for Phunks holders. Now, they’ve full management of the good contract and may sit up for the longer term.
It’s a large group, and Phunks have suffered some large setbacks, together with an OpenSea delisting.
Nevertheless, now that Zagabond has transferred the good contract, they will take into consideration what they may do subsequent. Hopefully, it is going to proceed to develop and construct on its group.
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