In a tweet this morning, Sean Bonner confirmed that Zagabond has formally transferred possession of the Phunks good contract to the community. After an extended and agonising wait, the drama is lastly over, and the Phunks NFT community can now determine the mission’s future.
The Phunks NFT contract is now within the fingers 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 acquired 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 answerable for the Phunks good contract. Nevertheless, in current days, he has come underneath 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 community now has full management of the mission
In his apology, Zagabond said, “I spotted my shortcomings in dealing with the prior initiatives I began. To the communities, I walked away from, Azuki holders, and people who believed in me — I’m actually sorry.”
Though this can be a dangerous week general for the NFT and Crypto community, it’s a fantastic week for Phunks holders. Now, they’ve full management of the good contract and might sit up for the long run.
It’s a huge community, and Phunks have suffered some big setbacks, together with an OpenSea delisting. Nevertheless, now that Zagabond has transferred the good contract, they will take into consideration what they’ll do subsequent. Hopefully, it is going to proceed to develop and construct on its community.