What are the four new AzukiDAO multi-signature managers who defeated Zagabond?

Author: Golden Finance, Climber

The post-00s of Peking University stood on the starting line of Azuki, and the old and new teams played NFT.

On July 7th, the AzukiDAO multi-signature manager election event was settled. Unsurprisingly, Zagabond, the founder of **Azuki, was successfully defeated, with only 16.18% approval rate, not even making it into the top 6 of the voting results list. **This fully reflects that the Azuki community's trust in the founder has dropped to a freezing point, and they are more willing to hold project governance in their own hands.

There were as many as 11 candidates participating in the election, including founders of high-quality projects and partners of capital institutions. After two days of voting statistics, the top four winners were NFT giant whale Dingaling, famous poker player Wesley Fei, crypto fund NDV co-founder, Peking University post-2000 Christian and BlockInfinity investment manager 0xpeas.eth.

The four new administrators will have the authority to multi-signature control over $5.44 million worth of BEAN tokens in the Azuki treasury, and these BEANs will also be used to reward holders, community contributors, and provide funding for DAO activities.

It can be seen that the future development of the Azuki project will be largely dominated by these four people, and the task of whether the community can regain NFT faith again falls on their shoulders. So why did members of the Azuki community choose them? What are the experiences of these four new AzukiDAO multi-signature administrators?

Dingling

Dingaling is a well-known giant whale in the NFT circle, and also an early supporter of Azuki Diamond Hand and AzukiDAO.

According to data from the LooksRare platform, Dingaling currently holds a total of 8,435 NFTs, with a total value estimated at about 3,900 ETH.

In its NFT portfolio, Azuki occupies 22.75% of the share, Azuki Elementals accounts for 7.68%, and the rest are mostly boring ape series. It can be seen that Dingaling prefers to collect Azuki series NFTs.

Dingaling also showed his trust in the Azuki brand after the Azuki team encountered the "Azuki Elementals" launch crisis. He said on his social platform that he had communicated with the Azuki team many times after the incident and received information that the Azuki team was trying their best to "make things right".

At the same time, Dingaling said that the decline of the Azuki series is only temporary, and once the Azuki team strengthens communication and releases new things, the community sentiment will improve. In particular, he "sees a good chance for Azuki to recover in price over the next few months".

This undoubtedly gave great confidence to Azuki community members and its investors and won them goodwill.

Wesley Fei

Wesley Fei is a well-known poker player and cryptocurrency investor who has gained attention in recent years for his success in both fields. He once had the titles of top ten traders in the world, "Professor of Currency Circle Winning Money", etc.

Fei was born in Guangzhou, China in 1992, and immigrated to the United States with his family as a child. Growing up, he attended UCLA, where he majored in computer science. As his poker talent developed, he began playing in local tournaments and cash games, and quickly made a name for himself in the Southern California poker community, becoming a regular at the Hustler Casino Live Stream.

Fei, who invested in cryptocurrencies back in 2015 when bitcoin was trading around $300 a piece, is a long-term value investor himself. Although he did not disclose personal earnings, according to media reports, Fei has amassed nearly $40 million in digital assets.

Fei was also popular for advising his 40,000+ Twitter followers to sell at $50,000, and Bitcoin's movement since then has proven his investment acumen.

After the "Azuki Elementals" launch event, the Azuki series fell one after another, and many big investors sold off one after another. At this time, Wesley Fei chose to buy multiple Azuki and its series of NFTs in a row. The data on the chain showed that its address was on June 28 and 29. The buying data ranged from 64 Azuki Elementals, 111 BEANZ, 2 Azuki increased to 66 Azuki Elementals, 130 Beanz, 10 Azuki.

In addition, Fei also set his Twitter background image as the Azuki series, which also proved that he is a member who is ready to focus on Azuki community building.

Christian

Christian is the co-founder of NDV, an encryption fund, and a major investor in Azuki. The full name of NDV is Next Gen Digital Venture. It is a new fund established this year in cooperation with cryptocurrency wealth management company Metalpha Technology Holding Ltd. It received a capital subscription of US$20 million in March.

Shortly after its establishment, NDV invested in Grayscale Bitcoin Trust GBTC. Since then, GBTC has recovered, and the negative premium rate has continued to narrow, and it is currently around 26.76%.

Christian is a post-00s student who is currently studying philosophy at Peking University. He first became interested in and devoted himself to Web3 and Crypto in NFT Summer in 2021. In less than 2 years, he has grown into a leading KOL and investor in the industry.

Out of interest in contemporary art, he chose NFT, a new asset. For NFT, Christian said that it is a combination of art and community concepts, and has a lower barrier to entry than DeFi. Due to its cultural attributes, NFT will be a high-quality medium when breaking the circle.

As for Azuki, Christian said that their community building is very good, and even feels that their narrative is more attractive than monkeys, so they can still maintain the value of the project when the NFT market is in a downturn.

It is especially worth mentioning that after the release of "Azuki Elementals", Christian immediately expressed his regret for the Azuki project, and said that Azuki has the most loyal community on earth, and he is willing to bid $40 million to buy the entire company.

On June 30, the sharp drop in the Azuki series resulted in a floating loss of more than 1,000 ETH, but Christian still said that he would not sell any Azuki, nor would he sell any (related series) NFT. These undoubtedly added to the goodwill of Azuki community members towards him.

0xpeas.eth

0xpeas.eth is the investment manager of Block Infinity and a partner of DrHashclub and BEANZ_CN.

Peas.eth has entered the blockchain industry in 2020 and has been active on the Twitter platform for a long time, often posting personal life updates,

From the information on her social media, it can be seen that she is a deep participant in the NFT circle, but there are not many other relevant personal information available.

However, what is a little curious is that Peas.eth defeated Yat Siu (Xiao Yi), the founder of Animoca Brands, who is known as the "Man of the Metaverse" in AzukiDAO's community vote.

Conclusion

Compared with the valuation and significance of the Azuki project itself, the US$5.44 million worth of BEAN tokens in the AzukiDAO treasury seem insignificant. But it is of great significance to the NFT project community. The public election of treasury multi-signature custodians represents that Azuki's governance power has gradually been transferred from the central team to the decentralized community, which is undoubtedly more in line with the concept of Web3.

Most of the new four members have extraordinary strength, and they have the recognition of NFT and the love of Azuki project. In any case, there is also new hope for the reconstruction of Azuki under the new governance structure.