Yat Siu Profile picture
Dec 18 11 tweets 7 min read
1/ Given the current state of AIP-183, .@Apecoin may be entering 2023 without an administrator which will cause unnecessary complications to $APE #DAO operations. I am proposing a solution that could perhaps solve the situation to everyone’s satisfaction under #AIP-1 rules
2/ The community deserves to be better informed, I believe it is absolutely necessary that Apecoin should never be without an administrator at any time because they are critical to keeping operations going for the DAO as described here forum.apecoin.com/t/aip-183-cart…
3/ I propose approving @CartanGroup as outlined in AIP-183 so DAO operations are not paused. Though the proposal is for 1 year, a new proposal for DAO operations & admins can be submitted 3 months after the proposal passes per AIP-1, Guideline 6. forum.apecoin.com/t/aip-1-propos…
4/ Approving the proposal will give us 3 months to draft a formal recruitment for a new administrator and agree on a voting mechanism for @apecoin DAO to select a new admin, it also gives us time to ensure an orderly transition (if that is what the community ultimately decides).
5/ This will also give the new council members joining the benefit of understanding better the roles & responsibilities of the administrator and what is required of them with appropriate handover mechanisms in place.
6/ The work extends beyond disbursement & payment to vendors, AIP management (discourse, review, snapshot etc.) but also managing compliance & legal, director risks etc. all would come to a temporary halt, legally council members are not the operators.
7/ @CartanGroup has been professional & hardworking and without their support the DAO would not have been in operation and they rose to the challenge during the most difficult #WIP formative stages. Being behind the scenes makes this a thankless job
8/ I am grateful for all the contributions @CartanGroup has done and would be sorry to see them go, I believe that it is partly because most do not know all that goes into running the DAO. The role of the council is not to be administrators or operators.
9/I have no financial interest in @CartanGroup nor is this an endorsement, that is for the community to decide. What I am interested in is in an orderly & smooth transition which, should AIP-183 not pass will create an unnecessary short-term crisis.
10/ I ask that the .@apecoin community vote for @CartanGroup while we bring in suitable alternatives so that $APE #DAO operations do not halt. This will give the community and new council members time to decide/change the most appropriate course of actions in the next 3 months.
11/ A peaceful and orderly transition is a necessary ingredient for any well functioning democracy, voting for AIP-183 is effectively only for 3 months and will ensure the well-being of @apecoin #DAO $APE community & operations snapshot.org/#/apecoin.eth/…

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More from @ysiu

Oct 24
1/ The correct headline should be how Asia the worlds largest market for gaming is taking the lead from the west in #blockchain #NFTs #gaming because Western Gamers won't let their companies enter #blockchaingames a 🧵👇 the #nft hate is predominantly a US/western gamer issue
2/ Studios like @SquareEnix a @sandbox @animocabrands investor and Krafton the creators of @PUBG (and +others) are making major moves into #NFT #blockchain games, asian gamers welcome the innovation as they appreciate the benefits
forbes.com/sites/eunicela…
theverge.com/2022/7/20/2327…
3/ Last year many of the largest game companies like @EA were presenting #blockchain #play&earn and #NFTs as the future of the game industry. The assessment is correct but unlike their asian counterparts are unable to venture into the space - for now
forbes.com/sites/paultass…
Read 9 tweets
Oct 5
1/ .@animocabrands is excited to announce our partnership with @coolcatsnft one of the earliest, important and cutest #NFT metaverse first collections out there, to celebrate I picked up a few #CoolCats including this rare beauty #CoolCatsNFT #7807 a little🧵👇 Cool Cats #7807 owned by ys...
2/ .@coolcatsnft has been a friend of the @animocabrands ecosystem for a long time from an early partnership with @TheSandboxGame geekmetaverse.com/cool-cats-anno…
3/ and another one with @ARC8App @GAMEEToken @GBotsbyGAMEE @PrizesApp as well as other members of the fam and we know that #CoolCatsNFT will continue to expand the relationship with @animocabrands & friends gamee.medium.com/cool-cats-in-a…
Read 4 tweets
Sep 29
1/ A thread on how we think of the state of the #NFT market (tldr; its growing and hardly "dead") infact from August to September volume of transactions has grown by over 30% - what's changed? 👇🧵
2/ Transaction volume of #NFT trading as compared to the peak is down in value due to price drops of @ethereum and average price but volume is back to March/April levels and recovering cryptoslam.io/nftglobal
3/ Floor prices of major NFT collections like @BoredApeYC are still hovering around 83 eth the difference is that $eth today is 3x lower in terms of USD value as compared to April opensea.io/collection/bor…
Read 9 tweets
Aug 26
1/ #blockchaingaming is here to stay .@AxieInfinity has trailblazed #playandearn #nftgames, but it’s also a natural target for anyone against #NFTs and #web3 #blockchain games. This hostility is unwarranted, unfair and often without the benefit of facts and context.
🧵👇
2/ .@AxieInfinity remains one of the most played #NFT games in the world with the following metrics:

771,000 monthly-active on-chain users
370,000 weekly-active on-chain users
2.3 million Axie holders
4 million Ronin wallet downloads $AXS $RON #blockchaingames
3/ The financial strength of @AxieInfinity is starkly evident, with current FDV close to $4B (it listed at $27M). It not only weathered a major hack but also repaid all losses to affected players, a testament to its durability and care for the community. roninblockchain.substack.com/p/the-ronin-br…
Read 13 tweets
Jul 21
1/ @Microsoft @Minecraft has just revealed that it will exclude anyone, without notice & due process, simply if they disagree with them and that they too operate as a digital dictatorship changing their terms of service on a whim washingtonpost.com/video-games/20…
2/ #minecraft has directly caused pain and suffering to an innocent & blameless minority who was purged and cleansed without regard to their circumstances and without advance notice causing at least >$100m in damages coindesk.com/business/2022/… (we have no stake in @nftworlds)
3/ @Minecraft has provided no evidence that operating #NFTs are harmful to their community given that a vast majority of all players are not engaged in any #blockchain version. Previous term did not disallow #NFT or #blockchain implementations of #minecraft have existed before
Read 10 tweets
Apr 26
1/ The Otherside is launching on 4/30 only those who KYCed can mint however @BoredApeYC #bayc #mayc holders will be able to claim their #NFT post-auction without the need for KYC. To mint you will need @apecoin $APE details available on @OthersideMeta
2/ All @apecoin earned from this auction will be locked up for one year which means no voting and other uses (eg. staking) for that period as well
3/ Auction will happen only on otherside.xyz news will only be from @othersidemeta @BoredApeYC @yugalabs @animocabrands as well as on Discord at discord.gg/bayc & discord.gg/the-otherside be vigilant/stay safe
Read 4 tweets

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