Bankless Co-Founders Seek Separation from BanklessDAO Amid Controversy over Arbitrum Grant Proposal
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Co-founders of Bankless crypto media seek to separate the Bankless brand from the associated BanklessDAO amid controversy.
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Founders plan to burn all their BanklessDAO tokens and submit a proposal to formally separate the entities.
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Controversy stemmed from BanklessDAO's grant application to Arbitrum using weight of Bankless brand; community criticized.
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Criticism escalated rapidly on social media; founders accused of benefiting from Bankless brand they don't own in DAO proposal.
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Bankless founders previously started a VC fund; founded Bankless media in 2019 and launched token and DAO in 2021.