On Wednesday, decentralized finance, or DeFi, detective @zachxbt posted a lengthy thread about TreasureDAO frontend engineer Just Cheese, or JC, and his alleged past involvement in various non-fungible token, or NFT, projects. According to his whitepaper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.” The listed projects use the native token of the MAGIC ecosystem for transactions, and TreasureDAO governs the issuance of MAGIC.
According to zachxbt, the story began when JC shared his wallet address on the TreasureDAO discord last November. The DeFi sleuth then claimed to have traced a key series of entries, totaling 134.66 ETH, in JC’s wallet to various NFT/token projects, including but not limited to Mutant Cats, ZombieToadz, and Yuta/YYYY – all the projects that, according to zachxbt, were forgotten after launch.
- Time Studios on Legacy Media and the Birth of NFTs
In an official announcement on the TreasureDAO Discord, the project team offered the following explanation:
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