Ethereum NFT Project Sends DECENTRALIZED to Satoshi, Token Plunges 25%

  • Rune 2 transfers control of DECENTRALIZED to Satoshi Nakamoto, signaling full decentralization.

  • The team withdraws from the project, resulting in a 25% drop in DECENTRALIZED token value.

  • The move, costing over $1 million, was intended to symbolize blockchain culture rather than seek financial returns.

Rune 2, an Ethereum-based NFT project created by CyberKongz, has announced that it is fully decentralizing its DECENTRALIZED project. The team sent Rune 2 to Satoshi Nakamoto’s wallet and stated they would withdraw from the project, causing a 25% drop in DECENTRALIZED value.

DECENTRALIZED: A Tribute to Bitcoin’s Ethos

DECENTRALIZED, launched with the intent of representing the decentralized culture and ethos of Bitcoin, was launched on April 20, 2024, coinciding with the day of fourth Bitcoin halving. It was etched using the Runes Protocol, which was also introduced on the halving. 

The project started as a Pre-Rune Ordinals collection called “Prometheans,” created by the CyberKongz team. This collection had a supply of 21,000 and was airdropped to hand-selected Ordinals communities (85% of the supply) as well as existing CyberKongz holders (the remainin…

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