Decentralised transmitted Rune2 to Satoshi’s wallet, signalling full independence for the work.
The team invested $1 million in Rune2, and now the community will drive its future.
The trade responded with a 25% drop in the value of decentralised's token.
On September 6, 2024, decentralised transfer Rune2 to Satoshi Nakamoto’s wallet, which signalled a major change for the project. The CyberKongz group behind decentralised announced their complete withdrawal so the project could become fully non-centralised. They explained that no single entity would control Rune2, as it aligns with the project's commitment to autonomy. The group. also clarified that their $1 million investment was not for profit but to create a lasting symbol in the blockchain world.
Origins and Growth of Rune 2
Rune 2 started with the Prometheans, an NFT collection that symbolised exploration. This selection was mostly airdropped to the Bitcoin and Ordinals communities, which laid the foundation for what decentralised would become. As the team continued to experiment, the importance of Rune2 grew, leading to the launch of the Untitled project. This project emphasised Rune2’s role within the Bitcoin ecosystem, establishing it as a key part of blockchain history.
https://twitter.com/WuBlockchain/status/1832241280115732524
The team’s decision to step back allows decentralised to operate independently and adhere to its core principles of distribution. By giving up control, the project now relies entirely on its community for direction and growth.
Market Reaction and Future Challenges
The sales reacted quickly to the announcement, and decentralised, the project’s native token, lost 25% in value within 24 hours. The metric is currently trading at $0.00002262, which reflects a 4.86% decline over the last day. This acute drop has caused concern among investors about the project’s future without its founding team.
The team’s decision to leave decentralised points a growing trend in the blockchain world toward decentralised and community-driven models. As a result, the project’s future now rests with its community, which will need to navigate the challenges that lie ahead.
Looking Forward for Decentralisation
Decentralised’s move to full autonomy marks an important change in the blockchain space. The CyberKongz squad allocated $1 million without expecting a financial return, showing their commitment to the project’s cultural value. Yet, the question remains: how will centrally organised organisations evolve without their original creators guiding them? As decentralised moves forward, the blockchain community will be watching closely to see how it progresses under this new structure.
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