Paraspace NFT protocol ‘usurper’ resigns after failing to overthrow CEO

Replace (5/19/2023 14:25 UTC): This text has been corrected to replicate that Thomas Schmidt and Jay Yao are (or had been) consultants of ParaSpace NFT. A earlier publication of this text erroneously named the 2 people as co-founders. Cointelegraph regrets this error.

The ParaSpace nonfungible token (NFT) protocol saga over the whereabouts of the protocol’s fund took one other activate Might 19 because the mission’s advisor Jay Yao resigned from his place within the firm. Final Week, the NFT protocol made headlines over the lacking funds and a barrage of accusations by executives and the CEO towards one another. In a press release to Cointelegraph, a spokesperson for ParaSpace wrote:

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