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Vitalik donates again, will Juicebox bring new memes?

BlockBeats2024/05/30 10:13
By:BlockBeats

Vitalik donated again, this time he donated 30 ETH to a project called "Free Alexey Roman" on Juicebox. This is also the second time Vitalik has donated to a project, after donating 12.6 ETH on January 23.



"Alexey Roman" refers to Tornado Cash developers Alexey Pertsev and Roman Storm.


The last time Vitalik made a move was for AssangeDAO, in order to rescue Assange, the founder of WikiLeaks, Vitalik donated 10 ETH. This time, Vitalik donated a total of 42.6 ETH to Alexey and Roman, which is enough to show his attention to the Tornado Cash case.


Since its launch in 2019, Tornado Cash has been caught in regulatory crises several times due to suspected money laundering. As the most in-demand mixer on Ethereum, the Tornado Cash case has always had a place in the DeFi regulatory agenda. Following the arrest of Roman Storm last year, the topic of sentencing of the remaining founders continues.


Related reading: " Found guilty! What does the Tornado Cash case verdict mean for DeFi regulation? "


On May 14, Alexey Pertsev was formally found guilty and sentenced to 64 months in prison. The crypto community, especially the developer community, strongly protested Pertsev's arrest, fearing that the charges against Pertsev could set a dangerous precedent for the conviction of software developers. In addition to Vitalik, Pertsev has won various support, including petitions, lawyers' fundraising, and statements from hacked protocols declaring his innocence.


Roman Storm's trial is scheduled for September, and the funds raised by "Free Alexey Roman" will be used to support the legal defense fund of the two. The project has raised 589 ETH so far.


From auctioning the constitution to releasing sinners, is a new meme coming?


As an automated crowdfunding platform, Juicebox is able to raise funds for any project on it. In a sense, Juicebox can be said to be the "savior" of Alexey and Roman.


Most of the projects launched on Juicebox are presented in the form of DAO. In mid-November 2021, a project called ConstitutionDAO successfully made Juicebox popular.


At that time, Sotheby's, the world's top auction house, was auctioning an official first edition of the U.S. Constitution, which is also the only existing copy in the hands of private collectors. Sotheby's valued it at between $15 million and $20 million, and ConstitutionDAO was born to shoot this constitution. In just 6 days, ConstitutionDAO successfully raised more than 10,000 ETH, equivalent to about $43 million, through the Juicebox fundraising platform.


This fundraising was promoted and supported by well-known institutions such as cryptocurrency trading platforms Gemini, Coinbase, and a16z. Since the auction at Sotheby's requires the use of fiat currency, FTX US President Brett Harrison said that FTX is also willing to provide cryptocurrency and fiat currency exchange services for ConstitutionDAO.


Related reading: " They raised $40 million worldwide in 6 days just to buy the U.S. Constitution "


The ETH donated to ConstitutionDAO was exchanged for the corresponding number of PEOPLE tokens. For a time, the hype of PEOPLE triggered the charm of meme+DAO. People began to look for the next similar project, and FreeRossDAO appeared at the right time.


FreeRossDAO’s narrative is just as its name suggests, it is to free Ross Ulbricht, the founder of the Silk Road dark web e-commerce platform.


On the Silk Road, in addition to anonymously purchasing guns, drugs and other contraband that are all over the platform, you can also support Bitcoin transactions. At that time, Bitcoin had just appeared for a year, and the Silk Road became the world’s first e-commerce platform to support Bitcoin transactions. It can be said that Ross has made an indelible contribution to the promotion of Bitcoin.


In 2013, founder Ross was arrested and convicted of conspiracy to launder money, computer hacking, drug smuggling, and operating a criminal enterprise, and was sentenced to life imprisonment, plus an additional 40 years. It was such a criminal that in order to get him released early, FreeRossDAO raised 2,836 ETH through Juicebox to bid for Ross's NFT collection, Ross Ulbricht Genesis Collection.


Related reading: " Can FreeRossDAO replicate the success of PEOPLE? "


FreeRossDAO promised donors ROSS tokens, and then ROSS was renamed FREE. And the word "free", which has more meme attributes, seems to have become a new narrative on Juicebox.


Among them, AssangeDAO is the DAO created to "free Assange". Julian Assange was charged with 18 counts and sentenced to 175 years in prison for exposing a large amount of confidential information through Wikileaks.


AssangeDAO was created during the Spring Festival in 2022 and quickly became popular, raising about 14,890 ETH in just a few days. The DAO aims to raise ETH in exchange for JUSTICE governance tokens to bid for 1/1 NFTs produced by digital artist Pak in collaboration with Julian Assange.


From PEOPLE to FREE and then to JUSTICE, every fundraising is accompanied by the hype of a meme coin. Perhaps the ETH raised to support Alexey and Roman this time will also bring the next new meme narrative.


It is worth noting that, influenced by the US election, former US President Donald Trump has successively stated that he may pardon Ross and Assange after his election. This statement has caused FREE and JUSTICE tokens to pull up and return to the public eye. Let's see how much influence Juicebox's new donation DAO can bring.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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