ParaSpace Team's "Infighting" May Resolve; Co-founder Jay Yao Resigns

NFT lending protocol ParaSpace's co-founder Jay Yao posted on Twitter, "Earlier today, I resigned from my position at ParaSpace along with other team members. Although we are still working hard to complete our solution, I want to take some time to apologize to the community because our internal affairs have affected our users - this was never meant to be a public issue, and it should have been resolved internally. I am sorry that I did not do this. I sincerely hope that Yubo and ParaSpace can move forward."

Previously, on the 17th, ParaSpace founder Yubo said on Twitter that Jay Yao and Thomas Schmidt had agreed to hand over the multi-signature and official Twitter account permissions, but they asked to be recognized for their contributions to the project and retain the title of co-founder. The two will leave the team after signing an agreement between both parties.

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