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“Woe to the Inhabitants of the Earth!”

By Lou K Coleman

Woe, Woe, Woe! Refusing to hear the solemn warnings from Heaven, clinging to this earth as your home and your dwelling place, as if you would abide here forever. Woe, unto you! [Revelation 8:13]. Damnation and destruction will be your portion. For you have not humbled yourself. You have not honored the God in whose hand thy breath is – Under whose power, and at whose disposal, is thy life. Instead, you have set yourself up against the Lord of Heaven and because of that, He has sent the hand that wrote the inscription. “Mene, Mene, Tekel, Parsin. [Daniel 5:27]. Woe, unto you!

Then I looked, and I heard a single eagle crying loudly as it flew through the air, “Terror, terror, terror to all who belong to this world because of what will happen when the last three angels blow their trumpets.” [Revelation 8:13].

Then the fifth angel sounded his trumpet, and I saw a star that had fallen from the sky to the earth. The star was given the key to the shaft of the Abyss. When he opened the Abyss, smoke rose from it like the smoke from a gigantic furnace. The sun and sky were darkened by the smoke from the Abyss. And out of the smoke locusts came down on the earth and were given power like that of scorpions of the earth. They were told not to harm the grass of the earth or any plant or tree, but only those people who did not have the seal of God on their foreheads. They were not allowed to kill them but only to torture them for five months. And the agony they suffered was like that of the sting of a scorpion when it strikes. During those days people will seek death but will not find it; they will long to die, but death will elude them. [Revelation 9:1-6].

The first woe is past; two other woes are yet to come.

Then the sixth angel sounded his trumpet, and I heard a voice coming from the four horns of the golden altar that is before God.  It said to the sixth angel who had the trumpet, “Release the four angels who are bound at the great river Euphrates.”  And the four angels who had been kept ready for this very hour and day and month and year were released to kill a third of mankind. [Revelation 9:13-21].

The second woe has passed; the third woe is coming soon.

These judgments are meant to warn people to repent and turn to God, but sadly, many will refuse to do so because of their evil and doubting heart. And because of that they, too, will drink the wine of God’s fury, which has been poured full strength into the cup of his wrath. They will be tormented with burning sulfur in the presence of the holy angels and of the Lamb. And the smoke of their torment will go up forever and ever, and they will have no rest, day, or night…  [Revelation 14].

Her plagues shall come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judges her. [Revelations 18:8].

Woe to the Inhabitants of the Earth!

Gov. Newsom Signs Sen. Steve Bradford’s Ebony Alert Bill Into Law

By Antonio? ?Ray? ?Harvey ?|? ?California? ?Black? ?Media?

Gov. Gavin Newsom signed the “Ebony Alert” bill to help locate missing Black youth and Black women in the state of California, according to an Oct. 8 written statement from his office.

Senate Bill (SB) 673, authored by Sen. Steven Bradford (D-Inglewood), provides a notification system to address the often ignored or lack of attention given to Black children and young Black women that are missing in California.

“I am signing Senate Bill 673,” Newsom said in an Oct. 8 statement. “I thank the Legislature for highlighting this important issue, addressing well-documented disproportionality in the number of children of color who go missing every year.”

SB 673 authorizes a law enforcement agency to request that an Ebony Alert be activated if that agency determines that it would be an effective tool in the investigation of a missing Black youth or young Black women between the ages of 12 and 25 years.

The U.S. population is 14% Black. Black children are disproportionately classified as “runaways” in comparison to their White counterparts who are classified as “missing” and, therefore, many Black children do not receive the Amber Alert.

“It’s very important to have the Ebony Alert because far too often when Black Women and children go missing there is little to no publicity which hinders the effort to find them,” said Kellie Todd Griffin, CA Black Women’s Collective Empowerment Institute.

“I applaud Senator Bradford for bringing this forward and the Governor for signing the Ebony Act into law. Now we have to be diligent to ensure it is implemented effectively into practice.”

According to the Black and Missing Foundation Inc. (BAMFI), 38% of children reported missing in the U.S. are Black. BAMFI is a non-profit organization whose mission is to bring awareness to missing persons of color. It provides resources and tools to missing person’s families and friends and educates the minority community about personal safety.

AMBER – the moniker that stands for America’s Missing: Broadcast Emergency Response – was created as a legacy to nine-year-old Amber Hagerman, who was kidnapped and murdered while riding her bicycle in Arlington, Texas.

Similar to Amber Alert, California has an existing law that authorizes the issuance and coordination of a “Silver Alert” relating to a person who is 65 years of age or older, developmentally disabled, or cognitively impaired who is reported missing.

The “Feather Alert,” relating to an endangered indigenous person who has been reported missing under unexplained or suspicious circumstances, is also on books.

Newsom did note “broader concerns” he had with SB 673 and expressed them to Bradford. His administration questioned standards in the bill and stated that they “do not align with the criteria in existing alerts,” specifically the Amber Alert, Endangered Missing Advisory, Feather Alert, and Silver Alert.

“Our emergency alert system is dependent on people not being fatigued by it and thus ignoring it,” the Governor wrote. “Our challenge is to achieve balance between the imperative to notify the public quickly in cases of missing persons or dangerous situations, but to not desensitize that same public outcry by sending too many notifications.”

Black women and girls are at increased risk of being harmed and sex trafficked. A recent report on human trafficking incidents across the country also found that 40% of sex trafficking victims were identified as Black women. The county of Los Angeles reported that 92% of girls in the juvenile justice system identified as victims of sex trafficking are Black, according to the Congressional Black Caucus.

‘“When someone who is missing is incorrectly listed as a runaway, they basically vanish a second time,” Bradford said in a statement after he introduced the bill on the Senate floor in March. “They vanish from the police detectives’ workload. They vanish from the headlines. In many ways, no one even knows they are missing. How can we find someone and bring them home safely when no one is really looking for them,” Bradford stated.

Earlier this year, community advocates in Oakland’s announced a “state of emergency” in response to 10 attempted abductions and kidnappings of Black girls and women.

Oakland Councilmember Treva Reid of District 7, announced in May that of the 1,500 missing person cases reported in the city, 400 were Black women. In 2022 alone, 20% of missing cases went unsolved.

Reid supports SB 673. On May 30, the Oakland City Council unanimously voted in favor of her resolution endorsing the alert system statewide.

“A troubling number of our daughters, sisters, aunts, and mothers go missing throughout our community and they must be protected and safe in our city,” Reid stated. “It is critical that state and local jurisdictions have access to the best enforcement tools and resources to swiftly respond to the crisis of kidnappings and attempted abductions in Oakland and across California.”

Gov. Newsom Vetoes Cannabis Café Bill

By Lila Brown | California Black Media

On October 8, Gov. Newsom vetoed Assembly (AB) Bill 374.

This legislation would have allowed businesspeople to operate cannabis cafés in California, like those in Amsterdam, where non-marijuana food products can be served and consumed. This is despite the existing federal ban on the entire industry.

The bill, authored by Assemblymember Matt Haney (D-San Francisco), would have also allowed café owners to host and sell tickets to live events.

In his veto message, Newsom said he appreciates the author’s intention to support cannabis retailers, many of them struggling to make a profit. However, he is concerned that the legislation “could undermine California’s long-standing smoke-free workplace protections.”

“Protecting the health and safety of workers is paramount. I encourage the author to address this concern in subsequent legislation,” wrote the Governor.

Responding to Newsom’s decision to return AB 374 unsigned, Haney drew parallels to California’s wine industry in a statement released Sunday.

“Californians are proud of our state’s wine culture, and we do everything we can to make sure that our winemakers receive the support they need – – we need to be doing the exact same thing for cannabis,” he wrote. “If we don’t start better supporting these businesses, we are going to lose decades of being at the forefront of the cannabis movement and other states will be ready to swoop in and take it from us.”

Throughout the legislative process the bill has attracted both praise and criticism with some applauding it for the business opportunities it presents and others expressing strong disapproval because of health concerns such as second-hand smoke.

“Lots of people want to enjoy legal cannabis in the company of others,” said Haney. “And many people want to do that while sipping coffee, eating a scone, or listening to music.”

For owners of cannabis product stores, AB 374 presented opportunities to scale their businesses.

Nina Parks is a co-founder of Equity Trade Network which is a non-profit collective that provides small businesses with supply chain business resources within the cannabis industry in California. She also served on the Cannabis Oversight Committee in San Francisco where she advocated for more equity as regulation was being developed. She said her cannabis lifestyle brand, Gift of Doja was set to resume hosting live, curated events that promote safe social spaces.

Parks told California Black Media (CBM) that AB 374 is a step in the right direction.

“The ability to at least have non-cannabis foods being able to be sold at dispensaries also gives dispensary owners an opportunity to put another revenue stream in their business. Being able to have non-cannabis related sales in your establishment really allows for another revenue stream for store owners. It is also an opportunity for cannabis businesses to remove the stigma and normalize consumption,” says Parks.

In cities like Los Angeles where programs are in place to help people affected by the War on Drugs, and other low-income entrepreneurs, launch cannabis-related businesses, the legislation was seen as offering hope.

LA Mayor Karen Bass is working to expand business licensing and compliance for Social Equity applicants and licensees to receive guidance from marijuana industry experts. A Social Equity Social Equity Individual Applicant is defined as an individual who fulfills at least two of the following three criteria: (1) Low-Income; (2) a prior California Cannabis Arrest or Conviction; (3) ten years’ cumulative residency in a Disproportionately Impacted Area.

While consuming cannabis on-site at cannabis retailers is technically legal in California, selling non-cannabis-infused products is not permitted. Supporters of AB 374 said the bill would have allowed cannabis retailers to diversify their operations and transition away from the limited dispensary model by selling non-cannabis-infused foods.

“It should have happened a long time ago. We let Colorado and other states go before us and California should’ve been the state to have already perfected this, says Brian Johnson, 51, an entrepreneur in Orange County.

As a shop owner and cannabis advocate, Johnson is eagerly waiting for his vision to become a reality. He blames red tape and excessively high taxes as obstacles to progress. However, like most cannabis entrepreneurs, he remains enthusiastic.

“Those who were criminalized and got their record expunged can get back to their entrepreneurial spirit,” says Johnson.

The strongest opposition to AB 374 came from advocates who argued that the legislation would erase decades of health safeguards put in place for businesses to protect employees by maintaining smoke-free work environments.

“Workers should not have to choose between their health and a good job. California has fought hard to protect workers and ensure a safe, healthy, smoke-free work environment,” the American Cancer Society Cancer Action Network, the American Heart Association and the American Lung Association wrote in a letter of opposition to the legislation.

Sierra High Is One of America’s Healthiest Schools

SAN BERNARDINO, CA— San Bernardino City Unified School District’s (SBCUSD) Sierra High School has been recognized as one of America’s Healthiest Schools.

The Alliance for a Healthier Generation is a Clinton Foundation-funded organization that is dedicated to health and wellness in public schools. It has awarded the distinction to Sierra this week for its dedication to supporting the health and well-being of students, staff, and families. Sierra is one of 781 schools across 36 states in the U.S. honored this school year.

As a continuation high school, Sierra serves students who are behind in high school credits or who may need a flexible educational environment because they are employed or fulfilling family obligations, making it even more vital that the campus meet most of the needs of its 470 students, according to Principal Hector Murrieta.

“Being honored as one of America’s healthiest schools is a testament to our unwavering dedication to promoting the well-being of all our students,” said Murrieta. “We believe in nurturing the whole student in a customized, personal way.”

Murrieta expressed pride and gratitude for Sierra’s recognition, emphasizing that this achievement is the result of collective efforts made by teachers, staff, students, families, and the entire community.

Sierra High School prioritizes student mental and emotional well-being. The school takes a proactive approach to address mental health concerns, implementing programs that focus on stress reduction, mindfulness, and coping strategies. With help from key partners like Loma Linda University School of Behavioral Health, the school offers on-campus counseling services and support groups, creating a nurturing environment where the emotional well-being of students is as important as their academic success.

America’s Healthiest Schools is an annual recognition program that celebrates schools for implementing policies and practices to promote health and well-being. Sierra was recognized for demonstrating remarkable efforts to prioritize the essential health needs of its school community and exceeding best practice standards in three of the nine evaluation topics.

The three topics Sierra excelled in were:

  • Strengthening Social-Emotional Health & Learning—Supporting the social-emotional, mental, and behavioral health of students
  • Improving Nutrition & Food Access—Promoting and increasing healthy eating and food access through school nutrition programs and nutrition education
  • Implementing Local School Wellness Policy—Advancing health-promoting practices through implementation of the district’s wellness policy

Healthier Generation’s list of America’s Healthiest Schools remains one of the country’s longest-running, nationwide recognition programs honoring schools for achievements in supporting the whole health of students, teachers, and staff.

“This year, Healthier Generation continues to meet districts, schools, and educators where they are, recognizing it takes a considerable degree of effort to serve as a model of best practice in whole child health for students, teachers, staff, and community,” said Kathy Higgins, Chief Executive Officer at Healthier Generation. “We commend America’s Healthiest Schools for demonstrating resilience and adaptability amid challenging times for our nation’s schools.”

League of Women Voters, San Bernardino Honored Community Leaders, and Organizations at 48th Annual Citizen of Achievement and Civic Engagement Ceremony

SAN BERNARDINO, CA—- League of Women Voters, San Bernardino celebrated their 48th annual Citizens of Achievement and Civic Engagement Ceremony honoring community leaders and organizations on a beautiful Sunday, October 8, 2023, at the Sterling Natural Resource Center in Highland, CA.

Honorees included Francine Cepeda Blacksher in recognition for being the founder of Pacific Islander Graduate Recognition Program; Dr. Jenna Cortez-Aguirre for her work with St. Mary’s Ballet Folklorico of Redlands; Kristin Malaby for starting So Cal Trash Army clearing trash from the mountain recreation areas; Dr. Enrique Murillo, Jr., founder of Latino Education & Advocacy Days (LEAD) and appointment by President Joe Biden to the United States Advisory Commission on Advancing Educational Equity, Excellence, and Economic Opportunity for Hispanics of all age groups; Ratibu Shadidi (William “Bill” Henry Jacocks) posthumously for his community activities, civic engagement, social activism, and advocate of “Kwanzaa Consciousness;” High Desert Pearls for advocating social justice including campaigning in the high desert local schools to increase voter participation, registration, and education; Inland Empire Children’s Book Project main focus of volunteer work includes giving books to children ages 0-18 (donations and volunteers are always welcome); and Westside Action Group, unofficially known as WAG to reduce racial inequities in employment, education, government, etc. in the City of San Bernardino.

At the conclusion of the program, the League was honored with recognition from Mayor Helen Tran & Council members along with community leaders.

To make a difference in elections and public policy, consider joining the League of Women Voters at: https://my.lwv.org/california/san-bernardino-area/join-lvwsb

State of Black Inland Empire… Challenge Accepted!

Inaugural Event Pays Off!

Dr. Corey Jackson, the Assembly Member representing California’s 60th district, hosted the ‘State of The Black IE’ on Saturday, which was the first of what is promised to be an annual event. It was held at the Moreno Valley Conference Center where approximately 300 excited guests mingled, as they glad-handed and hugged their ways to their assigned tables.

Dr. Jackson was the first amplified voice of the morning, with a call to order. He established that we were gathered, not to celebrate, not to network, but to recharge our commitment to service. Serving is sacred work.

The symposium presented data regarding health, housing, entrepreneurship, reparations, and topped it off with a crowd inspiring discussion with Nikole Hannah-Jones. She is the Pulitzer Prize-winning creator of the “1619 Project” and staff writer at the New York Times Magazine, as well as the book version of “The 1619 Project”, as well as the 1619 Project children’s book, “Born On The Water”, which ere instant #1 New York Times bestsellers. Her 1619 Project is now a six-part docu-series on Hulu.

Another highlight of the symposium was the presentation of a Million dollar check by Assembly member Jackson, from the State of California to the Black Equity Initiative (BIA). The BIA is composed of IE organizations that share a desire to improve social conditions through empowerment, education, and policy change.

Hakeem Jeffries Slams GOP Move As ‘petty, Partisan And Petulant’


By Navdeep Yadav

House Minority Leader Hakeem Jeffries (D-N.Y.) criticized the Republican initiative to evict two senior Democrats from their Capitol offices.

Jeffries referred to the move to displace former Speaker Nancy Pelosi (D-Calif.) and Rep. Steny Hoyer (D-Md.) as “petty, partisan and petulant.”

Speaker Pro Tempore Patrick McHenry‘s (R-N.C.) office instructed Pelosi to clear her office by Wednesday, while Hoyer was removed from his “hideaway office” the same morning. Jeffries expressed his disapproval of McHenry’s decision in an op-ed for The Washington Post.

Jeffries stated that following the narrow avoidance of a government shutdown and the historic ousting of former Speaker Kevin McCarthy (R-Calif.), “things only deteriorated from there.”

House Minority Leader Hakeem Jeffries (D-N.Y.) criticized the Republican initiative to evict two senior Democrats from their Capitol offices. PHOTO BY HAROLD MENDOZA/UNSPLASH

He accused House Republicans of lashing out and attempting to shift blame. The Democrats, according to Jeffries, have sought bipartisan solutions and a “way out” of the dysfunction created by the House Republicans.

“The House should be restructured to promote governance by consensus and facilitate up-or-down votes on bills that have strong bipartisan support,” Jeffries wrote.

He reinforced the Democrats’ commitment to finding a bipartisan path forward but emphasized that Republicans need to be willing to “break with MAGA extremism.”

This development comes in the wake of a historic vote in the House of Representatives, which saw Speaker Kevin McCarthy (R-Calif.) removed from his leadership role due to internal GOP discord. The motion to oust McCarthy was initiated by Rep. Matt Gaetz (R-Fla.) due to McCarthy’s cooperation with Democrats to prevent a government shutdown.

Pelosi, last month, had announced her decision to run again for reelection to regain control of the House and counter any potential return of former President Donald Trump. Her decision was influenced by her commitment to halt Trump’s possible return to power and cater to San Francisco’s “special needs.”

Meanwhile, Pelosi, on Friday, brushed off McHenry’s decision to boot her from her Capitol “hideaway office.” She called it “incidental” and said she had more important concerns. She added, “The office means nothing to me!”

Produced in association with Benzinga



Biden Stands With Israel, Condemns Hamas Attack


By Lennox Kalifungwa

U.S. President Joe Biden called Israeli Prime Minister Benjamin Netanyahu on Saturday, emphasizing that Washington stands alongside Jerusalem and fully supports the Jewish state’s right to self defense in the wake of the deadly Hamas attack from Gaza.

Netanyahu thanked the U.S. president for the unreserved support and made it clear that a “forceful, prolonged campaign” is necessary, the Prime Minister’s Office said.

“We unequivocally condemn the appalling attacks by Hamas terrorists against Israel,” tweeted Secretary of State Antony Blinken. “We stand in solidarity with the people of Israel and extend our condolences for the Israeli lives lost in these attacks.”

U.S. Defense Secretary Lloyd Austin said the Pentagon would work “to ensure that Israel has what it needs to defend itself and protect civilians from indiscriminate violence and terrorism.

“Our commitment to Israel’s right to defend itself remains unwavering, and I extend my condolences to the families of those who lost their lives in this abhorrent attack on civilians,” he said.

U.S. President Joe Biden called Israeli Prime Minister Benjamin Netanyahu on Saturday, emphasizing that Washington stands alongside Jerusalem and fully supports the Jewish state’s right to self defense in the wake of the deadly Hamas attack from Gaza. PHOTO BY MARKUS SPISKE/UNSPLASH

Earlier, acting U.S. Ambassador in Jerusalem Stephanie Hallett said she was “sickened by the images coming out of southern Israel of dead and wounded civilians at the hands of terrorists from Gaza. The United States stands with Israel.”

She added, “I condemn the indiscriminate rocket fire by Hamas terrorists against Israeli civilians. I am in contact with Israeli officials, and fully support Israel’s right to defend itself from such terrorist acts.”

Hamas killed more than 100 Israelis on Saturday in a massive offensive launched from the Gaza Strip, including firing more than 3,000 rockets and sending dozens of Palestinian terrorists to infiltrate the Jewish state.

Hamas claimed to be holding more than 35 Israelis hostage in Gaza.

U.S. President Joe Biden called Israeli Prime Minister Benjamin Netanyahu on Saturday, emphasizing that Washington stands alongside Jerusalem and fully supports the Jewish state’s right to self defense in the wake of the deadly Hamas attack from Gaza. PHOTO BY MARKUS SPISKE/UNSPLASH

More than 900 Israelis were evacuated to hospitals across the country, almost half to Soroka Medical Center in Beersheva and many to Barzilai Medical Center in Ashkelon.

Netanyahu convened the Security Cabinet at the Kirya military headquarters in Tel Aviv.

“Since this morning, the State of Israel has been at war. Our first objective is to clear out the hostile forces that infiltrated our territory and restore the security and quiet to the communities that have been attacked,” said Netanyahu at the start of the meeting.

“The second objective, at the same time, is to exact an immense price from the enemy, within the Gaza Strip as well. The third objective is to reinforce other fronts so that nobody should mistakenly join this war,” he continued.

“We are at war. In war, one needs to be level-headed. I call on all citizens of Israel to unite in order to achieve our highest goal—victory in the war,” added the premier.

Netanyahu also spoke with French President Emmanuel Macron and Dutch Prime Minister Mark Rutte. Both leaders expressed full support for Israel’s right to defend itself, Netanyahu’s office said in a statement.

Produced in association with Jewish News Syndicate

(Additional reporting provided by JNS Reporter)



Pope Francis Prays For Peace In Israel Amid Ongoing Conflict


By Priscilla Jepchumba Rotich

The head of the catholic Church, Pope Francis, on Sunday responded to the ongoing conflict in Israel in a statement to çongregants,  praying for the peace of Israel and appealing to an end in violence saying: “War is a failure. Every war is a failure.” 

This followed a Saturday dawn surprise attack where Hamas was able to infiltrate the heavily surveilled and guarded Israeli borders through land, air and sea after launching more than 2000 rockets across Israel. The militants took both soldiers and civilians hostage in the attack after penetrating several Israeli towns and army bases. 

Following the attacks by Hamas, the Israeli Prime Minister Benjamin Netanyahu said that Israel was at war and launched retaliatory attacks against the terrorist group in Gaza. 

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Pope Francis waves to the crowd as he arrives for his weekly general audience in the Paul VI Hall at the Vatican, Wednesday, Dec. 6, 2017. The Pope said that he was following the Israeli- Palestinian conflict ” with apprehension and sorrow” while expressing his solidarity with the victims. MASSIMO VALICCHIA/NURPHOTO VIA GETTY IMAGES.

An Israeli official was also quoted by the media saying that the terrorists had been decimated in their hundreds. After the Sunday address to the congregants, Pope Francis appealed for peace in Israel. “Terrorism and war do not bring any solution, but only death and suffering for many innocent people,” said the Pope.

The Catholic head added that he was following the Israeli- Palestinian conflict ” with apprehension and sorrow” while expressing his solidarity with the victims.” The continuing bloodshed and declarations of war remind us once again of the urgent need to find a lasting and comprehensive solution to the Palestinian – Israeli conflict in this land,” said the Pope. 

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Pope Francis waves to the crowd as he arrives for his weekly general audience in the Paul VI Hall at the Vatican, Wednesday, Dec. 6, 2017. The Pope said that he was following the Israeli- Palestinian conflict ” with apprehension and sorrow” while expressing his solidarity with the victims. MASSIMO VALICCHIA/NURPHOTO VIA GETTY IMAGES.

The violence has so far claimed over 500 casualties from Israel and Palestine, including victims from the Hamas attack and Israeli retaliation.

Earlier in a statement, Cardinal Pierbattista Pizzaballa who heads the Catholic Church in Jerusalem also called for a de- escalation of the conflict calling the violence ” very concerning due to its extension and intensity”. The Pope, in his Sunday address added that ” there will be peace in Israel and Palestine” and urged the two to dialogue as a way of creating ” paths of reconciliation and peace”. 
 

Edited by Judy J. Rotich and Newsdesk Manager



FloorDAO Schism Highlights Challenges In NFT Finance Projects


By Bibhu Pattnaik

A recent schism within the NFT finance-centric group, FloorDAO, has spotlighted the challenges and disagreements that can arise within such projects.

Originally, FloorDAO was on a mission to develop innovative products for “NFT-Fi.” However, a rift emerged when it transferred a whopping $2.5 million from its treasury, a mix of crypto tokens and NFTs, to a new faction named FloorkDAO.

This new group, driven by activist investors and joined by many disgruntled hZenger News, promptly initiated a redemption process, offering nearly $5 for each FLOOR token, a rate approaching its yearly high. Presently, the FLOOR token is valued at $3.88, reported CoinDesk. 

A recent schism within the NFT finance-centric group, FloorDAO, has spotlighted the challenges and disagreements that can arise within such projects. PHOTO BY ANDREY METELEV/GETTY IMAGES

The crux of this division can be traced back to FloorDAO’s obligations to its FLOOR token investors. Originating from Olympus DAO, FloorDAO was conceptualized with the belief that its native token’s price should always remain above its treasury’s value.

Yet, when the FLOOR token’s price did dip below this threshold, the anticipated countermeasures were not implemented. Instead, a protocol revamp was proposed, depriving token-hZenger News of their voting privileges and access to the treasury.

Before the rollout of this upgrade, a portion of the FLOOR community began expressing their dissent. They reportedly pressed the project to grant them an exit, seeking their treasury share.

A recent schism within the NFT finance-centric group, FloorDAO, has spotlighted the challenges and disagreements that can arise within such projects. PHOTO BY ANDREY METELEV/GETTY IMAGES

The emergence of FloorkDAO underscores the mounting influence of activist investors in decentralized autonomous organizations (DAOs).

Several DAOs have grappled with challenges this year, with investors advocating for buyouts. While project insiders view this as a threat to the DAO, activist investors argue they are safeguarding their stakes and the interests of fellow token hZenger News.

Produced in association with Benzinga