The zkSync ecosystem decentralized contract Phezzan Protocol has been taken over by a new team

ChainCatcher news, zkSync ecosystem decentralized perpetual contract protocol Phezzan Protocol tweeted that Phezzan Protocol has been taken over by a new team. Founders Roland and Jack voluntarily stepped down due to family reasons, and the new team will take on the management role for the project and will conduct an IDO as soon as possible to address operational funding issues.

As early as 2023, founders Roland and Jack successfully secured investments from well-known VCs including Delphi and Cogitent, totaling over $1 million. However, later Roland and Jack felt that this approach contradicted their community-oriented ideals and refunded 100% of the funds. (source link)