Daily Discussion - December 04, 2020

Uhh I'm not sure how I feel about this.

So, it looks like OMG Network is completely separating from Synqa, and being acquired by GBV?

If the future was looking bright for the project, what prompted the sale?

Is Vansa still going to be CEO? (I was thinking a few weeks back about what prompted her Twitter handle change from Vansa_OMG to Vansa_c ...)


From this, "Following the acquisition, a number of integrations and partnerships are in the works, GBV and OMG will work closely together to leverage resources and explore new directions, such as building lending and trading platforms, to achieve DeFi’s massive adoption and growth potential.

As one of the major objectives of this acquisition, GBV will ensure the smooth transition of OMG Network’s team and business from SYNQA to GBV, minimizing the impact of the acquisition on OMG Network’s token price. Additionally, both companies will address appropriately to the potential concern from employees, clients, token holders and the community.

GBV believes that the focus of OMG Network’s current operations is on completing the planned roadmap for the next six months; the existing lines of partnership and cooperation will be expected to continue on an arm’s length basis.

The goals of the OMG Network will remain unchanged in the short term. Its native token OMG continues to be the token that powers the OMG Network. With the new changes, OMG Network will work on more partnerships to broaden the us"

I wonder how the team views this acquisition, and if it'll prompt any individuals to look towards the exit.

I guess my main concern is how GBV plans to govern the project.

I'm not familiar with this entity, so whether this is probably good or bad is what I'm on the fence about.

/r/OMGnetwork Thread Parent