NFT project Jirasan is moving to reset its operations according to Founder and CEO Shan.
In a post published on Twitter/X, Shan acknowledged the project’s growing pains and outlined a clearer, more focused roadmap after what he described as an “overly ambitious” attempt to scale with limited resources.
The founder has committed to restructuring the team, reassessing leadership roles—including his own—and narrowing the project’s focus to deliver real revenue-backed growth.
Source: JirasanWhat is Jirasan?
Jirasan is a collection of 10,000 NFTs that serve as membership passes to the PG Group and the broader Redacted ecosystem.
NFT holders receive various ecosystem benefits, most notably future airdrops of the native $RDAC token—which functions as the core utility and transactional asset of the Redacted platform.
Jirasan is part of a wider ecosystem aiming to build long-term web3 infrastructure and products.
Source: JirasanWhat was the controversy about?
The controversy stemmed from growing dissatisfaction within the community over delays, unclear communications, and what some perceived as mismanagement and “slow-rugging.”
According to Shan, the team had only six full-time staff and relied heavily on short-term contractors, whilst simultaneously attempting to incubate and manage over 14 different products. This approach, the founder admitted, was “overly ambitious” and led to inefficiencies and underperformance across several fronts.
The founder also addressed rumours that the team had been dumping tokens or acting in bad faith. He denied these claims and stressed that the only funds used for $RDAC buybacks came from external revenue and not from the project treasury. He added that last week alone, 0.5% of the $RDAC supply had been bought and burned using these earnings.
Source: JirasanWhat’s next for the project?
Founder and CEO Shan had announced several changes to restore confidence and improve execution, and a major overhaul is now underway.
- A restructuring of management, development, and marketing teams
- The establishment of dedicated web2 and web3 marketing divisions
- A renewed, focused roadmap with the goal of reaching a $100M market cap by 2026
- Reassessment of leadership roles
“We’ve stopped trying to do everything at once and are back to being sharp and intentional,” he wrote, adding that only high-accountability team members would remain moving forward.
Credit: Source link