Arcade City AMA Raises Questions, Red Flags
The Ethereum community has voiced its concerns about the legitimacy and functionality of ride sharing app Arcade City in an AMA with its founder, Christopher David. The AMA follows a medium post from one of his previous associates accusing David of being a fraudster that has since been taken down, and the AMA seems to be doing little to address concerns surrounding the fraud accusations, and raises more questions as to the future and legitimacy of Arcade City. Arcade City CEO Fails to Address Community Backlash. The Medium post, an archived version of which can be found here, details....
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When a ballot proposal that would have replaced the city ordinance failed, Uber and Lyft left Austin, TX as promised. Since May 9, there have been no ride-sharing services available in this city of almost a million people. So it’s no surprise that tech-savvy Austinites, like this episodes special guest, Christopher David, who have taken matters into their own hands without the concern about red tape or corporate bullshit. Arcade City is a rideshare startup designed to be integrated into the Ethereum blockchain Now, we keep it 100 here at The Bitcoin Podcast and I won't pretend their isn't....
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Police in the city of Austin, Texas came to the offices of ridesharing company Arcade City in search of its CEO, Christopher David. A video has surfaced of 10 law enforcement agents, four transportation authorities and six police officers, entering the co-working space that is home to Arcade City’s Austin headquarters. They sought to serve a $500 citation for operating a ridesharing company without completing the requisite paperwork. David, who was out of the country overseeing the development of the Arcade City app, “Not sure why six police officers are needed to serve a $500 citation. Or....
The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio from a lender with over $10 billion. Arcade Raises $15 Million in Series A Co-Led by Pantera Capital, Castle Island Ventures, Franklin Templeton Blockchain Fund The defi marketplace Arcade has raised $15 million in capital during a Series A financing round, according to the company. The investment....
Arcade City’s leadership has rebranded into a separate entity, something its founder is not happy with. In an effort to bypass a controversial past, Arcade City, the Ethereum-based ride sharing project that generated great buzz in the Blockchain world before hitting delays late last year, has split. The council and several key community members have rebranded and formed a new entity named Swarm City, which will have the use of the funds raised in the ARC token sale. However, Christopher David, Arcade City’s founder and sole owner of Arcade City, Inc., is not happy with the rebranding and....