Replace (05/19/2023 14:25 UTC): This text has been corrected to point that Thomas Schmidt and Jay Yao are (or have been) ParaSpace NFT consultants. A earlier publication of this text incorrectly named the 2 individuals as co-founders. Cointelegraph regrets this error.

The ParaSpace non-fungible token (NFT) protocol saga over the whereabouts of protocol funds took one other twist on Could 19 when undertaking guide Jay Yao resigned from his place on the firm. Final week, the NFT protocol made headlines about lacking funds and a barrage of accusations from executives and the CEO towards one another. In a press release to Cointelegraph, a ParaSpace spokesperson wrote:

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