The story refers to ongoing community governance and participation events coordinated by Leviathan News via its Snapshot space, including a monthly vote and a weekly Squid Pass auction that will both conclude live during an upcoming “Llama Party” community event. Leviathan News uses Snapshot, a gasless, off‑chain voting platform widely adopted by DAOs, DeFi protocols, and NFT communities, to run its governance and signaling votes. Snapshot allows token‑ or NFT‑based voting power to be tallied transparently while giving each project control over strategies (how voting power is calculated) and voting systems (single choice, weighted, etc.). In this case, the monthly Snapshot vote likely concerns routine community or content decisions for the Leviathan News ecosystem, with holders or pass owners able to participate by connecting a Web3 wallet and casting votes before the defined end time. The reference to the “weekly Squid Pass auction” indicates a recurring auction mechanism for Squid Passes—access or membership NFTs—timed so that bidding closes live during a social/community gathering branded as the Llama Party. Coordinating the closure of both the governance vote and the NFT auction during a live event is a common Web3 pattern to increase engagement, transparency, and a sense of shared participation, while leveraging Snapshot’s off‑chain voting for governance and on‑chain auctions for asset distribution. This matters because it illustrates how media/coverage projects like Leviathan News are evolving into community‑governed entities that blend content, governance, and NFT‑based access into a single participatory model.

AI-generated background, compiled from web sources — not editorial content.

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