2021 was a great year for majority of the market, most of the cryptocurrencies pumped alot. Some even did 100x and still pumping to this day. There were some disappointing coins as well which had many expectations but failed. Then there were some coins/tokens which literally didn't pump on it's own but got dragged upward…
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OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token economics. […]
The famed auction house claims it will be the first to accept crypto for a real-time auction of physical art — but other auction houses are not far behind.
The digital metaverse band KINGSHIP will include four cartoon members from the Bored Ape Yacht Club NFT collection, and share the same manager as Snoop Dogg.
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I have a dream. The dream is this. I want crypto to level up. I want to get past the hype and bullshit. I want the entire crypto ecosystem, to be the driving force in future finance across the globe. I also want the Banks to be left out in the cold. I don't ever…
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Hello. I have a wallet with 80,000 dollars of tokens locked in it. A sweeper script takes every coin you send that can be used on a network not just Ethereum but MATIC bitcoin smart chain and BNB. It’s a multicoin trust wallet. Is there a possibility if I put a sweeper script will it…
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While Jason Citron said the NFT feature was in “pre-release” mode, he has now changed his tune after being bombarded with thousands of comments calling on him to drop the plans.
At least Discord knows where it’s standing now. And, with this story, we know how early into the cryptocurrency game we all are. And how misunderstood all of this is by the general public. Discord’s founder and CEO Jason Citron hinted at possible integration with the Ethereum ecosystem, with NFTs, and with the incoming Web3. And all hell broke loose. Related Reading | Top Stars Line Up To Support Environmentally Friendly NFT Platform OneOf Discord fanatics spammed Citron’s replies and canceled their subscriptions to their Nitro premium service. Discord’s own employees took to social media to express their discomfort. Video game culture influencers rallied the masses and gathered hundreds of Likes and Retweets. What were their reasons? Environmental concerns. And that they consider NFTs a scam, that’s also ruining video games somehow. Sight… Let’s unpack all of this. How Did Discord Unveil Their Web3 Plans? Content creator Packy McCormick wrote an incredibly long article about Discord’s history and how it could evolve. Of course, the plan ended with cryptocurrencies, NFTs, their own multichain wallet, and an ill-advised new token. How could it not? It’s obvious that should be the direction that a successful but not entirely profitable company like Discord should go, right? The article concluded: “We strongly believe that the company should follow its users’ pull into web3. The company’s biggest successes to date came when it decided to build the communications infrastructure for gamers; now, it has the opportunity to build a more complete set of tools for this game that we’re all playing all across the internet.” Apparently, McCormick overestimated the crypto movement. Not everybody is playing the game. In fact, some people hate it with a passion. Discord’s Jason Citron replied with an image that showed some kind of integration between the service, Metamask, and WalletConnect. It also featured the Ethereum logo. The popular meme phrase “probably nothing” completed the tweet. probably nothing pic.twitter.com/p4P6MoNGgd — Jason Citron (@jasoncitron) November 8, 2021 The tweet received hundreds of replies. Most of them bashing their plans, denouncing NFTs, and citing environmental concerns. Which is really funny, if you think about it. Discord’s logo is a videogame controller, and that community was their original audience. And playing video games uses orders of magnitude more electricity than all of the blockchains combined. BTC price chart on Bitbay | Source: BTC/USD on TradingView.com Are Discord And Web3 A Match Or Not? They seem to be. If you read the article that started it all, it’s hard to argue with its logic. McCormick said: “The last of these gestures at Discord’s grip on web3. It has undoubtedly become the coordination platform of choice for all manner of projects including NFTs, DAOs, crypto investing groups, and crypto startups. It’s genuinely startling how quickly this has become a norm in the sector.” A huge number of DAOs and NFT projects run their communities on Discord. This seemed like a foolproof bet. Techcrunch even took it a step further: “With MetaMask support, Discord could become a place where people display their NFTs in galleries linked to user profiles or choose “verified” avatar images, with ownership backed up through the blockchain.” So probably nothing = actually nothing pic.twitter.com/IlzIFSWnnL — cobie (@CryptoCobain) November 11, 2021 This is something Twitter Crypto seems to be working on without complaints. How could this have gone so wrong? What makes the Discord community different? McCormick asked: “What would it look like if Bored Ape holders could buy and sell within the same channels they host conversations? What if members of the Bankless DAO could buy new tokens in-line with a discussion about them?” We’ll probably never know. Related Reading | Christie’s Will Auction Original Art From Gary Vee‘s Veefriends NFT Collection The Aftermath People are severely uninformed about cryptocurrencies. Those articles about the environmental risks that blockchains supposedly pose really did a number on them. However, there’s something else going on here. Casting a wide net, the Discord community seems to be technologically driven and one that appreciates art. They should be on the side of NFTs, but they are wildly against the movement. Almost manically. This is the reaction of a 3D artist that works for Discord: I hope leaders can humbly listen the chorus of vehement moral disgust this teaser has already invited. this sincerely does not have to happen. https://t.co/JZZBI2npVs — Kevin Tang (@Yolo_Tengo) November 9, 2021 And this is another Discord employee, who also retweeted these two terrible-terrible takes on the event: kinda cringe ngl https://t.co/hceLj105UN — Kaara ➡️ Forge Ahead (@kaara_raven) November 8, 2021 Where is that rage coming from? Is this just about the environment? Because they work in a tech company, and technology uses dirty electricity. Is this just about scams and money laundering? Because the art world, in general, is built upon scams and money laundering. No, there’s something else here. The crypto world arises a rage in them that shouldn’t be ignored. Check the replies under Citron’s tweets and you’ll see. Just remember how many furries use your platform, and how much money furries have,and how they almost universally hate NFTs and crypto. I would genuinely be surprised if you could show me 5 furries without discord accounts. You do have competition in the market. — Logan Mish 🗝️ (@Mishaniz) November 11, 2021 Speaking about Discord’s CEO, he backpedaled his company’s whole Web3 plan with a PR friendly: “Thanks for all the perspectives everyone. We have no current plans to ship this internal concept. For now we’re focused on protecting users from spam, scams and fraud. Web3 has lots of good but also lots of problems we need to work through at our scale.” And to drive the point home, they told Techcrunch that the screenshot came from a hackathon: “We’re always exploring and hacking away at things we think will improve Discord for all the communities we serve.” Yeah, sure Discord. We believe you. Featured Image: Discord’s Ethereum plans from this tweet | Charts by TradingView
This will be one of the hottest takes you'll read all year. And before spilling the tea, I'd like to proffer the following disclaimer: I'm a DeFi power user and longtime holder of ETH. I still hold it and believe it outpaces Bitcoin until spring of 2022, around the time sharding is expected of the…
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