NFTs Are ‘A Financial Scam’, Says Indie Marketplace Itch.io

Whereas some publishers like Ubisoft push proper forward with NFTs, no matter how their very own employees really feel about it, and others like EA are ready to half-ass their approach by the fad, one online game market has come out and issued probably the most welcome statements I’m but to see from throughout the business.

Posting over the weekend, itch.io, the worldwide market for indie video games, stated that “A number of have requested about our stance on NFTs”, and elaborated with:

A number of have requested about our stance on NFTs:

NFTs are a rip-off. Should you suppose they’re legitimately helpful for something aside from the exploitation of creators, monetary scams, and the destruction of the planet the we ask that please reevaluate your life selections.

Peace ✌️

Hell yeah. It’s so apparent a factor to say that we shouldn’t have to be drawing consideration to this, as a result of NFTS are a rip-off. That’s not a perception, or a speculation, it’s actually the muse they’re constructed on, and the whole factor is enjoying out precisely like a textbook about scams would say it will.

And but! That is video video games, and we reside within the late-stage decay of capitalism, and so as a result of there’s a fast buck to be made earlier than all of it goes to shit, there are firms—lots of whom preserve a façade of fiscal respectability and who make use of hundreds of individuals worldwide—who don’t care in regards to the obtrusive moral and financial issues clearly on show within the crypto house, and leap in for that fast buck regardless.

You could possibly argue in fact that it’s very straightforward for itch.io to say this, for the reason that website is about publishing small indie video games and would have virtually zero enterprise to lose by taking this stance. I’d then argue that in the event you or your organization care extra about your short-term earnings than the a number of failings of the NFT house, sufficient to prioritise the previous over the latter, then you definately can go fuck your self.