The Ugly Side of NFTs
Your first instinct is to probably assume that this is yet another post about the environmental impact of NFTs. That seems to be one of the big themes these days. If you made that assumption, you would be wrong.
I have already covered the options holders and creators have for environmentally friendly NFTs (WAX and HIVE). This is a entirely different rant on an ugly aspect of NFTs that has come to the forefront of my attention lately.
It appears there are a growing number of people who have zero interest in NFTs or the overall potential they hold. The only thing they care about is what they can flip them for, or if they can stake them in RPlanet to earn Aether to then sell for something else.
I shouldn't be too shocked, I have seen hints of it over the past several months, but the reality of what is going on was really brought to my attention last night during the first launch of an NFT set via a new creation and distribution platform on WAX.
The launch went amazing, probably one of the smoothest I have seen so far on the WAX blockchain. Any issues I am sure will be promptly addressed by the team. It was an amazing day, something to be proud of.
Unfortunately, if you spend any time in Telegram, you might never realize just how awesome it was.
Trust me, I am not saying I am perfect. I have been known to purchase NFT packs solely for the purpose of reselling them at a higher value in the future. I think I have even written posts about it in the past (I'm looking at you Street Fighter).
The difference is, I would never go into a Telegram channel and bash on the entire project simply because I had an error in judgement or I took a gamble and lost. That is exactly what people were doing though. Attacking the art, the project, the company, simply because they (the purchaser) made an error in judgement.
Let me be clear, the art was impeccable. I hope those behind the scenes have much thicker skin that me, because my blood was literally boiling last night. The admins and team in Telegram were handling it with a grace beyond measure. Kudos to them.
I just think it is sad that people feel it is okay to use the veil of virtual anonymity to say things that should really just be kept to yourself. The fact that people are so brazen and bold with their vile, baneful thoughts makes me a bit sad.
This whole ordeal is certainly going to make me think twice about exactly why I am purchasing an NFT in the future. Does it have utility? If yes then that is one thing. Is it solely art and do I appreciate that art? Am I buying this because I want to quickly flip it or do I really appreciate it?
Don't get me wrong, I totally understand that flipping and the whole secondary market is part of the game. I am not suggesting that should go away. What I am suggesting is that if you are spending money you need for your livelihood on an NFT that may have no utility and you get burned, that is on you.
It has zero to do with the quality, integrity, or validity of the project that you invested in. Leave your personal failures out of Telegram and place the blame where it squarely belongs. Likewise, it is insanely tacky to hop into the Telegram for a new NFT project and immediately ask if they will be stake-able in RPlanet. What better way to tell the team that you have absolutely zero interest in their project.
Please, if you are or were one of those people, try to exhibit a bit more tact, grace, and humility in your future Telegram interactions.
People put a lot of blood, sweat, and tears into some of these projects. I am not saying they are all beyond reproach (some are just money grabs), but the legitimate ones deserve a little more respect.
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@eos.detroit Staff Writer/BOID Team Leader
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