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Saturday, December 3, 2022

Discord Pauses NFT Plans After Severe Backlash From Users

Discord has scrapped plans to integrate Ethereum-based wallets for non-fungible tokens (NFT) after a social media reaction from a large number of its users. On November 9, Discord creator and CEO Jason Citron tweeted “likely nothing” alongside an image of the app’s user settings page, which showed the “ETH” symbol and the opportunity to link Ethereum-based digital wallets like MetaMask and Wallet Connect.

Thousands of comments criticized Citron, demanding that Discord drop the scheme. Nitro — a subscription membership that includes worldwide access to personalized emojis from all the servers you’re a part of, Nitro stickers, a custom Discord number tag, animated avatars, server upgrades, and more — has been threatened by some users. Crypto opponents argue that NFT is a ponzi scheme that is harmful to the environment owing to the amount of energy required to mine the money.

“Even if we ignore the environmental harm, this is a gigantic illogical con and money laundering plan,” one Discord member tweeted. Hundreds of responses were also sent to a topic titled “Discord developers: Please do not support NFTs” on the main Discord subreddit, with many of them discussing the fundamental difficulties with NFTs.

Citron was eager to point out that no one should be concerned. He added late Wednesday, “Thanks for all the insights everyone.” “We have no intentions to release this internal concept at this time. For the time being, we’re concentrating on safeguarding users from spam, scams, and fraud. Web3 offers a lot of excellent features, but it also has a lot of issues that we need to address at our size. Soon, there will be more.”

The “more soon” part of Citron’s tweet also received criticism, as some people interpreted it as sweeping the problem under the rug until strong feelings subsided. A quote tweet from Hayden Adams, the creator of the popular decentralised finance (DeFi) technology Uniswap, was among the replies to Citron’s tweet.

Some of Citron’s criticism, according to Adams, was “quite weird” and an indication of how early [Web3] is at the time. He goes on to say that while people’s environmental worries will subside over the next year, the “misunderstanding and anxiety” around NFTs would undoubtedly persist for a longer period of time.

While Discord may be withdrawing for the time being, it won’t be long until the platform’s userbase reverses course as the popularity of NFTs and blockchain games grows. The length of time it will take users to reach that tipping point is uncertain at this time.

Cedric Blackwater
Cedric Blackwater
Cedric is a journalist with over a decade of experience reporting on local US news, and touching on many global topics. He is currently the lead writer for Bulletin News.

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