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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

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    Ethereum Price Signaled “Sell” And Remains At Risk of More Losses

    Ethereum Price at Clear Risk of Further Losses After Multiple Rejections

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

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    Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920

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Discord cancels Ethereum-based NFT integration plans amid community backlash

2021-11-12
in Ethereum
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Discord cancels Ethereum-based NFT integration plans amid community backlash
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Plans for an Ethereum-based NFT integration had been dropped by the favored social community platform, Discord. This adopted after it acquired extreme backlash from its neighborhood over the identical. Actually, many even threatened to cancel their Nitro subscriptions.

Earlier this week, Discord’s founder and CEO, Jason Citron had tweeted a screenshot of the app’s consumer setting web page. An ETH brand could possibly be noticed there, with an choice to attach digital wallets resembling MetaMask and Pockets Join. Additional, Citron had accompanied the ambiguous screenshot with textual content saying “most likely nothing.”

Very quickly, the tweet was bombarded with 1000’s of replies criticizing the transfer. Additional, requesting Citron to desert the concept resulting from most of the damaging conceptions that encompass the cryptocurrency neighborhood.

Hey, I cancelled my nitro and judging by all the opposite replies and the a whole lot of downvotes on this function in your suggestions discussion board, a number of others are too. Discord wants to remain the heck away from any of the crypto bs.

— Lily! (@LilypadNebula) November 9, 2021

Many others had been additionally skeptical concerning the trustability of the trade. Since hacks and scams associated to cryptocurrency are an everyday prevalence. Including to that, many customers additionally complained concerning the environmental considerations surrounding the excessive power utilization of cryptocurrency mining.

Implementing NFTs in discord would lead to dangerous PR, and a drop in Nitro subscriptions as a considerable amount of individuals cancel. NFTs trigger environmental harm, and are primarily used for tax evasion&cash laundering. The whole factor is a ponzi scheme. Don’t join discord to this.

— Olivia Wertheimer (Open to alternatives!) (@kingdomfantasy6) November 8, 2021

The criticism was equally seen on Reddit. A thread labeled, “Discord builders: Please don’t assist NFTs” on Discord’s subreddit had over seven thousand upvotes and 1000’s of feedback. Surprisingly, the same state of affairs was seen taking part in out when the transfer was proposed on Discord’s problem tracker.

Whereas attempting to elucidate the NFT ecosystem, one consumer on Reddit commented,

“In brief; You pay a shit ton of cash for ugly artwork whereas releasing as a lot co2 and power as a whole us family makes use of in a day to per week. For the ugliest items of artwork.”

This was adopted by a reply that learn,

“You don’t even get the artwork, strictly talking. You get a url pointing to the place that file is hosted and a non-commercial license to make use of the artwork.”

It comes as no shock then that simply two after his preliminary tweet, Citron introduced the cancellation of plans for NFT integration. He mentioned,

“Thanks for all of the views everybody. We now have no present plans to ship this inner idea. For now we’re targeted on defending customers from spam, scams and fraud. Web3 has a number of good but additionally a number of issues we have to work via at our scale. Extra quickly.”

It must be famous that Discord has lengthy been utilized by cryptocurrency lovers as a platform to forge sturdy communities round varied tasks. Together with many NFT tasks. Nonetheless, it has additionally been used by cybercriminals as a solution to ship malware hyperlinks to unsuspecting victims which might be both linked to cryptocurrency mining applications or steal their personal keys.



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