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Edward Snowden Criticized NFTs Role In Gaming Industry And Called Certain Aspects of Metaverse “Horrible, And Tragic”

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Former NSA and US CIA officer Edward Snowden expressed concern while speaking with Ethereum co-founder Gavin Wood at the BlockDown DeData online conference (Video Below) about how developers or firms might misuse non-fungible tokens (NFTs) in the gaming industry.



He also called certain aspects of the metaverse “horrible, disgusting and tragic” because of the desire to capitalize on users’ escape from reality.

“We have people that are trying to [inject] an artificial sense of scarcity into a post-scarcity domain, I think the community should very much be trying to bend the arc of development away from injecting artificial, unnecessary scarcity entirely for the benefit of some investor class.”

Ethereum co-founder and Polkadot founder Gavin Wood disagreed with Snowden:

“I don’t have any issue with game developers restricting access to their product in the same way that they already have for decades before, I see NFTs as a more agile way of restricting access to their product.”

Snowden previously sold his first non-fungible token for 2,224 ETH. The digital artwork, called Stay Free, featured Snowden’s Platon portrait comprised of the court documents of the ruling in 2013 the violated the law when he exposed the NSA’s mass surveillance efforts.

At the end of November, Collins, a British dictionary, recognized the NFT abbreviation as the word of 2021.

 

Read More On Edward Snowden:

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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