Today news
About the same in other media
10.12 - 20:23
Edward Snowden says gamers could be vulnerable to exploitation using NFTs
Reading now: 700
cointelegraph.comNational Security Agency whistleblower Edward Snowden said he was concerned with how some privileged individuals or firms in the digital space might be able to use nonfungible tokens, or NFTs, in the gaming industry.
Speaking with Ethereum co-founder Gavin Wood at the BlockDown DeData online conference on Friday, Snowden said though he had seen some use cases for nonfungible tokens to raise funds for causes, he expressed concern with the technology “creeping into gaming.” The whistleblower described certain aspects of the metaverse as “horrible, and heinous, and tragic” for aiming at capitalizing on users’ virtual escapes.
“We have people that are trying to [inject] an artificial sense of scarcity into a post-scarcity domain,” said Snowden.
Read more on cointelegraph.comAbout this in other media
Crypto-regulations and the question of another ‘Snowden’ showdown in the making ambcrypto.com /2 years ago
Survey says crypto popular holiday gift for Americans — NFTs not so much cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
