Investor Funds In Goobers NFT Gone

GM. Things just got spicy for 2023. Just when we thought we've turned a corner from 2022, its gremlins have come back to hunt us.

• We didn't make it a week 2023 and Goobers NFT investors funds are gone

• Did traditional gamers kill NFTs? They sure think so

• The Sneakies

• "I'm sorry" memes

Goobers NFT Investor Funds Go Poof

Imagine waking up to news that the funds you invested into a project is gone.

Not too hard to imagine anymore with the SBF saga.

That's what Goobers NFT and Gridcraft Network investors found out when Founder, DNP3, publicly admitted to gambling away investor funds with a simple "I'm sorry".

How did people react?

There was some support for DNP3 and his addiction but others held no punches back. We'll get to the memes that were made at the end of this email.

It didn't stop there, as some called for reporting the act to authorities.

Our take

Sad to see a person go down with addiction. Gambling away investor funds, on the other hand, is tough to swallow. This is a similar reality to what happened with FTX, a single point of failure. We as an industry need to be more diligent with corporate/DAO controls to prevent this kind of behaviour from affecting customer or investor funds.

Did Traditional Gamers Kill NFTs?

For those who have been in the space for more than a few months, it is no news that traditional gamers have not warmed up to NFTs. The level of public discontent for any web2 gaming studio involved in any form of NFT technology is so high, you would think asset ownership was a war crime. Yet could this anti-NFT narrative be hurting the entire industry's growth?

Look at this recent thread from @papapishu, a writer for the popular tech publication, The Verge.

This thread had over 170 replies at the time of writing, and after nearly an hour of scrolling, here's what we learned

• 99% of the comments were not pro NFT.

• Artists are fast becoming anti-NFT due to the massive amounts of stolen artwork being sold on-chain without permission. Take @MaggzRoseStudio, whose work on the Deviant Art platform was stolen and used to sell NFTS in early April last year.

Even social media giant, Twitter, faced backlash when it implemented NFTs as hexagonal profile pics earlier last March.

Are gaming NFTs hated, or is this a vocal minority of skeptics?

If the survey conducted by CodaLabs is to be believed, it really is a vocal minority of skeptics. According to the survey, gamers' perception of gaming NFTs is positive for both crypto gamers and non-crypto gamers.

Should we be worried?

Definitely! Web3 gaming is not yet big enough to withstand damaging rhetoric.

The perception of NFTs could be better outside the crypto community, with some seeing it as a scam or cash grab. Also, the constant news of bad actors and exploits doesn't help.

With skeptics controlling the narrative now, there is a danger of animosity towards NFTs and associated technology growing.

What to do?

• Build more interesting gaming IPs and engaging content.

• Clean up the space of bad actors and better relationships with gamers and artists.

• Tell and promote the stories of the beautiful ways gamers interact with our IP and the technology beyond the financial gain.

• Build tools that prevent listing NFTs created from stolen art or at least flagging them.

Looking to the future

The community-focused approach of web3 is likely the solution to the gamer and developer divide by aligning their incentives to keep the network growing.

The Sneakies

• Crypto will remain an integral part of the economy according to the World Economic Forum.

• Logan Paul under fire for controversy with CryptoZoo.

I'm Sorry Memes

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