Elon Musk tried to record and synthesize a song he roughly sang on Twitter and sell it in the form of an auction by turning it into an NFT, but canceled the auction due to concerns over controversy (about 1.1 billion won) as the auction overheated and began to form a much higher-than-expected price
There are also concerns that if Play to Earn games using NFT are successful, the domestic game industry will become a gambling place. In response, Kim Kyu-chul, chairman of the Game Commission, said, "It is legally impossible to play NFT games." Article
Paintings based on Halcas were sold as NFTs overseas. The seller attempted to sell the work using Halcas as an NFT for 1 Ethereum.
On January 24, 2022, an example of a netizen suffering from xx photo DM turning the photos into NFTs and "selling them directly (demanding financial compensation)" to the haters made headlines on Reddit. It is said to be faster and more effective than civil litigation.
On March 24, 2022, U.S. federal prosecutors indicted two people for the first time on charges of NFT lugpool and expect this phenomenon to increase in the future.
Social
The reputation of the technology itself is falling into abyss due to cases in which accounts on social media are hacked into NFT promotional accounts, the confusion of low-quality NFTs, complaints from investors and producers, and controversy over blockchain technology and cryptocurrency itself. There are also criticisms that the high value of some NFTs is also a price intentionally inflated by the maker of NFTs.
In fact, the perception of NFTs on foreign sites such as Reddit and YouTube is very bad. In the end, most of them perceive that environmental pollution is a fraud that sells tags according to pollution, and there are concerns that the sale of paid items in games will become more polarized if they are strongly opposed to the operation of games that use them commercially.
Marvel Comics' original author Stan Lee's Twitter account became controversial after his death as it was used to promote NFTs. # Marvel fans' reactions are naturally cold. They are posting various criticisms in response to tweets, saying, "Are you using the deceased's account to promote the painting?" and eventually, NFT's public perception worsened.
Twitter added the ability to create a hexagonal border if you set the NFT as a profile picture, but public opinion is not good because of the negative perception of the NFT above and any NFTs can be applied.
A short video was released on Twitter in a tweet by Twitter developer Mada Aflak that said she would create a system that would attach authentication marks if she applied her own NFT image as a profile picture. And it became the scene of being cursed at
There is an incident in which controversy erupted and eventually was canceled regarding NFT, which was conducted under the concept of cyber goods of Korean Twitch streamers. TWITCH STREAMER-ALTI NFT PROJECT CONTROLLING DOCUMENTS TO REFER TO IT
In June 2023, DC Inside added a post NFT publishing feature, and the response is significantly cold. Minor galleries are unable to delete buntangles issued with NFTs, and real-name disclosure is possible when purchasing NFTs.
Game
In November 2021, intense backlash and a procession of Nitro service subscriptions followed shortly after Discord announced plans to link Ethereum addresses and support NFTs, which eventually led to the cancellation of the plan.
Ubisoft announced an NFT-linked accessory item that can be obtained from Ghost Recon Breakpoint, but YouTube videos were directly hit and eventually turned private. In the end, it showed extremely low sales of 15 buyers and $400 in total income over the two weeks, proving itself to be a complete failure to introduce NFTs. As of April 13, 22, the post-support ended, and about the post-support for items sold as NFTs, he was criticized for leaving only a message asking him to expect another NFT.
Selling Poppy Playtime's story bait as an NFT, got cursed and withdrew.
Valve said it will not allow games that have introduced NFTs to enter Steam. On the contrary, Epic Games said it welcomes the entry of games that have introduced NFTs into its stores.
In response, Gabe Newell held an additional interview explaining why NFTs were prevented from entering Steam. In summary, it can be regarded as "user dislike, instability of major monetary instruments, and the possibility of criminal abuse." And the reason why Bitcoin was allowed to be used for Steam payment for a while and then stopped again was also published two days later, and 50% of Bitcoin used in Steam was for fraud.
There was an incident in which NFTs that borrowed elements of Epic Games' Fortnite without permission were sold.# Tim Sweeney, CEO of Epic Games, called it a scam and warned the NFT developer directly that the legal team was moving.
Phil Spencer, head of XBOX, expressed concern about NFTs.#
The official Twitter account of indie game platform itch.io has stated that NFTs are fraudulent acts that exploit creators and cause environmental destruction.
Shroud, a famous FPS game streamer and YouTuber, pointed out how game development studios now apply NFTs to games.
Mojang said he was negative about incorporating Minecraft's elements into NFT and blockchain technologies and that he would also revise the EULA.#
Pet simulator X, one of Roblox's popular games, was selling Hughes Pegasus as an NFT.(Stop selling at this time)
Art
On February 8, 2022, numerous composers were seen in anger, referring to the unauthorized theft of their music as NFTs on the platform Hitpiece, which suddenly appeared. NFT's copyright theft is serious. Another unauthorized theft platform STREAMER also appeared, and SBM&E, which manages Dolcas' pepper tuna, was also damaged, and the company hosting the platform was asked to drop the site directly for DMCA violations, and STREAMER was closed. Reference
Unlike Korea, which has recently been known for hacking SNS accounts to promote NFTs, there are many people who show negative reactions overseas, unlike in Korea, where insincere or unpleasant paintings such as Pog Punks, Bored Ape Yacht Club, and Lazy Lion are mass-produced and sold at high prices. There are also many memes mocking why people buy paintings that can be made for free with PickCrew at reckless prices that can be easily taken away with right-click. In addition, ignorant NFT owners are being laughed at for their very nervous response to right-click storage.
An animated sitcom using an NFT character called Red Ape Family has been released using the character of the Bored Ape Yacht Club. People who own NFTs like it, but most people are skeptical about it. In particular, since there is a negative image of these mass-produced NFTs, the biggest reason for the rejection due to the characterization of NFTs. In addition, low-quality paintings, voice acting, and unlikely plots are also major criticisms. It is fortunate that this only stops at people's perception, but the behavior of the production crew is also not good, such as playing a joke.
In the end, they became a representative element of NFT, and as soon as the apes came out, there was a meme that said, "NFT is out!"#
It also came out in Doom 2 mode. The content is to capture the Bored Ape NFT with a camera.
It has been controversial since HYBE in November 2021 hinted at a plan to digitize photo cards that were included in the album using NFTs. Many people see the photo card as an intention to make it like a game item to deny a good culture that has the purpose of friendship, such as exchange, sharing, and exhibition, and to make it a device that takes money out of fans. Some say that they are trying to increase the value of cards like cryptocurrency by restricting future purchases, that is, they see artists as just a means of making money.
