Discord Scraps Ethereum NFT Plans Following Backlash
Discord’s CEO Jason Citron has said that the app has “no current plans” to integrate Ethereum.
This week, Citron suggested that Discord may support the smart contract blockchain, prompting a backlash from many users.
Many Discord users have continued to air their concerns following Citron’s latest update.
Share this article
Discord is pausing its crypto plans after heavy resistance from users.
Discord U-Turns on Ethereum Plans
Discord founder and CEO Jason Citron has suggested that the platform will pause its plans to integrate Ethereum wallets. In a Thursday tweet, Citron wrote:
“Thanks for all the perspectives everyone. We have no current plans to ship this internal concept. For now we’re focused on protecting users from spam, scams and fraud. Web3 has lots of good but also lots of problems we need to work through at our scale. More soon.”
The post followed a Tuesday tweet in which Citron suggested that the messaging app may be integrating Ethereum, potentially paving the way for users to exchange NFTs and ERC-20 tokens in the Discord app. Citron teased a screenshot that appeared to show an interface allowing users to connect to Ethereum via the Web3 wallets MetaMask and Wallet Connect.
The suggestion followed similar updates from social platforms like Twitter, Facebook, and Reddit. Twitter and Facebook have both signaled their interest in supporting NFTs this year, while Reddit launched community points tokens on Ethereum.
While the crypto community applauded Citron’s implication of the shift to adopt Ethereum, many Discord users opposed the move.
Disgruntled users posted a variety of complaints in response to the update, claiming that integrating Ethereum could increase fraud incidents on Discord. They also pointed to the alleged environmental impact of minting NFTs on Ethereum. “Even if we put the environemental impact aside, this whole thing is a big nonsensical scam and money laundering scheme,” a Twitter user going by the name FranckyFox2468 wrote.
A thread on the official Discord subreddit titled “Discord developers: Please do not support NFTs” also received hundreds of replies, many of them sharing complaints about NFTs.
Following Citron’s latest update that Discord would be putting its crypto plans on hold, many users responded with further grievances. On the Discord support page, multiple users posted messages indicating that they would cancel their Discord Nitro subscriptions due to the app’s apparent interest in NFTs. Meanwhile, Citron’s tweet received hundreds of replies slamming his indication that his refusal to rule out a move to support NFTs in the future. “This is a fancy way of saying “We’re waiting until the heat dies down.”” wrote Dani Sylvini. “I say, keep the heat on. If anyone dropped Nitro over this, keep it withheld. If you don’t have Nitro yet but object to this, hold off.”
Among the respondents was Uniswap founder Hayden Adams, who wrote that some of the replies were “pretty surreal,” but that he thought “misunderstanding and fear” surrounding NFTs will endure despite Ethereum’s upcoming Proof-of-Stake and Layer 2 updates.
Some of the replies to this are pretty surreal, and a good reminder of how early in web3 we are
PoS + L2s will fully address environmental concerns over the next year imo, but the misunderstanding and fear will be around much longer https://t.co/ookaLiZdSe pic.twitter.com/tPgyJvOnVN
— hayden.eth 🦄 (@haydenzadams) November 11, 2021
Discord is the most widely used social network for gamers, with a monthly active user base of around 150 million. If it follows other social media networks, NFTs and in-game items could potentially be a large growth catalyst for the company. However, based on the latest developments, it’s clear that many users are strongly opposed to the technology.
Disclosure: At the time of writing, the author of this feature owned ETH and several other cryptocurrencies.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Discord May Integrate Ethereum But Users Aren’t Happy
Founder and CEO Jason Citron teased plans for Discord implementing Ethereum and NFTs on Twitter yesterday. The move, however, was met with backlash from a significant portion of the community,…
A Guide to Yield Farming, Staking, and Liquidity Mining
Yield farming is arguably the most popular way to earn a return on crypto assets. Essentially, you can earn passive income by depositing crypto into a liquidity pool. You can think of these liquidity…
Reddit Seeking Backend Engineer for NFT Platform
Reddit, one of the largest content aggregators and social media services, may soon be launching a platform for users to buy and sell non-fungible tokens (NFTs). The company is hiring…
Twitter Creates Crypto Team to Integrate Web3 DApps
Twitter is assembling a crypto team to explore Web3 applications, according to statements made by an individual within that team. Web3 Is the Next Step of Twitter’s Crypto Efforts Jack…