
NFTs are a controversial subject but that isnât stopping a number of esports teams from trying to cash in on them.
Various esports organizations including Dota 2âs OG and Alliance have attempted to get fans to buy into the company through NFTs. That isnât sitting well with Team Secret, which threw a few barbs at their rivals about it on social media.
In today’s hot takes… Word from our CEO ???? pic.twitter.com/0GniF398IZ
â Team Secret (@teamsecret) July 23, 2021
An NFT, short for non-fungible token, is effectively a one-of-a-kind digital trading card that exists in a blockchain in the same way that cryptocurrency does. They can be traded and purchased in a number of different ways and have exploded in popularity in 2021. A long list of artists, media companies, and content creators have mobilized looking to capitalize on this newfound popularity.
NFTs have still drawn a great deal of criticism. As with cryptocurrency as a whole, the lack of governmental oversight and regulation has made NFTs a hotbed for ethically questionable activity. NFTs and cryptocurrency also have an enormous environmental footprint and the popularity of NFTs could evaporate in an instant, leaving people with nothing to show for the money theyâve spent.
Team Secret’s journey to the Moon ????
We are pleased to welcome our new partner @Uniswap to the Secret Fam! ????
Uniswap’s decentralized tech paves the way for a brighter future in crypto. For the HODLers and those who paperhand a 2-0 Finals lead????
???? https://t.co/HF1vCHAbii pic.twitter.com/6nNZvGeP31
â Team Secret (@teamsecret) June 1, 2021
Team Secretâs diss still left a sour taste in the mouths of some fans, however. Many labeled the move as hypocritical since Secret signed a large partnership with cryptocurrency exchange Uniswap. Though NFTs and crypto exchanges are very different entities, the overlap between the two industries is sizable.
Team Secret wasnât alone in this criticism. Dota 2 streamer and Team Bald player Janne “Gorgc” Stefanovski delivered a rambling argument against NFTs in the Dota 2 esports scene.
âAll these people that said âI care about the tournament organizers,’ where the fuck are they? They donât give a fuck about this game, they donât give a fuck if people are scammed,â Gorgc said.
Gorgc then spiraled this into a criticism of Kyle âKyleâ Freedman, who previously criticized him and other streamers for their detrimental impact on Dota 2 tournament organizers. Gorgc also then went on to bash Alliance while making no mention of former sponsor OG, who was one of esportsâ earliest adopters of NFTs.
Though Gorgcâs attempt to connect Kyleâs lack of discussion regarding NFTs with his advocacy for tournament organizers when it comes to broadcasting rights is perplexing, thereâs definitely a lot of possible speed bumps ahead in esports when it comes to NFTs.
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