's stance on NFTs: 'They are a scam'



In case you were wondering‘s stance on NFTs, they’ve made things very clear in a tweet this weekend! Here’s the quick takeaway:

“NFTs are a scam. If you think they are legitimately useful for anything other than the exploitation of creators, financial scams, and the destruction of the planet the we ask that please reevaluate your life choices.”

The tweet also went on, clarifying that it doesn’t believe that NFTs actually benefit the creators, stating:

“Also f̸̗̎ú̴̩c̷̖͌ḳ̵̀ any company that says they support creators and also endorses NFTs in any way. They only care about their own profit and the opportunity for wealth above anyone else. Especially given the now easily available discourse concerning the problems of NFTs.”

Again, this is coming to us in an era where nearly every company has been pressed, or forced to reveal their stance on NFTs. Companies are playing roulette with fans and investors, hoping to appease both with either shamelessly going all-in but angling it as “benefiting fans,” going wholly against NFTs, or providing a “wait and see” commentary. Some of them even went gung-ho and then called it off, which is probably the worst of both worlds for just about everyone.

Whatever stance they take, it generally has a ripple effect throughout the industry in some form. Much like the practice in general, it’s the wild west. A lot of these companies lack media training, and the mouthpieces that announce pro-NFT plans are often clueless, and have no plan of attack for any sort of bad press or reaction. Even folks who do have media training are struggling!

In any case,’s stance on NFTs won’t be the last word on this pretty insane landscape we’re dealing with right now.