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Twitter is a free space to vent frustrations, and this week the folks on Crypto Twitter had plenty of frustrations to air. Hereâs our review of the rants on CT that blew up this week.Â
Yesterday, online gaming store Steam launched new rules and guidelines to ban games built with blockchain technology.Â
In a section titled âwhat you shouldnât publish on Steam,â the team included a new rule expressly forbidding âapplications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTsâ.
Steam has banned all games that utilise blockchain tech, NFTs, or cryptocurrencies from the platform:https://t.co/eUl709uWzF pic.twitter.com/Lpp11rdJqJ
â Ryan Brown (away!) (@Toadsanime) October 15, 2021
Crypto developer SpacePirate Games team tweeted its dismay after Steam kicked its hotly anticipated sci-fi shooter, Age of Rust, off the platform following the new rule change. The developer clarified: âWhile I respect their choice, I fundamentally believe that NFTs and blockchain games are the future.â
Community: A few minutes ago, we were notified that @Steam will be kicking *all blockchain games* off the platform, including Age of Rust, because NFTs have value. Behind the scenes, we've had good communication and have been upfront with Steam. #blockchaingames #NFT
1/4 pic.twitter.com/W4pR3Xl63qâ Age of Rust (@SpacePirate_io) October 14, 2021
Sky Mavis, the developer and publisher of Axie Infinityâthe number one NFT game by sales volume according to CryptoSlam!âquickly responded with a tweet saying that its game launcher ârepresents a different pathâa future where gamers have property rights and economic freedom.â Sky Mavis defiantly added: âWe will win. The future of gaming is [at] stake.â
Today, @Steam blocked all games built with Blockchain and NFTs from their store.
Our Mavis Hub represents a different path-- a future where gamers have property rights and economic freedom.
We will win. The future of gaming is stake. pic.twitter.com/oTS863UcFQ
â Sky Mavis (@SkyMavisHQ) October 15, 2021
It was an easy win for Sky Mavis. But earlier that day, the Vietnamese development studio had polarized fans with its latest update to Axie Infinity.
Playable Axie NFTs now reset to level one after changing owners, and lower-level players can no longer raise âSmooth Love Potionâ (SLP) tokens through adventure, arena, or daily questing. SLP tokens are ERC-20 tokens that are earned through playing Axie, and also trade on crypto exchanges.Â
The new rules limit the amount of Axies that gamers can breed in the early game and prevent players from selling high-level characters for more money. Some fans argue that restricting the supply in the early game creates a pay-to-win economy.Â
Axie Infinity Version 1.1.0a Update
â Axie Infinity (@AxieInfinity) October 15, 2021
After the update, the prices of AXS and SLP sank by 7%, but a few fans support Axie Infinity co-founder Jiho Zirlinâs assessment that the update will be âvery healthy long-term for the community and economy.â
Here are my thoughts on the change, posted in Axie Discord. pic.twitter.com/POqeC2AFbH
â The Jiho (@Jihoz_Axie) October 15, 2021
On Thursday night, Coin Metrics co-founder Nic Carter tweeted a screengrab of an Amazon page selling 4-inch cubes of tungsten.Â
just as an FYI pic.twitter.com/EOKnvRWYuk
â nic carter (@nic__carter) October 14, 2021
Carter unwittingly set Crypto Twitter ablaze with memes and witty remarks as many, including Bloomberg host Joe Weisenthal and CoinShares CSO Meltem Demirors, joked about tungsten cubes overshadowing NFTs to become the next hot collectible.Â
I donât get FOMO. Never have really. Not with experiences, events, NFTs; investments etc. Whatever.
But goddamn do I want a tungsten cube on my desk.
â Joe Weisenthal (@TheStalwart) October 14, 2021
It took just short of ten hours for the remaining three tungsten cubes to sell out from supplier Midwest Tungsten Service Store. But if you missed the boat this time, theres already demand for tokenized re-sales.
i have 3 DMs about it so its coming for sure
someone will sell an NFT tungsten cube
â Meltem Demirârs (@Melt_Dem) October 14, 2021
On Wednesday, crypto Twitter lobbed fraud allegations at a new NFT project called MekaVerse. MekaVerse had one of the most successful NFT launches ever, selling more than $60 million worth of tokens in 24 hours alone.Â
Customers who purchased MekaVerse on OpenSea during the minting process on October 7 were expecting one of 8,888 randomly generated profile pictures to come their way during the image reveal several days later.Â
However, some, including Twitter user MOLOTOV, allege that privileged users, like Wyb0âone of the Mekaverse developers from Minded Studio, had access to the metadata. That meant the developers could buy the rarest NFTs for the going price of 7.1 ETH before the revealâthough since then, the floor price of the NFTs has declined to 2.25 ETH.
1/ The @MekaVerse reveal was rigged: yesterday, @_Wyb0 bought Meka #6764 for 6.83ETH. Guess what? pic.twitter.com/PgYPGQkC5X
â MOLOTOV (@0xMOLOTOV) October 13, 2021
Last, Ryan Selkis, the founder of crypto metrics company Messari, poked fun at longtime crypto bear and JP Morgan CEO Jamie Dimon. Dimon told attendees at the annual meeting for the Institute of International Finance this week that he âpersonally think[s] Bitcoin is worthlessâ.Â
Selkis compiled Dimonâs quotes over the years and juxtaposed them with a graph showing Bitcoinâs upward price performance over the same period.Â
Jamie Dimon on BTC:
2014: âterrible store of valueâ
2015: âwill not surviveâ âwill be stoppedâ
2016: "going nowhere"
2017: "a fraud"
2018: "don't really give a shit"
2019: [JPMCoin launch]
2020: ânot my cup of teaâ
2021: âI have no interest in itâ âfoolâs goldâ âworthlessâBTC: pic.twitter.com/ya6ZeDgqrr
â Ryan Selkis (@twobitidiot) October 11, 2021
Fraud allegations, complaints, memes and pilloryingâŠjust another week on Crypto Twitter.
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