Technology has modified the Internet into many forms. However, the most novice is the introduction of NFTs and Web3 in the market. NFTs and Web3 revolve around blockchain and the concept of digital currency. The latter helps a few people to become millionaires, but many have suffered from bankruptcy. Recently, NFTs and Web3 have received a lot of backlash from a clad of gamers, coders, and soccer fans who have given single green to the culture clash.
In contrast, sports team owners and analysts show interest in adapting NFTs into soccer. Recently, two big names in the sports industry, Preston Johnson and Eben Smith, announced make a commencement to purchase a soccer club and reform a club based on NFTs. The ultimate vision is to direct the club to English Premium League. Also, the club was renamed “WAGMI United.” Moreover, investors from the business world are also encouraging this move. They have shown interest in being a part of NFTs projects.
Why Soccer Club Owner Refused NFT Contract?
Journalists have also started covering news related to NFTs deals across the sports. Recently, New York Times revealed in a tweet that the soccer club Bradford City is about to adopt NFT. The latter creates havoc across the British. Club fans welcome the new ray of ownership because the club needs cash inflow to run its operation. However, sports analysts criticized the inclusion of NFTs in sports.
To clear the air, the owner of Bradford City, Stefan Rupp, has released a statement that he got an offer from Wagmi Group, which has been rejected. Moreover, the Wagmi group is still pushing soccer clubs to introduce NFTs. Although, soccer teams have directed their case to a lawyer for further legal exploration of the NFT contract before making official remarks.
Why are soccer fans upset by the NFTs?
Soccer is the largest sport globally due to its huge fan following. Although, fans are not supporting the introduction of NFTs into soccer. For instance, the French platform Socios is planning to shift to cryptocurrency. Socio also inaugurated its platform to trade soccer club “tokens” with their blockchain named Chili.
Socios has partnered with top-notch clubs such as FC Barcelona, Arsenal, Aston Villa, and PSG. However, fans are a bit ambiguous about this new development. Some seem satisfied with a crypto experiment, while the majority of fans are concerned about paying more money than rival club supporters to receive tokens. Additionally, Socios supporter groups at Arsenal and Leeds United claim cryptocurrencies as risky investments.
Why do Gamers oppose cryptocurrency?
The soccer club is not only facing rejection due to NFTs, but gamers are also unhappy about the increasing adaption of cryptocurrency into the digital world. However, top game developers have decided to add NFTs into their gameplay. The latter harms the gaming arena as many users have discouraged their moves on social media. It results in the clash of several NFTs initiatives in the gaming industry and causes dissatisfaction among their employers.
Why are Furries against blockchain?
Many subcultures on the Internet have their gaming niche and platforms. However, most subcultures show opposition to the blockchain. For instance, the Neopets community that cares for virtual pets rejects the NFTs game projects. Even Furries, the community interested in animals with human characteristics, also rejected blockchain.
Although, the supporters of NFT believe that it serves potential prospects for everyone who creates communities, brands, or products. Even though, in reality, the misconceptions in blockchain marketing increase the loss of many subcultures.
Why do Celebrities disapprove of Web3?
Things are gone so wrong that celebs are lambasting NFT projects. The actor Keanu Reeves publicly mocks NFTs in an interview. Similarly, musician and producer Brian Eno said he is not an NFT fan despite being a technology charmer.
Like NFTs, the umbrella term “Web3” has also been strictly opposed by the masses. Twitter former founder Jack Dorsey commented that Web3 is nothing but a strategy to make more money from capitalists.
In addition, Elon Musk shows skepticism toward both NFTs and Web3, which display his disregard for this novel business category.
Conclusion
There is immense opposition directed to NFTs and Web3 from software developers. In other words, blockchain marketing is not enough to gain the trust of its users. The security risks involved in the crypto resist worldwide sports clubs from investing in them.
Moreover, those who purchase an NFT don’t own the artwork itself but an invoice that belongs to them. Most digital arts have been subjected to theft before being released as NFTs. Many eSports corporations have agreed that buying an NFT will put their business at stake.