18/01/2023 First National Geographic NFT Launch Meets Massive Backlash, Technical Issues

NatGeoā€™s NFT primer, featuring the Bored Ape Yacht Club, has angered a lot of fans.


Image: JuliusKielaitis / Shutterstock.com
Image: JuliusKielaitis / Shutterstock.com

National Geographichaslaunched its first NFTson Polygon and posted a detailed explainer of the technology on social mediaā€”prompting outright rage from hundreds of fans of the 135-year-old nature-centric magazine responding with rage.

NatGeoā€™s Instagram, Twitter, and Facebook accounts posted animageof a Bored Ape Yacht Club (BAYC) NFT Monday with a caption detailing the rise ofNFTs, which are unique blockchain tokens that signify ownership.

The social media posts were designed to prepare the magazineā€™s mainstream audience for itsown NFT droponPolygon, which dropped Tuesday and features work from 16 different photographers including Justin Aversano, Reuben Wu, Cath Simard, and John Knopf.

Today is the day! Nat Geoā€™s Genesis collection ā€˜GM: Daybreak Around the Worldā€™ will go on sale at 12pm PT / 3pm ET!https://t.co/03vvZMbCB0pic.twitter.com/Sdhfcv7bBK

ā€” Nat Geo Photography (@NatGeoPhotos)January 17, 2023

The Backlash

The response to NatGeo merely mentioning NFTs on its social media accounts was met with an overwhelming number of negative comments, calling NFTs a ā€œbubbleā€ that ā€œalready popped,ā€ ā€œbullshit,ā€ ā€œan extinct species,ā€ and even ā€œanother way to launder.ā€

Many urged NatGeo to ā€œdelete this.ā€

Others asserted that NFTs were an outright ā€œscam,ā€ effectively throwing the whole technology itself under the busā€”even though people, not the technology, create NFTphishing scamsand ā€œrug pulls.ā€

Even the manager of acclaimed photographer Ansel Adamsā€™accountchimed into the conversation, replying to NatGeoā€™s Instagram post about NFTs with a simple ā€œNope.ā€

Image: Shutterstock

This kind of NFT backlash,sansnuance, is far from new. Netflix sawfalloutlast year when it created free NFTs as a part of its promotions for the latest season of ā€œStranger Things.ā€ And thevideo game industryhas seen continued, consistentbacklashfrom gaming publications and gamers themselves who despise the technology.

It seems that the general publicā€™s perception of NFTs hasnā€™t changed. TheEthereum Merge, which was executed in September 2022, didnā€™t do much to appease those convinced that NFTs were bad for the environment, either, despite the fact that the Ethereum Merge reduced ETHā€™s energy consumption by99.998%, per Ethereum Foundation data.

NatGeo has a massive following, with 256 million on Instagram, 49 million on Facebook, and well over 28.6 million on Twitter. Despite all the hate, though, its Instagram post about NFTs still received over 100,000 likes.

Despite the flurry of rage, it is notable that NatGeo has chosen to launch NFTs at a time where NFT trading volume is a sliver of what it once was. According to a Dune Analyticsdashboard, Polygon saw just $15.39 million in total NFT volume traded on OpenSea last month, a dramatic 80.5% decrease from its all-time high of roughly $79.45 million a year ago.

NFT Creators' Perspectives

While the majority of the more than 3,000 Instagram comments and nearly 200 Facebook comments were negative, some NFT artists chimed in to suggest that the majority of dissenters simply werenā€™t educated enough about NFTs.

ā€œWelcome to the comment section, here youā€™ll witness a sea of people hating on what they donā€™t understand in their natural habitat,ā€ wrote artistRyan Hawthorne, who has released Ethereum NFTs with prestigious auction house Sothebyā€™s.

ā€œItā€™s a shame most people commenting negatives takes here wonā€™t have taken the time to learn about the useful applications and problems the tech is solving/has the potential to solve,ā€ said Betty, the pseudonymous cofounder of Ethereum NFT project Deadfellaz.

Not all the NFT creators and artists who responded came to NatGeoā€™s defense. TheNFT artistChuck Anderson, who goes by the name nopattern, criticized the magazine for using an image of a BAYC NFT.

ā€œOf all the incredible projects, artists, and concepts in the NFT ecosystem, BAYC is far and away the corniest and most tasteless example,ā€ Anderson wrote. ā€œBummer [that] this is what people who havenā€™t hopped in are still being fed.ā€

Snowcrash Struggles

Those interested in minting NatGeo NFTs have also reported technical problems. The mint, engineered by NFT platform Snowcrash, appears to be facing ongoing technical issues.

Arts

https://decrypt.co/119392/national-geographic-nft-launch-mint-backlash-technical-problems

Interesting NFTs
Magnificent Pipe Organ
This magical organ will echo throughout all of the land just by merely touching a key. Its powerful pipes will make the ground tremble with majestic sounds. And best of all, it organically combines with all decorations.
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads ā€œBelloā€ in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The ā€œScionā€ lettering is in 80ā€™s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figureā€™s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brainā€“noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of oneā€™s potential to begin to ā€œKnow Thyselfā€, and find greater awareness out of the enigmas of the mindā€“as an inculcated seed given to the rich soil of oneā€™s own birthright.
X*Y=K
ļ½„悜ļ¾Ÿļ½„:.ļ½”..ļ½”.:*ļ½„'(ļ¾Ÿā–½ļ¾Ÿ)'ļ½„*:.ļ½”. .ļ½”.:*ļ½„悜ļ¾Ÿļ½„* for more info see https://tinyurl.com/56unnr39
#51552
By OthersideDeployer
Verifactory
The factory process behind the making of a verification badge. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Redshift, and After Effects.
For projects
News and stats platform for NFT (non-fungible token) 2024 All rights reserved.