"Sell it to someone even dumber": Twitch streamer Asmongold bashes NFTs on livestream
Asmongold shared his opinion on Non-Fungible Tokens (NFTs) during his latest stream. The streamer has historically been vocal about his dislike for digital assets.
NFTs are a blockchain trend where an individual is granted ownership of a digital art by registering to a blockchain. NFTs have caused quite a stir over the past few months, with major streamers coming out in opposition to them.
While reviewing Steam's latest decision to ban NFTs from its platform, Asmongold expressed his ongoing frustration with the popularity garnered by NFTs. The streamer discussed the potential endgame for NFT owners, stating that reselling is their only option.
Asmongold was reviewing Reddit posts during his recent stream when he came across a thread on Steam's decision to ban NFTs. The streamer, who has previously shunned the digital assets, took the opportunity to explain to his viewers what he believed to be the plan for NFT owners.
His primary belief was that the NFTs were more of a speculative asset than an investment. Investors often buy these assets, including crypto, in the hopes of a rise in their value. This is done to gain profit through resale.
He clarified that most of these investors do not have any long-term interest in these products.
The endgame for these investors, the streamer passionately stated, was to gain an easy profit. The majority of streamers consider NFTs to be a scam, and Asmongold's statements resonated with this idea. He further stated:
Shifting his focus back to Steam's decision, the streamer exclaimed that NFTs should not be involved in the realm of video games. Agreeing with IGN's claims of “sketchy behavior” and “out of control” fraud with NFTs, he concluded that they would not add any positive impact to the
Read more on sportskeeda.com
