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Itch.io: “‘NFTs are a scam”

Itch.io: “‘NFTs are a scam”

The online creative community is increasingly split on the issue of NFTs, but independent game marketplace Itch.io has taken a firm and obvious stance on the matter. "A few have inquired about our view on NFTs," the business said in a tweet this week. "NFTs are a rip-off. If you believe they are really beneficial for anything other than exploitation of creators, financial frauds, and environmental harm, we suggest that you reconsider your life choices."

Itch.io's firm position stands out at a time when numerous organizations, from gaming businesses to digital stores like Itch.io, are at least considering incorporating NFTs. GameStop just revealed intentions to create its own NFT marketplace, while Ubisoft appears to be quietly carrying on with its own NFT ambitions. Public outrage, on the other hand, has put a halt to several such proposals. S.T.A.L.K.E.R. backtracked on its NFT goals amid fan backlash, and a recent study of game developers revealed that industry insiders, too, aren't thrilled with the technology.

Itch.io's first policy declaration was followed by an addendum: "Also any firm that claims to promote artists while also endorsing NFTs in any form." They are just concerned with their personal profit and the potential to amass fortune at the expense of everyone else. "This is especially true considering the readily available debate on the challenges of NFTs." The company's decision to call out "any company that says they support creators and also endorses NFTs" isn't clear who it's referring to, but it appears to be a reference to recent drama involving Gumroad — a digital storefront that allows creators to sell everything from artwork to gaming mods to audio plug-ins.

The backstory is a little complicated (you can read an explanation of what occurred here), but basically there was a notion that Gumroad was going into NFTs, which sparked a reaction from authors, which the firm responded to by being strange and nasty on its official Twitter account. Given that Itch.io has built a reputation as a "humane" store in contrast to corporate behemoths like Steam, their attitude on NFTs is not surprising. For some digital artists, the technology provides a simple method to generate money, but for many others, it is simply inefficient and unethical. In other words, a fraud, as Itch.io describes it.

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