Surprising everyone during Hasbro’s 2021 First Quarter Financial Results Conference Call, Hasbro CEO Brian Goldner stated that the company is looking forward to generating NFTs (Non-Fungible Tokens) based on Hasbro properties such as Transformers and G.I. Joe.
“NFTs are a real opportunity for us. As you know we have so many brands that really operate on multiple demographic levels; whether it’s Transformers, whether it’s Magic [The Gathering] and the D&D brand, and brands like G.I. Joe. We have a team that is leading our effort out of the west coast. We have our arms around this and see multiple opportunities on the NFT side and you’ll hear more about that as we move forward. But, we are actively developing our opportunities here and we do see it as substantial.”
For those who do not know, a non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with proof of ownership that is separate from copyright. The NFT market value tripled in 2020, reaching more than $250 million.
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Shockwave81
And we’re done here.
3. No Politics, Religion or Abortion
This includes signatures, user titles and avatars. Political jokes and links to news stories with a political nature are also off limits.
shellformer
Then, at the very minimum, you could already know why someone would love living in Venezuela. Further possible explanations would be that people aren't all going starving with unwiped asses (if they're coprophiles they solve both problems quite handily) or even simply that they learned to love the place in less troubled times.
shamanking282
No, but it keeps things from getting worse faster. But I know you believe a post on a forum requires the same power draw as a NFT.
Matthew Haskett
While it’s a huge bummer to hear that you know people in Venezuela that are struggling, the same thing is happening around the world regardless of political economy.
Gepard
Where did I say I thought it would save the world? I didn't, and I don't think you really think I meant that.
"Everyone dies eventually, so it doesn't matter if people get murdered."
T-Hybrid
It'd be like if we didn't distribute vaccines because it didn't actually cure the disease. "Oh this step only mitigates the potential harm but doesn't stop it…might as well not bother."
Triceradon
“If the solution to a problem takes more than one (1) step, it is not worth doing.”
T-Hybrid
….and look no further than how suddenly people are super concerned about the political situation in Venezuela as if that has anything to do with Hasbro producing Transformer NFTs.
Or comments like this…
Which demonstrate what I said earlier:
It's like complaining that we shouldn't ban smoking in bars because lots of things can cause cancer, or that there's no point in banning smoking in bars because people also drink alcohol and then go driving which can kill people.
bellpeppers
So, let’s Eliminate crypto and NFT’s. Is the world saved then?
bellpeppers
At least there would then be consistency.
Just out of curiosity how much would a carbon credit cost to offset your post?
Gumblor Gimbles
thanks for the explanation Gepard. i obviously can't speak for everyone living there, but it certainly seems like a shit place.
Rodimus Prime
Yes, the options are they work for the military there or they literally moved to a place to become the bourgeoisie.
shamanking282
It actually doesn’t matter what you think. There are explanations in this thread that explain why blockchain transactions continue to use more and more energy, while the basic functions of the internet run on fairly stable servers that with a focus on increasing efficiency and optimization.
Gepard
If I had to guess? Being an American ex-pat with middle class money makes you filthy rich by Venezuelan standards, so you can avoid most of the bad stuff.
Gumblor Gimbles
could you expand upon this reality of Venezuela that contradicts everything said about the country in recent years? genuinely interested.
Rodimus Prime
Considering that I know people who are still there, it's doubtful.
T-Hybrid
Like I've said before, it's the nihilist approach to any issue. "No one small thing matters so why do anything?"
"Why are NFTs so bad when we also drive cars? Why should the US take steps to improve it's energy grid when China exists?"
The goal is to muddy any conversation about steps that can be taken now by drowning everything in the "bigger picture." No one small step will solve the problem so that small step is worthless, never mind it's part of a plan that involves several small steps that add up to some kind of progress.
It's like having a neighbor who doesn't recycle because "What difference does it make if I don't?" forgetting that the only reason their singular choice doesn't have a great impact is because everyone around them is making the right choice.
Same goes for stuff like vaccinations and mask wearing. Sure *me* getting vaccinated individually doesn't end the pandemic, but me arguing that I don't have to because enough people who aren't me will is just acknowledging I know the helpful choice and willingly refuse to make it.
Same here: Stopping NFT production won't "solve" climate change. But it stops things from getting decidedly worse while we work on other steps to move back in the right direction. And we KNOW it makes things decidedly worse because the science surrounding the impact of crypto/NFTs compared to other PC usage is right there.
That's how crypto works in general since there's no regulatory body guaranteeing the value of that currency at any given time. Combined with it's volatility the general workflow is someone mines it or buys it when value is low, waits until value is high and hopes some sucker buys it before it dips yet again. At which point someone buys it and the cycle repeats itself.
shellformer
I'm guessing that the reality of Venezuela is a little more complex than what you have been led to believe.
Rodimus Prime
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I'm guessing eating and having basic necessities like toilet paper aren't things that they enjoy.