Hot take on the new Neopets NFTs
146Welcome to TNT's latest scandal! #Neopets #NeopetsScandal #NFT
Jellyneo's coverage (there are hilarious comments on the page: http://www.jellyneo.net/?comments=13854):
"Announced today via a press release, Neopets will soon be launching another delve into the world of cryptocurrencies with the contentious technology of Non-Fungible Tokens, or NFTs.
Known as the Neopets Metaverse, this project will be launching on the Raydium storefront, slated for next month. This store uses the Solana cryptocurrency. According to the press release, 20,500 NFTs will initially be released, featuring default customised Neopets which vary by species, colour, gender, hat, clothing, and another presently unknown factor. Although details are scarce at this stage, it seems likely that these factors will be randomly assigned when you purchase the NFT. Some examples of NFTs shown are:
You may remember that a few years back Neopets released a similar project using blockchain technology known as Neopets Cryptoquest. At this stage, it does not appear to be releated (and is using a different cryptocurrency). You may also remember that JN's own April Fool's prank this year featured a similar idea.
For those unaware, NFTs are a form of digital merchandise. You buy a blockchain-backed representation of artwork that is unique. However, what you are buying is the NFT - you hold no ownership of the artwork itself. You are then free to resell this NFT if you wish to do so, or you can keep it forever."