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A group of YA authors have been forced to backtrack over plans for a Non-Fungible Token (NFT) story following an online backlash against the project.
In a
I wish we could pretend this doesn't exist but everyone subtweeting and asking if it's true only adds to the hype, so--yes. It's real. Multiple bestselling authors joined together to get involved with NFTs. pic.twitter.com/2NHEmzHZrV
— Amanda Woody 🌈 (@AmandaWoody_) October 20, 2021
The authors said the project would be spearheaded by purchases of NFTs, a one-of-a-kind digital certificate of ownership for a virtual or physical asset. NFTs have become associated with the digital art world where online marketplaces allow them to be bought or sold, sometimes for multi-million pound sums.
“Realms of Ruin will go live on 8th November 2021 with a robust collection of NFTs, a sweeping fantastical world, and 12 original stories, all built on top of the environmentally friendly Solana blockchain" the original @RealmsofRuin account invitation reads. "Join us in expanding these stories, adding your own, purchasing the official character cards and playing in these worlds! Your tales can be minted into NFTs whose value could rise as your readership does. As the world expands, the authors will be reading closely to decide which stories and characters are powerful enough to become canon.”
The plans, backed for former Facebook vice-president Julie Zhuo, ignited controversy online with a raft of issues raised, ranging from the environmental impact to wariness about under-18s being drawn into NFT marketplaces and who would own contributors' work.
Fellow writer Margaret Owen
An NFT is basically the digital equivalent of a CVS receipt that takes out an acre of rainforest to "print." It's a one-of-a-kind "token" that is "minted" by giving a very powerful computer a unique math problem so complex it can hypothetically be solved just once.
— Margaret McDeadlines Owen (@what_eats_owls) October 20, 2021
Owen added: “Unfortunately, as you can guess, that requires a devastating amount of energy. Even companies that advertise things like "carbon offsetting" to reduce the impact... still have an impact. But there's also the business side of it, which is: NFTs aren't great for art! [Previously] what happened was a lot of artists made NFTs for their work, and then: nothing.”
Within hours, one of the authors involved, Lu, revealed on Twitter that the authors had stepped back from the project. She said that while she had answers to the criticisms, “what matters more are the feelings this project has elicited from you all”. She added: “We’re taking a big step back as a result, and there will be more convo soon, but please know that I hear you and your concerns, and that always matters to me... Please know that everyone involved with the project had only the best intentions and are some of the best people I’ve ever had the honor to know.”
The authors later posted a joint statement on
UPDATE:
— Bad Writing Takes 🖊️🏳️🌈 (@BadWritingTakes) October 20, 2021
Thanks to tremendous effort from the #WritingCommunity, Realms of Ruin has officially been scrapped. pic.twitter.com/X2qVLUn42m