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Big NFT Project Cancelled After Just Five Hours

 

 

Yesterday, a group of respected young adult novelists thought it would be a good idea to launch a new project spearheaded by NFT purchases. Sadly/hilariously, their big plans went from “let’s do this” to “we’re not doing this” in a matter of hours.

 

Those authors—Marie Lu, Tahereh Mafi, Ransom Riggs, Adam Silvera, David Yoon and Nicola Yoon—had for a few weeks been in discussions with former Facebook VP Julie Zhuo, over a project called Realms of Ruin. It was to be an epic fantasy world, which would launch with “a robust collection of NFTs” for sale, and a selection of stories written by those authors. And how would NFTs work with novels, exactly? Like this:

 

Join us in expanding these stories by 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 compelling enough to become canon.

 

Perhaps sensing that one of the criticisms of NFTs is that they run on the environmentally-catastrophic blockchain, the original announcement said the project would be “built on top of the environmentally friendly Solana blockchain,” which itself had some serious issues last month).

 

 

Read the full article on Kotaku

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Alex is the polyglot of our team. He is passionate of crypto, investments and he's working with german and romanian communities.