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It's currently being propped up by big, legitimate corporations: everything from sports organizations like the NBA, UFC, and WWE to food brands like Taco Bell a
by mjr00 5y ago
It's currently being propped up by big, legitimate corporations: everything from sports organizations like the NBA, UFC, and WWE to food brands like Taco Bell and McDonalds are pumping out NFTs. The Lakers are now playing in the Crypto.com arena, even.
On HN it certainly gets a lot of hate, but there's not so much in the mainstream right now. I don't think the Lakers would have agreed to a sponsorship where they play in the BP Oil Fracking Arena, for instance.
- hammyhavoc 5y agoHow about the Sneaker Brand Sweat Shop Arena though? Where do people draw their line with ethics and caring about the impact of what they support?
- mjr00 5y agoYou're absolutely right and that's what I mean about marketing having such a huge impact. Nike spends a ton of money making sure you associate the Nike brand more closely with LeBron, Jordan, and the general pursuit of superstardom than with their use of SEA sweatshops. Similarly, the average layperson currently sees crypto and associates it with making a lot of money very quickly. If that perception changes so that the initial reaction to crypto is "this is reckless gamblers killing the planet," that's a potentially existential crisis for cryptocurrency -- you'll have (more) politicians calling for cryptocurrency bans and much lower levels of public support.
- hammyhavoc 5y agoEloquent! Thanks for putting into words what a lot of us really struggle to.