Justin Kan is a co-founder of the popular streaming service Twitch. In 2007, he transferred his life live to Justin.TV. Now he opened a website that turns around the new technology NFT. It is known to attract scammers. And indeed, they chucked the discord of his side and picked up good faithful customers.
Who is Justin Kan ?
The 38-year-old is an American internet pioneer and entrepreneur who succeeded 14 years ago the big coup. 2007, with 23 years, Justin Kan opened a live video feed in which he had mounted a webcam on his head and transferred his life. This real-life Truman Show went for about 8 months. From this idea, 2007 the video platform JUSTIN.TV, which was named after him. From Justin.TV, in turn, the streaming platform Twitch, which was purchased from Amazon for $970 million in 2014. It is estimated that each of the 4 founders of Twitch did about 120 million US dollars at that time. Kans fortune is estimated at $100 million today (Via CelebrityNetWorth).
Next step in gaming
That was the idea of his new page: In December, Justin Kan opened the website Fractal, a trading place for NFT. In a blog post he called that the next step in gaming, by NFT now could now be generated unbelievable value for players and the ecosystem. (Via medium)
Players would now really have the value of their in game items through NFT now.
Fractal should play an important role in this new world as a marketplace, it should be an open platform to trade digital goods freely.
What went wrong? Scammers have chopped the discord of fractal and leave a message there. It was said that you had 3,333 NFTs for sale.
As a Twitch reporter reported, the scammers would have managed to fight almost all of these NFTs, 3294.
However, these NFTs did not exist, but that was all a scam. The link that the scammers posted did not at all on fractal, but on fractal.
The people have arisen a damage to $150,000, about €132,000. There are much angry news from cheated buyers who reclaim their money
A user says, for example, he lost all his money, which was exactly 1 sol. That's gone now. He wanted to return the Sol — he is arm.
A solo (Sol) is a cryptocurrency currently at €163.44.
Company thanks hackers for the PR — compensated customers
This is how the company is responding: In a message to the buyers it says, 373 members of the community were cheated, the hackers had stolen 800 SOL worth about $150,000.
However, it was quite impressive that at 100,000 members of the community are only about 0.3% on the scam.
Fractal reported early that one wants to straighten the situation, and later said that they have replaced every sol, who was lost. The company goes even further and thanks for the hacker. The community only made even stronger.
In addition, you have surfaced twice on the website TechCrunch — so everything is great. That's probably If life gives you lemons, make lemonade out.
Twitch founder scolds on the stupid gaming press
Kan responds to the criticism: The Gaming Press in the US — how many players — the current trend towards NFTs critically. Especially the site Kodak mocks again and again via NFT. For them, it is almost logical that buyers of NFT are ripped off. The authors of the gaming pages especially see the environmental impact of NFTs critical and again and again when a NFT model turns out as a scam.
A contribution about the scam on his side Kan has bitterly acknowledges: The reporters would not have created anything of value and now laughed over the victims of the hack. The press is a bankrupt institution that nobody interests more. The gaming press is irrelevant anyway, people would learn from new games over YouTube or Twitch.
Currently, some players fight against The Future of Gaming, which Kan sees in NFTs:
Reaction to new NFT microtransaction is so bad that Ubisoft hides the video
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