• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Habbo Game intends to continue utilizing NFTs while avoiding the use of complex cryptocurrency terminology

Habbo Game intends to continue utilizing NFTs while avoiding the use of complex cryptocurrency terminology

user avatar

by Max Nevskyi

2 years ago


The classic social web game Habbo, which ventured into NFTs in 2021, two decades after its launch as a more visually engaging take on chat rooms, faced a mixed response from its fanbase, similar to Neopets. However, unlike Neopets, Habbo is not parting ways with its NFTs. Instead, it has decided to change the terminology used to describe them.

Habbo recently announced its shift in terminology, replacing the previous "Habbo NFT" terminology with "Habbo Collectibles." In a statement, Habbo explained that it aims to distance itself from the complex jargon associated with the blockchain industry.

"To enhance the understanding of Habbo Collectibles for both current and potential players – which primarily involve collecting and trading items within Habbo – we will reduce the use of terms like 'NFT,' 'Web3,' 'blockchain,' and others in our marketing and communications."

Habbo's decision mirrors the trend seen in various brands and companies that are rebranding NFT assets as "digital collectibles." For instance, Reddit refers to its NFTs as "Collectible Avatars" and avoids using NFT terminology in its public messaging.

However, not all changes will happen immediately. Habbo noted that it will keep the branding for its Habbo NFT Twitter account and Discord server intact, at least "for now."

Habbo's NFT avatars were initially created on the Ethereum mainnet, while subsequent collections, such as digital furniture, were minted on the Ethereum scaling network known as Immutable X. Owners of the 11,600 NFT avatars enjoy exclusive access to a specialized server called Habbo X within Habbo Hotel. On the secondary market, prices for these NFTs start at nearly 0.18 ETH (equivalent to $275) on platforms like OpenSea.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

CFTC and SEC Join Forces to Regulate Crypto Markets

chest

The CFTC and SEC are collaborating on Project Crypto to create a unified regulatory framework for crypto markets, aiming to clarify jurisdictional boundaries and foster innovation in the U.S.

user avatarKofi Adjeman

Ethereum ETFs See Major Inflows as Market Recovers

chest

Ethereum-based ETFs recorded their best single-day performance in nearly two months, with inflows of $169 million on Wednesday, indicating a potential recovery trend for Ethereum and related investment products.

user avatarNguyen Van Long

SEC and CFTC Submit Proposals to Regulate Crypto and Prediction Markets

chest

This week, the SEC and CFTC have submitted proposals to the White House to regulate the crypto industry and prediction markets.

user avatarKofi Adjeman

Ethereum Hits One-Month High as Market Recovers

chest

Ethereum's price surged by 12% on Wednesday, reaching a one-month high of $2,199 before retracing.

user avatarKofi Adjeman

3iQ and Scotiabank Launch Dynamic Active MultiCrypto ETF

chest

3iQ, in collaboration with Scotiabank, has launched the Dynamic Active MultiCrypto ETF, allowing investors to access Bitcoin, Ether, Solana, and XRP through a single product listed on Cboe Canada.

user avatarSatoshi Nakamura

CLARITY Act Faces Uncertain Future Amid Banking Sector Opposition

chest

The long-anticipated CLARITY Act may not be signed into law in 2026 due to intensified opposition from the banking sector over stablecoin regulations.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.