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

3 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Grayscale Appoints BitGo as Custodian for Hyperliquid Staking ETF

Grayscale has appointed BitGo Bank Trust as an additional custodian for its Hyperliquid Staking ETF to enhance custody services and operational flexibility.

user avatarAndrew Smith

Avalanche Sees Surge in Tokenized US Treasury Assets

The value of tokenized US Treasury assets on the Avalanche network has surged to approximately $545 million, marking a fourfold increase over the past year.

user avatarJacob Williams

Metaplanet Shows Liquidity Management with Strategic Bitcoin Transactions

Metaplanet sold 10,000 BTC for approximately $790 million and bought back 11,000 BTC for around $950 million, demonstrating its ability to manage liquidity effectively.

user avatarSon Min-ho

Navra Secures $19 Million in Series A Funding to Bridge Traditional Finance and Blockchain

Navra, a startup led by Mike Cagney, has successfully raised $19 million in Series A funding to enhance access to blockchain-based financial markets for traditional investors.

user avatarZainab Kamara

Arbitrum Proposes Strategic Initiative for USDG Stablecoin

Arbitrum has proposed a governance initiative to back USDG as a core strategic stablecoin within its ecosystem, including adding 100 million ARB to enhance liquidity and adoption.

user avatarTando Nkube

BitGo and HashKey Cloud Expand Partnership in Asia-Pacific

BitGo and HashKey Cloud have expanded their partnership to cover multiple areas of institutional crypto infrastructure, including staking, trading, custody, and asset tokenization in Singapore.

user avatarAyman Ben Youssef

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.