• 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

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Anticipates FOMC Meeting Outcomes

chest

The upcoming FOMC meeting on June 16-17, 2023, is expected to keep interest rates unchanged, influencing market sentiment and Bitcoin prices.

user avatarMohamed Farouk

Bitcoin Miner Inflows Surge to Binance Amid Market Decline

chest

Bitcoin miner inflows to Binance reached a significant high of 24,716 BTC on June 2, indicating potential supply-side pressure in the market.

user avatarDiego Alvarez

HYPE Token Faces Price Correction After Record Rally

chest

HYPE token has experienced a significant price correction of nearly 13% after reaching all-time highs near $75, closing around $65, while the overall trend remains bullish.

user avatarKenji Takahashi

Mt Gox Resumes Bitcoin Transfers Amid Deadline Pressure

chest

Mt Gox has resumed Bitcoin transfers to facilitate repayments to creditors, with a deadline set for October 31, 2026.

user avatarMaria Fernandez

XRP Whales Withdraw from Binance, Halting Selloffs

chest

XRP whales are withdrawing from Binance, leading to a significant drop in selloffs on the platform.

user avatarGustavo Mendoza

Bitcoin Price Crash and Future Predictions

chest

Bitcoin has recently crashed below the $70,000 mark, with market analyst Crypto Patel predicting further declines, potentially reaching $50,000.

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.