News Profit's Takes

Professional Call Of Duty Player Launches Esports NFT

Conor Johst, aka Diamondcon, is one of the fastest rising Call of Duty players in the world. Now, he is the first pro esports player ever to introduce an NFT into the ever-growing community of FPS gaming. At this time, the actual drop date of the NFT has not yet been revealed.

In a recent Twitter post, the 20-year-old revealed he will be launching the world’s first esports NFT (non-fungible token). It is scheduled to be the first NFT in the Call of Duty universe.

NFTs are non-fungible tokens. They work on blockchains, similarly to Bitcoin. However, the difference between the two is each bitcoin can be exchanged for another bitcoin, but one NFT cannot be exchanged for an identical NFT. They are used to mark ownership in a piece of digital media. This can apply to art, collectibles, and video games.

The Profit‘s Take:

Don’t fall for the marketing here. I can almost guarantee this is a bad investment. Many don’t realize when they are buying NFTs, they aren’t actually buying the digital content, but ownership of the certificate of authenticity. There’s a big difference there.

(All information was provided by PR Newswire and Gamepedia)

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