• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Thursday, September 11, 2025
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Crypto Bro Shocked As Wizards Shuts Down Unauthorised Magic The Gathering NFT Project

14 February 2022
in Meta News
Reading Time: 4 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT

Related articles

DraftKings Exits NFT Business Due to Legal Issues

DraftKings Exits NFT Business Due to Legal Issues

30 July 2024
BlockDAG’s Leadership Unveil – Crypto Market Titans Behind Game Changing Presale Challenge VeChain and Optimism’s Growth

BlockDAG’s Leadership Unveil – Crypto Market Titans Behind Game Changing Presale Challenge VeChain and Optimism’s Growth

30 July 2024

A project that aimed to use NFTs of Magic The Gathering cards to create a scarcity-driven ‘NFT card economy’ has been shut down by Wizards of the Coast, surprising absolutely nobody.

The project, mtgDAO, aimed to use the blockchain and NFTs to create a format where you could not play with cards if you owned one of the limited number of NFTs relating to it. The cards would be minted and distributed by mtgDAO, as outlined in the seven-page whitepaper explaining how it felt the format would work.

RELATED: 5 Things I Would Want in Games More Than NFTs

Evidently, the one thing that seven-page monologue failed to realise is intellectual property laws. As Wizards owns everything from the card art to the text written on it, it was no surprise that its lawyers stepped in and reminded them of the obvious: “your intended use of Wizards’ intellectual property, including its trademarks and copyrights, would be unlawful”. This email was shared on the mtgDAO Twitter account, followed by a lengthy thread about how Wizards ‘just doesn’t get it’.

THEGAMER VIDEO OF THE DAY

In the thread, mtgDAO argues that Wizards should be supporting the project. In essence, it feels that the ban “unfairly discriminates against web3 tech and web3 communities” and that Wizards’ stance is “reactionary”. In a particularly hilarious tweet, they say “I don’t know where we go from here. Wizards’ position seems reactionary, but I don’t currently know enough about copyright law to be confident about how a court would interpret this situation”.

In an earlier thread, mtgDAO argues that it isn’t infringement, as they’re not selling any cards. Players will need to prove they own the card in paper, Arena, or on Magic Online before they’re allowed an NFT. In the whitepaper, it says “we are not creating NFTs licensed by WotC, only adding an additional layer of scarcity to be able to play Wizards’ cards in a new format”. So it’s more akin to a paywall for use someone else’s intellectual property, not selling the intellectual property itself.


Even when you ignore the environmental cost of the blockchain, the numerous rug-pull scams related to NFT, and the general insufferableness of anyone espousing the benefits of “web3”, the idea of a format where you can only play the cards you own an NFT for sounds absolutely ridiculous. What happens when all the tokens for staples like Lightning Bolt and Swords to Plowshares are sold out, and you’re stuck with playing with limited chaff from Dragon’s Maze? Buy a new NFT, of course – in the whitepaper, mtgDAO admits that the top ranks of its format will be dominated by those able to afford the NFTs for all the best cards.


Dockside Extortionist by Forrest Imel
Dockside Extortionist by Forrest Imel

The worrying bit about all this is that, in its email to mtgDAO, Wizards’ lawyers said the company is “currently evaluating its future regarding NFTs”. It’s a sword that’s been hanging over the game ever since NFTs first slithered out from the landfill they came from, and it’s only a matter of time before MTG crypto bullshit finally happens. Hopefully this mtgDAO project has put Wizards off the idea entirely, or at least not given them the impetus to pursue it any quicker than it already has.

NEXT: If Only There Was Some Way For Game Companies To Know NFTs Were Bad Before The Backlash

[crypto-donation-box]

Cryptohopper
ADVERTISEMENT


pokemon-legends-arceus-1
Pokemon Legends: Arceus Has A Secret Modern-Day Room With A Special Edition Switch

It’s a long way from Jubilife Village for a number of different reasons.

Read Next


About The Author

Joe Parlock
(316 Articles Published)

TheGamer’s TCG Specialist, covering all things Magic: the Gathering, Pokemon, Yu-Gi-Oh!, Flesh and Blood and more. His favourite Pokemon is Porygon, and his favourite Commander is Kwain, Itinerant Meddler!

More
From Joe Parlock


Credit: Source link

Tags: BrocryptoGatheringMagicNFTProjectshockedshutsUnauthorisedWizards
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

DOGE to first tank 7%, before rallying 40%

Next Post

BSC News Covering All Your Crypto News Needs

Related Posts

DraftKings Exits NFT Business Due to Legal Issues

DraftKings Exits NFT Business Due to Legal Issues

30 July 2024
0

DraftKings Inc. (NASDAQ:DKNG) is shutting down its non-fungible token (NFT) business “effective immediately,” as announced in an email to customers....

BlockDAG’s Leadership Unveil – Crypto Market Titans Behind Game Changing Presale Challenge VeChain and Optimism’s Growth

BlockDAG’s Leadership Unveil – Crypto Market Titans Behind Game Changing Presale Challenge VeChain and Optimism’s Growth

30 July 2024
0

With the cryptocurrency market rebounding from earlier volatility, both Optimism (OP) NFT trading and VeChain (VET) price predictions are trending...

DoodlesTV Launches With Season Pass on Base for Exclusive Content

DoodlesTV Launches With Season Pass on Base for Exclusive Content

30 July 2024
0

Ahead of impending film and music releases, Ethereum NFT-based project Doodles announced the launch of DoodlesTV Super Pass on Tuesday,...

Crypto Rallies Behind Artists Who Sued SEC Over NFT Regulatory Jurisdiction

Crypto Rallies Behind Artists Who Sued SEC Over NFT Regulatory Jurisdiction

30 July 2024
0

KEY POINTSFrye and Mann filed the complaint to ask whether the SEC should regulate 'art'They accused the SEC of waging...

How Much U.S. Government Holds In Bitcoin? Arkham Reveals

How Much U.S. Government Holds In Bitcoin? Arkham Reveals

30 July 2024
0

some of the major developments in the world of cryptocurrencies The US government still owns over 183,000 Bitcoin BTC $66,537, worth...

Load More
Next Post

BSC News Covering All Your Crypto News Needs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
ADA Price Holds Key Support Despite 0M Whale Sell-Off

ADA Price Holds Key Support Despite $140M Whale Sell-Off

11 September 2025
Here’s why Bitwise is tipping Solana for an end-of-year rally. And what could stall it – Yahoo Finance

Here’s why Bitwise is tipping Solana for an end-of-year rally. And what could stall it – Yahoo Finance

11 September 2025
BNB Hits New All-Time High Above 7 Amid Strong Futures Activity – Coinspeaker

BNB Hits New All-Time High Above $907 Amid Strong Futures Activity – Coinspeaker

11 September 2025
CryptoQuant Predicts BNB To Hit ,000

CryptoQuant Predicts BNB To Hit $1,000

11 September 2025

About Us

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • ADA Price Holds Key Support Despite $140M Whale Sell-Off
  • Here’s why Bitwise is tipping Solana for an end-of-year rally. And what could stall it – Yahoo Finance
  • BNB Hits New All-Time High Above $907 Amid Strong Futures Activity – Coinspeaker
  • CryptoQuant Predicts BNB To Hit $1,000
  • Morning Minute: Solana's New Path to ATH – Yahoo Finance

Subscribe Now

Our Partner

Round Main Logo
  • About Us
  • Privacy Policy
  • Contact Us

© 2022-2025 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 114,011.00
  • ethereumEthereum (ETH) $ 4,400.88
  • xrpXRP (XRP) $ 2.99
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 897.38
  • solanaSolana (SOL) $ 226.14
  • usd-coinUSDC (USDC) $ 0.999809
  • staked-etherLido Staked Ether (STETH) $ 4,393.60
  • dogecoinDogecoin (DOGE) $ 0.248160
  • tronTRON (TRX) $ 0.344742
  • cardanoCardano (ADA) $ 0.874234
  • wrapped-stethWrapped stETH (WSTETH) $ 5,336.36
  • chainlinkChainlink (LINK) $ 23.56
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,740.77
  • hyperliquidHyperliquid (HYPE) $ 54.13
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 113,832.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • suiSui (SUI) $ 3.59
  • stellarStellar (XLM) $ 0.384945
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.992931
  • avalanche-2Avalanche (AVAX) $ 28.80
  • wrapped-eethWrapped eETH (WEETH) $ 4,730.03
  • bitcoin-cashBitcoin Cash (BCH) $ 591.60
  • wethWETH (WETH) $ 4,402.13
  • hedera-hashgraphHedera (HBAR) $ 0.234417
  • leo-tokenLEO Token (LEO) $ 9.57
  • litecoinLitecoin (LTC) $ 114.44
  • crypto-com-chainCronos (CRO) $ 0.256323
  • the-open-networkToncoin (TON) $ 3.16
  • usdsUSDS (USDS) $ 0.999696
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999652
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 113,965.00
  • polkadotPolkadot (DOT) $ 4.16
  • whitebitWhiteBIT Coin (WBT) $ 43.27
  • uniswapUniswap (UNI) $ 9.78
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.199781
  • mantleMantle (MNT) $ 1.62
  • ethenaEthena (ENA) $ 0.751277
  • moneroMonero (XMR) $ 271.71
  • aaveAave (AAVE) $ 302.06
  • bitget-tokenBitget Token (BGB) $ 4.89
  • daiDai (DAI) $ 1.00
  • pepePepe (PEPE) $ 0.000010
  • okbOKB (OKB) $ 193.62
  • bittensorBittensor (TAO) $ 355.09
  • nearNEAR Protocol (NEAR) $ 2.69
  • jito-staked-solJito Staked SOL (JITOSOL) $ 278.27
  • memecoreMemeCore (M) $ 1.97