Would You Like Fries With That NFT? 🍟

Twitter, Facebook and McDonalds go all-in on NFTs.

Jan 20

More NFT cyber-cultural action this week, and my thoughts on Microsoft’s massive $69 billion acquisition of video game publishers Activision Blizzard. Let’s get to it…

Notes from the Present 📱

Twitter Launches NFT Profiles

More big news in the crypto/Web3 space, as Twitter launches NFT profile pictures for its premium members (Twitter Blue). You will need to either buy an NFT or create your own NFT (e.g. using your current profile photo — it doesn’t need to be a cartoon) on a service like OpenSea. Indeed, Twitter is using OpenSea’s API to run this feature. But be warned, it’ll likely cost you over $100 in “gas fees” to do this over the most popular Web3 blockchain, Ethereum.

The OpenSea integration led to some “fail whale” moments for the suddenly popular NFT marketplace:

Jane Manchun Wong @wongmjane

OpenSea is down Twitter uses OpenSea’s API for loading NFTs Therefore, Twitter’s NFT feature is down #decentralization

[Cancel] NFTs …

NFTs aren’t loading right now
Try again

Facebook Announces NFT Integration

Of course, Meta/Facebook’s NFTs are merely “plans” at the moment, much like its metaverse. But it’s another sign of the mainstreaming of NFTs.

Hannah Murphy @MsHannahMurphy

SCOOP: Facebook has big NFT plans, per sources. So far, it's: - Internally testing a feature to allow users to showcase their NFTs on Instagram - Developing a prototype for users to mint NFTs - Exploring launching an NFT marketplace w/ @CristinaCriddle

Subscribe to read | Financial TimesNews, analysis and comment from the Financial Times, the worldʼs leading global business publicationft.com

Some concerns I have about this news:

Richard MacManus @ricmac

You would think this would drive down the tulip prices, BUT...remember how Instagram made selfie culture even worse by promoting / rewarding fake lifestyles in its feed? I wonder if a similar thing will happen with Instagram NFTs — i.e. the grifters will thrive even more.

Hannah Murphy @MsHannahMurphy

Microsoft Buys Activision Blizzard for $69B

The biggest tech news of the week was Microsoft buying the maker of Call of Duty and Candy Crush, Activision Blizzard, for about $69 billion. It’s their largest ever acquisition — but in an era of insane tech company valuations, does the dollar amount really matter? Culturally, this is another example of big tech taking over the entertainment industry. There’s talk this might be a metaverse play, but there are no virtual world or VR aspects to what Activision does — so that’s meaningless futurism. Ultimately, this is pretty similar in my mind to Microsoft building Xbox and buying Minecraft — it’s a good content business in a market where the technology platform really matters (video game consoles, powerful PCs, mobile devices, etc). Microsoft has always had a 360 approach to tech devices, covering all bases; including gaming consoles, with the Xbox. But this cyber-cultural era is as much about the content as the devices, and Activision gives Microsoft a lot more cool content for their gaming users. The head of Xbox, Phil Spencer, will be in charge of Activision once the deal finalizes (which isn’t for another 12-18 months).

Phil Spencer @XboxP3

As we extend the joy and community of gaming to everyone, we are incredibly excited to welcome the fantastic teams and iconic franchises of Activision Blizzard to Team Xbox

Welcoming the Incredible Teams and Legendary Franchises of Activision Blizzard to Microsoft Gaming - Xbox WireCreators of Call of Duty, Warcraft, Candy Crush, Tony Hawk, Diablo, Overwatch, Spyro, Hearthstone, Guitar Hero, Crash Bandicoot, StarCraft and more join Team Xbox As a team, we are on a mission to extend the joy and community of gaming to everyone on the planet. We all know that gaming is the most v…news.xbox.com

A gem of a tweet here from a video games market analyst:

Daniel Ahmad @ZhugeEX

A reminder of the approach that Microsoft is taking towards gaming, which is informing its M&A strategy As the value of IP, content and talent grows, the Xbox business is placing its bets on ensuring it can increase the value of game pass and reach all players across all devices

Web3 Developer Ecosystem

My column this week is about the small, but fast growing, Web3 developer ecosystem. There are at least 18,000 active developers in Web3, according to a report from crypto VC firm Electric Capital. But to put that into perspective, JavaScript — the world’s most popular web programming language — adds about 18,000 new developers per week. So it really is early days for Web3.

The Onion’s Guide To Web3

You know you’ve made it when The Onion lampooons you: “The next iteration of the internet, Web3 will decentralize power from big tech companies and give it to individual big tech billionaires.”

When Tech Bros Think Out Loud

“Synthetic wombs”?! Perhaps Vitalik Buterin, the founder of Ethereum, should stick to blockchain development. (screenshot via tech historian Margaret O'Mara)

Notes from the Past ☎️

The History of Activision Blizzard

1980 Activision titles; Image via chinavision

Not being a gamer, I wasn’t au fait with the history of Activision Blizzard. But its origins date right back to Atari in the late 70s. According to Brittanica:

“The company was formed in 2008 by the merger of Activision, an entertainment software publisher that traced its roots to the original Atari game console, and Vivendi Games, the parent company of Blizzard Entertainment, a PC software publisher best known for the Diablo, Warcraft, and StarCraft franchises and for the massively multiplayer role-playing game World of Warcraft.”

Activision were the first successful third-party video game platform (i.e. the games weren’t designed by Atari for Atari), while Blizzard created some stellar video game franchises in the 1990s (particularly multiplayer games). In a nutshell, the two companies were both innovative video game publishers who managed to create a corporate behemoth, which the giant that is Microsoft just slurped up.

If you’re interested in learning more about the 2008 merger of Blizzard and Activision, the Acquired podcast had an episode on it.

Fail Whale

While Twitter’s new NFT partner Opensea is having technical issues, did you know that Twitter itself used to crash regularly in its early days? Older webheads will remember this: