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Screenshot: GSC Game World

The developers of upcoming first-person shooter S.T.A.L.K.E.R. 2 said on Twitter last night that they are canceling "anything NFT-related" for their game.

Why it matters: It was the first prominent NFT backtrack from a gaming company.

Catch up quick: On Wednesday, Ukrainian development studio GSC Game World boasted in a press release of being "the first AAA game to allow the community to own a piece of the action." It would offer this through the implementation of NFTs.

  • Its initial plan: sell NFTs, or non-fungible tokens, that would grant the owner the opportunity to have their face put on a character in the game.
  • Backlash ensued online, from players and observers objecting to NFTs (critics of NFTs in the traditional gaming community decry them as wasteful scams, say they don’t improve games and drive speculation untethered to real value).
  • On Thursday afternoon, GSC issued a lengthy statement saying the NFT efforts around S.T.A.L.K.E.R. 2 would help fund the game and wouldn’t affect gameplay.
  • But within hours, GSC deleted that statement and tweeted a new one, canceling its NFT plans. That tweet has been "liked" more than 112,000 times.

Between the lines: The NFT gaming sector has seen more than $2 billion in investment this year, largely given to startups and upstarts looking to build a presence in the gaming industry.

  • That has spurred establishment players to also tease or roll out NFT gaming plans, arguing that they’ll usher in a new age of players profiting from the games they play.
  • Most of those big players are publicly traded mega-publishers, some of which are balancing internal backlash with presumed shareholder enthusiasm.
  • GSC has been around since the 1990s but is a smaller video game company and is self-publishing S.T.A.L.K.E.R. 2. In its reversal, GSC indicated it was reacting to fan pressure: "We hear you," the studio wrote. "If you care, we care too."

What’s next: GSC’s about-face may influence other midsize game companies’ decisions to explore NFTs, as they weigh backlash against potential profit.

  • Also relevant is larger publisher Ubisoft’s ongoing roll-out of free, cosmetic-only NFTs for its Ghost Recon Breakpoint game.
  • Those NFTs have been snatched up by players but are attracting only rock-bottom offers on crypto marketplaces. It's early, but that suggests an initial lack of demand — at least for NFTs that aren’t tied to any in-game play-to-earn system.

Go deeper

Jan 10, 2022 - Axios Des Moines

Iowa's sports gambling explodes in popularity

Illustration: Sarah Grillo/Axios

Iowans placed almost $1.25 billion in sports bets in the first six months of the current fiscal year, according to records published Friday by the Iowa Racing and Gaming Commission (IRGC).

  • That surpasses the amount wagered in the entire previous fiscal year, averaging more than $6.8 million each day between July and December.

Why it matters: Much of the bets are placed online and critics like Tom Coates of Consumer Credit of Des Moines warn that the convenience is fueling addictions and social problems.

  • Efforts to expand Iowa's online gaming to casino games is underway.
  • Prairie Meadows is one of the only nonprofit casinos in the nation and its profits help pay county debt and assist dozens of nonprofits.
Updated 20 mins ago - Economy & Business

Tax season nightmare ahead for understaffed IRS

Illustration: Shoshana Gordon/Axios

The IRS will start accepting 2021 tax returns in less than a week, and the filing delays and administrative headaches to come might eclipse last year — which was “one of the worst filing seasons," according to an independent advocacy agency within the IRS.

Why it matters: For taxpayers, especially with complex or paper filings, this means headaches, delayed refunds, and mistakes.

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.