Caution is the mother of safety – What crypto-player would not dream of being able to use their NFT favorite on his video game favorite? The society Polium, creator of web 3 infrastructures for blockchain games, is trying the adventure and announces that it is developing the console of the future: Polium One. Interoperability between blockchains, gains for holders, NFT, passive income, metaverse…: the console of the future is overflowing with promise. At first glance, everything seems perfect. This is without counting the adage crypto DYOR, Do Your Own Research (do your own research) which reminds us of the importance of raising doubts about such an enticing project. Let’s decipher.
NFT game and web 3: a console that would make more than one dream
At the beginning of July, we learned that the company Polium was presenting its project for Polium One console. This model is then announced as revolutionary, because it is compatible with NFT and adaptable to metaverse on DeFi, such as Decentraland.
Listed as compatible with 8 blockchains (Ethereum, Solana, Polygon, BNB Chain, ImmutableX, Harmony, EOS and WAX), the console would have its cryptocurrency own (its native token PLAY), of a marketplace as well as its digital wallet.
On the technical side, little information is available. Apparently, 4K or 8K Ultra HD 120fps resolutions are available to choose from. The controller promises to have several interesting features at first sight:
- A wallet button to facilitate transactions (allowed thanks to the PLAY token);
- A fingerprint scanner to optimize device security.
To get the console, you will need to have a Polium Pass NFT. 10,000 of these passes will be minted (created) for the first steps of this console in the ecosystem. Mint price is unknown at this time. For the future, the company plans to sell 1 million 3.0 consoles and is therefore banking on accessibility to expand its audience to that of gaming.
“The console will be powerful enough to run high-performance games and will be easy to use for a traditional gamer who doesn’t understand web 3.”
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Polium One, the mirage of the web 3.0 console
Quickly, the reviews however, started to rain. The console was notably mocked for its resemblance exaggerated with Nintendo GameCube. In the gaming world, the reception has also been very mixed.
Furthermore, the lack of professionalism of this emerging project stood out on his discord. Lack of moderation, questions from the community about the fact that the project is a scam: the ingredients seem to be in place for us to decide to investigate.
First, we tackled this GameCube logo and look-alike thing. On social media opened on July 2, we then found this tweet from July 4.
“We did not copy Nintendo’s GameCube logo. Several companies use a similar logo. But we will design a new original logo. »
We know how much the branding (and more particularly the logo) have a strategic importance in terms of marketing. As such, this story, at first sight without gravity, can all the same be interpreted as the first symptom of a flawed project.
Moreover, the RoadMap raises questions. Fuzzy and without a really precise date, it nevertheless draws the road to follow for the project. A true backbone, it is traditionally decisive for investors and even more so in the case of an industrial project of this type. It must be remembered that beyond the crypto-economic context and macro-economic delicatepunctuated by the syncopated increase of Iinflationnot, the creation and industrialization of a large-scale console represent a titanic task that requires years and billions of dollars. The PlayStation 5, Sony’s latest gem, was thus conceptualized in 2015. The project therefore needed more than six years to put its console on sale, in a limited way as we know. She was, moreover, very quickly victim of her own success.
A white paper that makes you mope
Our reverie then turned into a kind of nightmare. Wandering the site, we landed on the white paper. We have read it. Bad idea. From the outset, the paper – supposed to be – sacred informs us:
“This white paper is intended for a reader with a non-technical background. We are currently creating a whitepaper with more technical details, which will soon be published on our website. »
Good. That is. Let’s move on. The white paper then briefly describes the website, taking up most of the information… from the website. No concept is not developed regarding services offered on the cryptocurrency wallet. The PLAY token rewards associated with NFTs are briefly discussed and the term “staking” appears once in a bulleted list.
The market analysis of the millions of potential users is also a dream, but it does not cite a source. The figures and statistics for the future thus resemble vulgar counter premonitions. The white paper finally concludes with the frequently asked questions (FAQ) used on the website.
Investigating even a little, it therefore appears curious that a unsuccessful project – anyway for now – could have caused so much ink to flow. On paper, certainly the console is a dream. NFT, metaverse, web 3 and cryptocurrencies: Polium surfs on the ingredients that make the world of blockchain attractive. On the other hand, the absence of a CEO behind the project or any other representative leaves us doubtful. Honest approach or dubious project? Either way, this console is here to remind us of theimportance of doing your own research to avoid the pitfalls of web 3.
Stay away from spammers and scammers. Avoid too-good-to-be-true offers like the plague and get into the habit of being healthy with suspicion. On the other hand, also learn to place reasonable trust in respectable and recognized players in the ecosystem. The FTX platform falls without a shadow of a doubt into this second category. Come acquire and trade your first bitcoins and other cryptocurrencies. Register on FTX. You will benefit from a lifetime discount on your transaction fees (affiliate link).