This “Web3 game console” marks a new low for crypto scams

Whether we like it or not, web3 and its accompanying technologies have found their way into many products over the past couple of years. We have blockchain phones, NFT games, and now – at least allegedly – a “web3 games console.”

A recent Medium post from a company called Polium claims that the group is “building the products and infrastructure for Web 3 Gaming”. The company’s goal is to introduce something called Polium One, which marks “the world’s first multi-channel game console.”

There’s just one problem: a lot of the information about this theoretical product is either too ambitious or, in some cases, impossible.

Polium claims its controller will incorporate a fingerprint scanner, a concession after it falsely claimed it would use Apple’s TouchID technology, which is limited to Apple products.Polyum

Believe me, Web3 is the future — Although no specs were revealed, the company’s official website announced that its console would be both 4k and 8k, a stark contradiction, as noted Kotaku. Processing and graphics power is assigned to NVIDIA, and the console will have its own cryptocurrency wallet, to facilitate blockchain transactions.

Polium’s site also promised the incorporation of Apple’s TouchID, as mentioned above, but you cannot currently visit said site to verify this claim for yourself, as everything seems to be broken. The company’s Discord server also appears to be broken, as invites no longer work through the company’s server. Twitter account.

Speaking of Twitter, the number of backlashes Polium received may have influenced how he proceeds with the project. Take a look at this report:

To make matters worse (if that’s possible), Polium’s logo is a pretty obvious redesign of the one used by, well, Nintendo’s GameCube. After being lambasted on Twitter, Polium basically admitted that their initial effort was a scam.

So this week, the company unveiled its new logo and has since removed all traces of the old design – for anyone interested web3 is doing great has the original archived here.

Carpet prints, galore – Rather than reinventing the hardware or console space, Polium instead rewrote the script for NFT mat pulls. Normally, the scam promises a purely digital experience to potential buyers, with the possibility of a real-world reward.

The Polium One, meanwhile, flips the form by dangling a physical product as a gateway to online rewards. It’s telling that the company wants to take pre-orders “before the console hardware is fully built.” In order to get your hands on something that won’t exist, Polium is offering an NFT collection known as Polium Pass, which supposedly grants owners access to the console in Q3 2024.

Crypto scams aren’t slowing down any time soon, in fact, if Polium is any indication, they’re getting more and more brazen. The twist here is the promise of a physical product, which in most cases would lend credibility. But given that there is no real proof of concept, Polium seems to be just another mundane Web3 scam.

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