My issues with ChatGPT

2

October

2025

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Just like most other students I use Generative AI tools. Most of my experience lies in using ChatGPT, but I have certain rules I live by when using AI tools for university related activities. First of all, I fit the Dutch stereotype of being stingy, or at least for monthly subscriptions. I do not want to be bound by monthly payments, neither for AI tools nor for services like Spotify. So, my options are limited to the free versions. Secondly, I want to be able to do everything myself, so I only use it as support. Finally, I have some trust issues with AIs, particularly ChatGPT.

During my bachelor I did not use AI much, even though I come from an ICT & Business background, were students and teachers picked it up pretty quickly. So, most of my experimental phase took place last year. However, my experiments made me more reluctant to use AI, specifically ChatGPT. After experimenting I found the following issues:

  1. ChatGPT often does not catch the real meaning of your input, while other humans would be able to do it.
  2. ChatGPT makes stuff up. I remember thinking that I could maybe use ChatGPT to find something in a document I uploaded, but the results it gave were not mentioned in the document. Especially quotes, it made them up left and right. It answered what its thought I was looking for even if that was not the truth.
  3. During my interactions with experts and companies I remember often being told to be very careful with the information you put in ChatGPT as it can share that information. For example, if you share your ground-breaking idea with ChatGPT, it can give your idea to someone else that is asking for inspiration etc. Similarly, you have to be careful with personal and sensitive information.

However, in the current study environment, I often feel at a disadvantage for not using generative AI tools often. Even though I do not know how many people actually use ChatGPT or similar tools, I feel like I spend unnecessary time on doing all the preparation by myself. I am afraid that the workload is going to grow increase as more and more students are going to use AI tools to save time. If that happens, it is going to come down to who wants to spend most money on AI tools, which I think is not fair.

On the positive note, I do see great opportunities for AI for students with learning disabilities, like dyslexia and AD(H)D. They often struggle with things like taking notes during lectures and writing. And while I am still a bit conflicted on the writing part, since I am of the opinion (as someone with a learning ability) that we still have to be able to do it ourselves, AIs for note taking seem very useful to me. Sadly, the tools I found are too limited with their free versions to be useful or do not have a free version at all.

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How K-POP giant HYBE’s NFT business flopped

15

September

2025

5/5 (2)

Back in 2021, the popularity of NFTs reached its peak with the sale of digital artworks, generating millions in the process (NOS Nieuws, 2023).  As a result, many companies wanted to become part of this NFT business, including HYPE, the company behind K-pop superstar BTS (and multiple others).

Following this trend, at the end of 2021, HYBE announced its plans to launch an NFT business by setting up a joint venture with Dunamu, the company behind one of South Korea’s biggest crypto exchange platforms, Upbit (Lee, 2021). With the goal of creating NFTs photocards of their K-pop idols.

However, after its announcement, there was a major backlash from fans, with their hashtags hitting the top-trending list of Twitter in December 2021. Most of their criticism centred around the negative environmental impact of the NFTs, something that went directly against BTS’s climate activism standpoints. (Sohn, 2022)

Despite the backlash, HYBE and Dunamu still pursued their NFT business, eventually releasing it with its own platform, Momentica, in October 2022 (Jung, 2022; M. H. Lee, 2022). Even so, it did not go unnoticed that BTS was not part of this NFT business. And while the reason for this was never officially acknowledged, fans speculated that BTS’s leader, RM, requested his group not to take part in the project (Cherrie, 2023).

The reports on the performance of the Momentica platform varied, with Cherrie (2023) stating that it had low performance, generating around $6,500, while Im (2023) reported the platform’s success, mentioning its No. 1 spot in the entertainment section of the Japanese App Store. During this time, Dunamu was said to be a leader in the Web 3.0 market with its blockchain tech (Im, 2023).

After just 3 years, the platform silently closed down on July 2, 2025, with nearly no news articles mentioning its closure or the reasoning behind it. The one that did, noted that the joint venture, called Levvels Inc., suffered from an operating loss of approximately $9.5 million in 2024, with a net loss of $9 million. The other cited factors were the platform’s centralised control over user transactions and limited rescale options (L, 2025). However, this one article does not come from a trustworthy source, so the real reasons remain unknown.

References

Cherrie, S. S. (2023, 23 januari). ARMYs speculate that BTS’s RM might have influenced HYBE’s NFT project policies – Koreaboo. Koreaboo. https://www.koreaboo.com/news/armys-speculate-bts-rm-might-influenced-hybe-nft-project-policies/

Im, E. B. (2023, 29 juni). Dunamu leads Web 3.0 market with blockchain tech – The Korea Herald. The Korea Herald. https://www.koreaherald.com/article/3158303

Jung, M. K. (2022, 22 september). Upbit operator picks NFT venture with BTS’ Hybe as most anticipated project – The Korea Herald. The Korea Herald. https://www.koreaherald.com/article/2961908

L, P. (2025, 3 juni). Dunamu and HYBE’s NFT platform ‘Momentica’ to cease operations amid ongoing losses. HK Businesswire. https://hkbusinesswire.com/momentica-nft-platform-shutdown-2025/

Lee, M. H. (2022, 5 oktober). Dunamu, HYBE set to launch NFT platform via joint venture. The Korea Times. https://www.koreatimes.co.kr/economy/cryptocurrency/20221004/dunamu-hybe-set-to-launch-nft-platform-via-joint-venture

Lee, Z. (2021, 5 november). BTS agency Hybe partners with crypto exchange operator to sell NFT photo cards. Forbes. https://www.forbes.com/sites/zinnialee/2021/11/05/bts-agency-hybe-partners-with-crypto-exchange-operator-to-sell-nft-photo-cards/

NOS Nieuws. (2023, 25 september). Twee jaar na de hype rond NFT’s is het merendeel waardeloos. NOS. https://nos.nl/artikel/2491825-twee-jaar-na-de-hype-rond-nft-s-is-het-merendeel-waardeloos

Sohn, J. (2022, 24 maart). BTS’ NFT venture hits sour note with fans. KED Global. https://www.kedglobal.com/newsView/ked202201030010

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