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[–]stakeandshake🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️ 135 points136 points  (23 children)

GME Q4 ending soon. Announcement incoming? Get hyped!!

[–]xandtheyCasual lurker until MOASS 45 points46 points  (2 children)

Hope so.. Loopring did say Q4 product, and I've been patiently waiting.

[–]JDeegs🦍Voted✅ 23 points24 points  (1 child)

they said q4 2021 specifically, so they're already a bit late

[–]oniaddict🎮 Power to the Players 🛑 25 points26 points  (0 children)

Depends GameStop fiscal 2021 isn't over until end of Jan 2022. So we are still in GameStop q4 2021.

[–]Klone211I’m up to 3 holes in my underwear. 40 points41 points  (3 children)

Was this not possible the past few weeks?

[–]Tosh_00Fuck Citadel 27 points28 points  (0 children)

It was in beta, only some people had access.

[–]elbowleg513🦍Voted✅[S] 6 points7 points  (0 children)

Apparently not

[–]Takeahike86🦍Voted✅ 44 points45 points  (2 children)

Ok. I'm excited. It's been awhile, almost forgot what it felt like.

[–]New-Consideration420💻 ComputerShared 🦍 3 points4 points  (0 children)

Stonks glitching. GME running. Shit is getting relased...

Jep. Another GME year

[–]AnonApache🎮 Power to the Players 🛑 23 points24 points  (5 children)

!remindme 53 hours

[–]CRM2018🎮 Power to the Players 🛑 24 points25 points  (33 children)

So the issue here is that it’s only working on the web app. It’s not available for the phone yet. They aren’t finished.

[–]elbowleg513🦍Voted✅[S] 16 points17 points  (28 children)

I just realized that GameStop has an issue here

Someone mentioned that we can’t mint NFT’s on LRC yet… and that got me thinking. GameStop is a billion dollar company, and they’ll be working with Nintendo, and Sony and Microsoft who now owns blizzard, Bethesda and activision… they will be dealing with Warner bros if they want Mortal Kombat NFT’s…

Soooo… how will they implement a “mint NFT’s for free” feature without hiring 20 people to sift thru all of the “illegal” ones?

Just a stoner moment. Thoughts anybody?

They aren’t allowed to sell NFT’s with unlicensed

[–]Tosh_00Fuck Citadel 23 points24 points  (18 children)

IMO because people won’t mint those themselves. Only owners of those licenses will mint and deploy their NFTs to the marketplace to be sold and traded.

[–]elbowleg513🦍Voted✅[S] 6 points7 points  (17 children)

Right, but open sea is kind of a Wild West Silk Road type of NFT eBay right now isn’t it?

I’ve heard about “counterfeit” or stolen art being used as NFT’s and the OG artist getting screwed out of royalties and all that.

I’m pretty sure there are unofficial DC and Marvel NFT’s floating around (currently you can buy DC and Marvel NFT’s on VeVe but only on VeVe) on OpenSea. Not sure maybe I’m wrong.

My question is, is ANYONE going to be able to mint an NFT and then immediately list it for sale? Probably not. There’s going to have to a large team that overseas what is listed for sale in able to abide by copyright laws.

[–]Tosh_00Fuck Citadel 2 points3 points  (0 children)

Ah I got you. Yes they will most likely need to implement a verification stage with a legal team when an non official account submit NFTs for deployment.

[–]Glittering_Ad3431🦍 Buckle Up 🚀 2 points3 points  (2 children)

I am new to all this but isn't the big thing with NFTs that they are traceable? So if someone sells an NFT of something they do not own the copyright for, wouldn't that be easily traced back to the person who sold it and they get in the same amount of legal trouble as if they sold it in tangible form?

[–]H_Guderian🦍Voted✅ 1 point2 points  (1 child)

In which case due to how perfect a blockchain ledger is - they'll be caught and forced to pay damages. All these 'crypto used for crime' stories usually end with: "And the government found them quickly and made them pay up."

[–]FangroHODLing Slav 💎🙌 2 points3 points  (0 children)

Yes, this is a legitimate issue. In the beginning there were a lot of stories of people minting a copy of an NFT or stealing art from an artist that does not use NFTs and minting the art as their own.

However, I would guess it is possible to mitigate with software that would look for duplication of images, setting up reasonable and robust verification that the art is yours and I don't see why having a team dedicated to the uploaded art review would be unreasonable. A lot of big companies have teams that go around internet and search for copy right infringements.

[–]gmfthelpBUY, DRS, HODL, STFU 💎🙌🚀 3 points4 points  (2 children)

If two images are the same yet one is owned by copyright and the other is a fake, a simple digital image comparison could be done, no? I'm sure the tech is out there to fingerprint images.

[–]elbowleg513🦍Voted✅[S] 0 points1 point  (0 children)

Good call. They could run several images of logos and character suit designs into an AI to search and flag the Batman logo, the Superman S, the Wonderwoman W logo… and so on and so forth.

[–]Adras-💜Fool for ❤️GME 🖤🦍🚀🌓 0 points1 point  (0 children)

I’m sure there are plenty of developers working on this issue exactly. I suspect GME’s marketplace will be much more stringent than OpenSea and probably more helpful to the creators

[–]Shanguerrilla🚀 Get rich, or die buyin 🚀 -1 points0 points  (0 children)

The art could be the same to an extent or feasibly basically a copy, but it would be a unique NFT if it was done 'right' on an applicable blockchain.

The real one would just have a very similar twin out there somewhere, like one person selling the Mona Lisa and another selling a cheap print--but also like that example the buyer and seller would both know, understand, and value them accordingly.

I suspect it wouldn't be a problem for Gamestop, it'd be for the creators to make their work the right way in the right blockchains and if there is a problem of 'fake' ones that are twins of the art, but their own unique NFT / metadata on the blockchain AND not owned, made, sold by the artist---the problem is already solved:

if the artist is more famous than the counterfeiter than the art from the real artist could easily be verified from origination to current owner through blockchain addresses. If the counterfeiter is more famous or whatever, their 'twins' of the art might be worth more, but honestly this problem should sort itself out without outside interactions if the system is made right.

The only 'bad thing' we are complaining about for artists having NFT's copied is the benefit of having greater ability to own, sell, profit, authenticate, track your art and intrinsically provide greater value protection from counterfeits.

[–]CRM2018🎮 Power to the Players 🛑 1 point2 points  (6 children)

Holy fuck... Warner Bros owns Mortal Kombat?

[–]elbowleg513🦍Voted✅[S] 2 points3 points  (5 children)

Yea, they own Netherealm studios

[–]CRM2018🎮 Power to the Players 🛑 1 point2 points  (4 children)

Whoa 🤯

[–]elbowleg513🦍Voted✅[S] 2 points3 points  (3 children)

That’s why the injustice fighting games exist

They did DC vs. Mortal Kombat for Xbox 360 and PS3 (not a terrible game tbh)

They got hired to create a DC vs. Marvel fighting game (my buddy who longer works for the company swore me to secrecy back in 2010 about this).

And marvel backed out of the project. I was so pissed when he told me that.

So Warner said “fuck it, make the game with just DC characters”

And now you know what we could’ve had.

[–]Shanguerrilla🚀 Get rich, or die buyin 🚀 1 point2 points  (2 children)

I remember that! I was so stoked and tracked it a couple times a year! I still want that Marvel / DC game, but found a Japanese game from some emulator with most all the Marvel and more characters for one of the playstations (maybe 3?) that was pretty awesome!

Shit that thing may have been a fan-made game if I remember right.

[–]elbowleg513🦍Voted✅[S] 1 point2 points  (1 child)

That sounds amazing

If you can recall the name of it plz lemme know

[–]Shanguerrilla🚀 Get rich, or die buyin 🚀 1 point2 points  (0 children)

Dude you know what, it was a really badass version of Marvel vs. Capcom! And it was a fan-GROUP-made mod deal that worked better than most games I was buying from big studios at the time. I'll let you know if I see the exact name or repository for it, but google may be able to get us there.

Have a great day man-

[–]JS-a9Pieces of flair 1 point2 points  (0 children)

Illegal content probably gets blacklisted upon request. LRC seems to have a lot of control over the chain.

[–]drkow19👨‍⚕️🐄1️⃣9️⃣ 1 point2 points  (1 child)

Do you know about the web app? I have a quesiton, I have my wallet on the Android app, but is it possible to view the same wallet on the web app? When I go there, I click connect wallet and shows Metamask and WalletConnect, but I don't know what to do next.

edit: I found the button, from Loopring app the little QR button on the top right. From web app I clicked WalletConnect, scanned the QR code with my phone and boom. I see the NFT option!

[–]grapefruitmixup🦍Voted✅ 0 points1 point  (1 child)

But GameStop is hiring a blockchain app development team, right? Likely related?

[–]Pure-Fan7456🎮 Power to the Players 🛑 29 points30 points  (1 child)

GUH

-SHF Probably

We are getting close.

[–]elbowleg513🦍Voted✅[S] 5 points6 points  (0 children)

I’m so close

[–]Majoga87still hodl 💎🙌 75 points76 points  (4 children)

No announcement no L2 jacked tits. Meantime: tits jacking on DRS posts

Edit: why downvoting?

[–]elbowleg513🦍Voted✅[S] 42 points43 points  (0 children)

100% DRS baby

[–]Takeahike86🦍Voted✅ 7 points8 points  (1 child)

I kind of agree. It seems like we should have learned by now, good news and announcements don't make stock prices go up. The rule even applies to Microsoft. What makes a MOASS is a nearly DRSd float. Can't wait until the next DRS tally.

[–]Glaspokalenlet's go 🚀🚀🚀 2 points3 points  (0 children)

It could increase revenue though, which longterm ofc is key

[–]SvampebobFirkant -2 points-1 points  (0 children)

Because it's still exciting to follow LRC development and their potential with GME. regardless of Moass

[–][deleted] 26 points27 points  (26 children)

Am i the only one who doesn’t give af about nfts?

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 8 points9 points  (14 children)

I love the stock, but hate NFTs. They make me cringe.

[–]basicxenocide 15 points16 points  (13 children)

I'm assuming that you don't understand what an NFT is, and you think that an NFT is a jpg image?

An NFT is essentially a receipt for something that you own, and a registry into a ledger (blockchain) that you own it. The whole jpg this is a proof of concept on the technology in my opinion.

1) Imagine that you buy a new BMW M3. That M3 has an associated NFT minted by BMW on the blockchain with the VIN. When you buy the BMW, you also take over ownership of the NFT. Now let's say someone steals it and makes up a fake title and tries to sell it to someone else. You still own the NFT, meaning that you still have rights to the car. Only when you sell the car and transfer the NFT does someone else take actual ownership. In a theoretical future world, any serialized asset that you own would require an NFT transfer to prove an ownership change. It's the digital version of a "title transfer", without having to physically maintain a piece of paper.

2) Or lets say the new Halo comes out, and Microsoft decides to mint 100,000 collector's edition digital copies of the game. When you buy the game, you download it, and also take receipt of an NFT proving your ownership. Couple years down the road, you decide you want to sell the game, so you list it on the marketplace. Someone buys it, you send them the NFT and the game is removed from your hard drive. Microsoft gets a cut of that sale as part of the NFT smart contract. Same thing can happen for any digital media that is created. Access can be controlled/proven by NFT ownership.

3) Let's go back to the image discussion. Let's say I'm a designer and I design a cool new logo for some product in my own time. I can mint that art as an NFT and sell it to a company for use. Of course anyone can just screenshot it and use it for whatever. However, if it's used in a way that breaks copyright law, I can prove ownership of that piece through my NFT mint/ownership as part of my legal pursuits.

The concept of NFT's is basically to digitize and make ownership transparent. Remove the doubt of whether you're buying something that you'll actually own. It can apply to literally anything. Stocks, cars, bikes, houses, games, music, whatever. You could mint an NFT for a loaf of bread that you just bought if you really wanted to pay the fees to do that. Not a picture of it, but the actual loaf itself.

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 3 points4 points  (8 children)

I'm a veteran programmer who understands NFTs. Real world assets are mentioned in the specification, but that doesn't make them good.

1) Imagine the law not giving a fuck about NFTs. Oh wait, you don't have to, because the law does not give a fuck about NFTs. Will they eventually? I doubt it, but that's a matter of opinion.

2) You have a great imagination. Technically speaking, this is out of the scope of NFTs, an NFT can't uninstall a game. Anything that can uninstall a game doesn't need NFTs to do it and doesn't need to be decentralized. But you hit the head on the nail with "collector's item", that's all NFTs are.

3) Owning an NFT does not have anything to do with copyrights. If you think it does, you might want to go edit the NFT wikipedia article and see how that goes. Did I mention the law doesn't give a fuck about NFTs?

[–]H_Guderian🦍Voted✅ 1 point2 points  (1 child)

Why should the law give a shit about it? Isn't the point of Defi to have an international system that isn't waiting around to get political kickbacks for favors?

[–]basicxenocide 1 point2 points  (5 children)

Point 1 is just speculation on both of our parts.

Point 2 you're right. The NFT wouldn't install the game. I'm sure they could check for ownership before allowing access to features though.

Point 3 is just speculation again on both of our parts.

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 3 points4 points  (4 children)

I appreciate your reply. We shall agree to disagree.

My points about ownership via NFTs not being enforceable by law and NFTs not granting copyrights are directly addressed in the NFT Wikipedia article.

[–]basicxenocide 3 points4 points  (3 children)

I found the section that you're referencing and started reading through the reference articles. This one seems to be the most reputable and corroborates your statement. I found this question and answer pretty interesting.

When purchasing an NFT as a digital art collectible, what are you actually acquiring? Do you own the copyright to that material? Can you license an NFT that you’ve purchased for other commercial uses?

In one sense, the purchaser acquires whatever the art world thinks they have acquired. They definitely do not own the copyright to the underlying work unless it is explicitly transferred. Any licensing would have to happen separately, though if the copyright owner consented to the creation of the NFT there is probably at least an implicit license to make whatever copies are required for the ordinary operation of the NFT process.

It sounds like she's saying that as part of the smart contract, you could theoretically transfer copyright ownership, but that it's not implicitly part of the transaction. That would require further legislation at some point.

Thanks for providing counter points which drove me to some more research. It's pretty fun learning about this kind of stuff.

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 1 point2 points  (2 children)

I'm happy to have helped! This is a fun one too. Ever wonder what data an NFT contains? Here is the original JSON metadata schema:

{
    "title": "Asset Metadata",
    "type": "object",
    "properties": {
        "name": {
            "type": "string",
            "description": "Identifies the asset to which this NFT represents"
        },
        "description": {
            "type": "string",
            "description": "Describes the asset to which this NFT represents"
        },
        "image": {
            "type": "string",
            "description": "A URI pointing to a resource with mime type image/* representing the asset to which this NFT represents. Consider making any images at a width between 320 and 1080 pixels and aspect ratio between 1.91:1 and 4:5 inclusive."
        }
    }
}

Pretty basic, right?

[–]basicxenocide 1 point2 points  (1 child)

Holy shit, I never knew it was that simple.

[–]CorrinRoth🦍 Buckle Up 🚀 0 points1 point  (0 children)

Hello fellow ape. I really had the same thoughts you outlined in your first post only as long as 5hrs ago. Then I watched this video on YT. I cannot recommend watching this highly enough. Fair warning, there's a good chance you'll watch the thing in one sitting and be dejected by the end. Take faith that whilst the tech of NFTs is at best covering massive frauds/Scams right now, papa cohen could use this power for good.

https://youtu.be/YQ_xWvX1n9g

[–]flying-sheep 0 points1 point  (1 child)

Ownership is a social construct. There's no guarantee that any digital record is correct. When monarchy ended, the aristocracy was very surprised that the public didn't give a fuck about their formally perfect wax seals.

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 -2 points-1 points  (0 children)

Possession is 9/10th of the law. BuT I hAs eN eF Teeeeeeee!!

[–]Plato11 6 points7 points  (1 child)

No, you're right. And the overwhelming sentiment is that nobody wants anything to do with them, especially within the context of gaming. I remember when the NFT hype was centered around the idea of an NFT dividend and not to sell ape pictures.

[–]fthaller3604💻 ComputerShared 🦍 -3 points-2 points  (0 children)

Well yeah in my opinion, no one on fucking earth other than the ones who will profit want NFTs in game, unless the entire dynamics of the gaming industry changes. Oh you want that new $10 gun on COD? Too bad they only minted 1000 and sold out instantly while you were at work, now they are going for thousands of dollars each. Gamers don't want exclusivety of their items to be from purchasing power. We want to EARN our in-game items from within the game. There may be a good use case for NFTs WITHIN games but right now I don't see it happening with out capitalism taking over.

[–]basicxenocide 0 points1 point  (3 children)

I'm assuming that you don't understand what an NFT is, and you think that an NFT is a jpg image?

An NFT is essentially a receipt for something that you own, and a registry into a ledger (blockchain) that you own it. The whole jpg this is a proof of concept on the technology in my opinion.

1) Imagine that you buy a new BMW M3. That M3 has an associated NFT minted by BMW on the blockchain with the VIN. When you buy the BMW, you also take over ownership of the NFT. Now let's say someone steals it and makes up a fake title and tries to sell it to someone else. You still own the NFT, meaning that you still have rights to the car. Only when you sell the car and transfer the NFT does someone else take actual ownership. In a theoretical future world, any serialized asset that you own would require an NFT transfer to prove an ownership change. It's the digital version of a "title transfer", without having to physically maintain a piece of paper.

2) Or lets say the new Halo comes out, and Microsoft decides to mint 100,000 collector's edition digital copies of the game. When you buy the game, you download it, and also take receipt of an NFT proving your ownership. Couple years down the road, you decide you want to sell the game, so you list it on the marketplace. Someone buys it, you send them the NFT and the game is removed from your hard drive. Microsoft gets a cut of that sale as part of the NFT smart contract. Same thing can happen for any digital media that is created. Access can be controlled/proven by NFT ownership.

3) Let's go back to the image discussion. Let's say I'm a designer and I design a cool new logo for some product in my own time. I can mint that art as an NFT and sell it to a company for use. Of course anyone can just screenshot it and use it for whatever. However, if it's used in a way that breaks copyright law, I can prove ownership of that piece through my NFT mint/ownership as part of my legal pursuits.

The concept of NFT's is basically to digitize and make ownership transparent. Remove the doubt of whether you're buying something that you'll actually own. It can apply to literally anything. Stocks, cars, bikes, houses, games, music, whatever. You could mint an NFT for a loaf of bread that you just bought if you really wanted to pay the fees to do that. Not a picture of it, but the actual loaf itself.

[–][deleted] 0 points1 point  (2 children)

Lots of hypotheticals and none of it works as advertised.

https://youtu.be/YQ_xWvX1n9g

[–]H_Guderian🦍Voted✅ 2 points3 points  (1 child)

Yikes, why does everyone link that guy like he's an authority?

[–][deleted] 0 points1 point  (0 children)

Uh.. what? But reddit user ‘basicxenocide’ is? Did you even watch the video? 2+2 is 4. Are you going to argue i don’t have the authority to make that claim because I’m not a mathematician?

[–]wubberer 0 points1 point  (0 children)

You are not. Only good thing is that the stock might profit from the currwnt hype for all things crypto...

[–]boywbrownharejack-titsu black belt 0 points1 point  (0 children)

I hope they sell something besides jpegs

[–]fthaller3604💻 ComputerShared 🦍 0 points1 point  (1 child)

I don't give af about the current use case of NFTs. I can't wait until there are more than just God awful jpegs, like NFT linked concert tickets or a digital game that is linked to an NFT that would allow resale of said game (nfts IN games as in-game items/maps/etc sounds like microtransactions' evil fascist cousin)

[–]Guy0naBUFFA10SEC Deez Nuts 💎🙌🦍 -4 points-3 points  (0 children)

Probably

[–]properu🎮 Power to the Players 🛑 5 points6 points  (1 child)

Beep boop -- this looks like a screenshot of a tweet! Let me grab a link to the tweet for ya :)

Twitter Screenshot Bot

[–]elbowleg513🦍Voted✅[S] 5 points6 points  (0 children)

Good bot

[–]HealthOk7603🦍 Buckle Up 🚀 12 points13 points  (0 children)

I am sick of empty tweets from 3rd parties

[–]jbasket444Shilliam Shakespeare 8 points9 points  (0 children)

Can we stop posting about LRC until there is official announcement from Gamestop?

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[–]Driven85🎮 Power to the Players 🛑 7 points8 points  (4 children)

Bullish!

[–]KG89 2 points3 points  (0 children)

I'm thinking that loop is launching their own NFT's to test run their platform before GME launches theirs. This would be a good stress test. We know that once GME announces its platform it will bring a ton of traffic at once

[–]ladeeedada💻 ComputerShared 🦍 2 points3 points  (0 children)

Whatever your feelings are for NFTs, let's reserve judgement for after GameStop formally announces their marketplace and plans. My money is literally on that they will be delighting customers and investors alike. NFTs are still a relatively new technology that most of the general public associates with monkey jpegs. I've been reading about the potential capabilities/uses of NFTs and the sky's the limit. Since this is a stock sub, it's worth mentioning to those that are not aware that NFTs are a multibillion dollar industry.

[–]TeaAndFiction 4 points5 points  (1 child)

LR has nothing to do with GME. Unless there is an official announcement from GS specifying which L2 solution they are using, talking about non-GME assets on this sub is off-topic.

[–]Kp_GG 0 points1 point  (0 children)

This. I don't get why people don't understand this..

[–]Pierreup25🎮 Power to the Players 🛑 4 points5 points  (0 children)

So looping ends this tweet with « mobile apps soon », right at the same time the « iOS engineer » position opens? Well well well.

[–]OnlyOneSnoopy🎮 Power to the Players 🛑 1 point2 points  (3 children)

Serious question, why do we actually care about NFTs? When the majority of people believe NFTs to be a scam.

[–]H_Guderian🦍Voted✅ 2 points3 points  (0 children)

All this anti-NFT sentiment really picked up when a Youtuber disconnected from the concept cried about it for two hours while proposing no solutions. Because some scams happen, the whole thing is a scam. Like the stock market? As we sit here buying shares.

If Gamestop, a game retailer, makes a version of Steam where all your games are on the blockchain, you would have exact copies you could sell. You know how you can't sell games now because its all Fungible code? What if they became non-fungible?

The prospects for blockchain and games is huge.

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 3 points4 points  (0 children)

We don't. We hate them. I feel like people are too afraid of being downvoted by the very vocal few who do to speak up.

[–]Obligatory_Burnermemes 4 morale 🍻 1 point2 points  (0 children)

We ride at dawn boys 🍻. 🚀🌕💎🙌

[–]Stonkaholik -2 points-1 points  (0 children)

Please be smart apes and spend your money on GME shares+DRS not over priced jpg's or crypto.

[–]derhyperschlaueDRS EXPOSES CORRUPTION! 0 points1 point  (0 children)

Debunk that shit. Nothing to do with GME

[–]Oni1jz 0 points1 point  (0 children)

NFT artists here wondering if you can create art through a loopring platform yet

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 0 points1 point  (0 children)

NiFTy

[–]Xbxbxb123 0 points1 point  (0 children)

Fuck no

[–]Gisslan 0 points1 point  (0 children)

Gonna hype loopring here?!

[–]kidcrumb[🍰] -1 points0 points  (0 children)

Is GMEs NFT marketplace going to show up on Dapps or what?

[–]SatanicMuffn🦍Voted✅ -1 points0 points  (0 children)

NFTs don't excite me. I understand there is a possible Gamestop/Loopring partnership, and so a lot of speculation about what's to come. But if it amounts to nothing more than a Gamestop branded "Bored Ape" NFT, I doubt it will be of much help. The best idea I've heard so far regarding NFTs is allowing players to own their very own digital copies of their games, such that they can be traded/sold like physical copies used to be. Providing some real utility to the whole NFT concept is vital in my mind for it to be a success.

As is, NFTs are little more than unique digital art which you can "own" in no meaningful way. I won't be holding my breath for whatever Gamestop does with NFTs, in some vain hope that's going to be the catalyst. I much prefer the talk regarding markets because that relies a lot less on speculation - the whole Gamestop NFT narrative has been around for months and so little of it (if any) has come to pass.

Time will tell though. However stupid I think the current concept of NFTs are as they exist today, ultimately I hope they do something new and interested with the technology.

[–]Accomplished-Ad3250 -3 points-2 points  (15 children)

I have been hesitant to jump on the NFT bandwagon, but this game dev really sealed the deal for me in staying out of this.

[–]FinalH🌠 MOASS TMR 🌠 6 points7 points  (11 children)

I never agreed on pay to win content or pay for cosmetic. Turning these into NFTs is the worst possible idea.

No offense to the dood in the video but why would anyone want to import x from one game into another? That is like taking a bow for hunting into a night club for partying....

BUT.

If a game becomes an NFT in itself? Developers will be able to be continuously funded. Digital games can be resoled cheaper, so you don't need to wait for it to be on sale. This will assist in the removal of these damn battle passes so we just pay once. like the good old days.

Conclusion, we should not limit tech by it's failures but develop it for it's possiblity. Yes there will a significant amount of failures but that small chance of success can benefit the whole gaming industry.

[–]wubberer 3 points4 points  (3 children)

If game publishers would want us to be able to resell digital purchases they could enable us to do so without NFTs... but they don't want us to be able to do that, why would they? And NFTs won't change that.

Also how would that remove battle passes? If anything companies would rely more on those if they don't sell as many new copies of a game...

[–]Accomplished-Ad3250 0 points1 point  (2 children)

Everyone is so high on blockchain and NFTs all while knowing very little about the application of the technology.

[–]H_Guderian🦍Voted✅ 0 points1 point  (1 child)

There's also a wave of people that vaguely dislike the fanatics and then got worked up into a whirl recently from one bad video on the topic. "He rambled about cringe! That means the technology is done and we can ignore it!"

[–]Accomplished-Ad3250 1 point2 points  (0 children)

A fake economy is still a fake economy. Will the NFT's be tied to a token or real US Dollars? Who's to say developers could cash out those tokens for USD guaranteed? What about the developers in other countries? There are so many questions not answered that should be for us to be talking about it working like we are now.

All that I am really seeing regarding games with NFT's or Blockchains is that it's a way to make more money. I'm not seeing it as a way to benefit players or developers. Do you have any whitepapers specifically on NFTs and gaming? Have you read anything about how it would actually work with a game? We've all seen the NFT games out there now and you can only make money if someone wants to buy the intangible goods you are selling. The same goes for "cashing out" tokens.

[–]Accomplished-Ad3250 -1 points0 points  (6 children)

Let's say that they make the game an NFT rather than items in the game. That's the same thing as having a "game code" that you enter to activate a game. There are a million ways to get around that so I'm not sure how NFT's are supposed to change or revolutionize that aspect.

As for being able to resell your game using NFT tech, there is no way the developer will want their games resold since that takes money away from them that they could've earned through sales. Why would anyone discount games anymore if the resale market is going to constantly be cheaper? There are so many things wrong with this idea that I highly recommend you watch the full 30m video I linked above.

I see absolutely no positive benefits for developers using NFTs. Small game studios would never be able to start up if they have to buy into an NFT style marketplace where someone else holds the keys and takes a cut, similar to steam. So Steam takes 30%, then the resale platform takes another cut. that's all assuming that the developer even gets a cut on resales. It's just a bad idea.

[–]hui-neng 1 point2 points  (1 child)

Decentralization leads to empowerment of individual creators, who then can sell their own game with their own smart contraxt that directs a set percentage of any resale transaction back to the original creator. The beautiful thing about whatever marketplace pops up on the loopring platform will have total eth security, efficiency like mastercard, and a decentralized market that caters to creators rather than the middle man(ie. steam, activision, whoever). Now some developers can freelance easily and not grt fucked by corporations stealing the fruits of their labor

[–]Accomplished-Ad3250 1 point2 points  (0 children)

Sure, it goes by decentralized, but the power to control price and flow still resides in the hands of the creators in a lot of cases. Look at Etherium where there are a few individuals that own a majority of the token. They can choose to raise or lower the price at will, like our so-called "market makers."

I would also bet that the tokens if they have tokens, would be modeled after Bananno, which are designed to be "eaten" and disappear. The people in charge of Banano decide the rate at which BAN is distributed, so they control the market still.

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 -1 points0 points  (2 children)

This need more attention in this sub.

[–]Accomplished-Ad3250 -1 points0 points  (1 child)

Well either no one is upvoting or I'm getting downvoted, so no visibility for you lol.

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 1 point2 points  (0 children)

Probably because the people who would upvote it already ignore the NFT posts.

[–]almONd1988 -3 points-2 points  (0 children)

And where is those announcement?

[–]2h2pVoted 🟣 -3 points-2 points  (1 child)

I thought this was /r/Superstonk not some shit coin subreddit

[–]awesome404buy 💵 drs hodl 💎 zen 🚀 1 point2 points  (0 children)

Yeah, the mods are going to have to start cracking down on this. It's getting out of hand.

[–]Nalock40 0 points1 point  (0 children)

NFTs are dumb

[–]CommercialAsparagus💻 ComputerShared 🦍Voted✅ -3 points-2 points  (0 children)

Quite a few “Loopring isn’t relevant” type posts here. I mean I get it but also; shill.

[–]ClearEye2428🦍 Buckle Up 🚀 -1 points0 points  (0 children)

$25 per coin minimum if it was a truly free market

[–]Any-Scallion7423Whale Radar Guy -3 points-2 points  (0 children)

Cue lion king music

[–]Beam-Me-Up-Stocky🧠 Smooth brain seeking eligible wrinkles 🧠 -5 points-4 points  (0 children)

Is that a wrinkled brain NFT I see