KLXVER said:
PAOerfulone said:
Ok, I here all this backlash and craze around NFTs.
And I'm the one guy who has no idea what the hell an NFT is.
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I dont either. Tried to read about it, but only became more confused...
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Here's a video that breaks it down:
Ubisoft Quartz NFT Announcement Was So Mass Disliked That The Trailer Got Delisted - YouTube
Here's an example of how an NFT can be exploited in gaming. The average microtransaction skin is somewhere between $15-$20, which is insane as it is. If Ubisoft sees a certain item gains insane popularity, they can synthetically raise the value of that item to where instead of spending $15 for a skin, you're now paying $80. And all of this is backed by a specific cryptocurrency that Ubisoft implemented into their system, and they're making a ton of money off of all these sales.
In CS:GO, it's so out of control with knives that can run you around $1000 in the Steam marketplace. And that's without Valve's intervention because it's just being paid for by whatever you put in your Steam wallet, but NFT's have real monetary value, which is Ubisoft says players will become "stakeholders" in their games.
Last edited by G2ThaUNiT - on 17 December 2021