We did it, guys!
Some community members claimed to have spent tens of thousands of dollars on the project. “I spen[t] like 25 eth at 3k” wrote one. “I spen[t] 250k” shared another.
If true, then they’re dumbasses,
NFTs are a honeypot for dumbasses.
But these are NFTs! You own them so you can just use totem in another game. Right?
At very least I assume you have a nifty tchotchke you can display on a shelf.
Well, you know what happens when you assume.
There is no guarantee that your NFT will actually be available since almost all are stored on some web site and not on the block chain.
I think the definition of a NFT is a URL stored on the blockchain. The thing the URL points to is on a server, of course, generally a HTTP server, and you don’t even own any rights to that unless there was a separate license grant.
The NFT is a token stored on the block chain. One could store an actual image on the block chain but costs to do so increase with size so almost everybody stores a URL to point to the object instead of storing the actual object on the chain.
Yeah, in theory, I guess, I just think no one ever does store anything but a URL, so the purchaser has bought a mere address. I don’t even know if there’s liability associated with the URL going away unless there is a separate contract that asserts a right there.
My sarcasm was directed at the pointlessness and lack of underlying value.
At least if you’d paid for a super deluxe extra-elite going-to-the-moon collector’s edition of an actual game that shut down, you’d still have the artbook, music CD, whatever physical crap.
Nope, because they bought a hash that points to a place where there’s a URL, they never had an image at all. As long as the URL persists, they still have what they ever had.
I wonder if in-game NFTs have maintained any value. Most “real” (cough!) NFTs have not:
Oh, Ubisoft, you tried…
“now” worth $0.
I wonder if they ever got use in more than one game.
From somewhere else:
The headline is misleading because it used the wrong word. NFTs were always worthless. 95% might now be valueless.
Hey, there was a time these tulips were worth more than my house!
It’s kind of funny/scary going back through this entire thread for all the CEO promises.