“It would be great if people had to buy more of the thing,” says guy who makes money selling the thing.
I thought GameStop was going all in on NFTs and bragging about how it was going to revolutionize the gaming space because you could be more “invested” in the things because you really “own” (hahahaha, fucking as if) your own copy.
Oh, wait, *checks notes
They totally are winding that down and going “whoopsie doodles!”
Ryan Cohen making a quick spin because he’s a fucking idiot, and the only thing he has to sell is an “idea” of a company that respects its consumers. GameStop ain’t it Superstonkers. This guy literally went from “You’ll be buying all your games as NFTs at GameStop” to “Errm, yeah, we need physical drives, you know for the gamers, not so we can continue ripping people off with used games.” What a fucking joke. He didn’t care about physical media six months ago because he was all-in on NFTs.
GameStop gonna get Toys ‘R’ Us’d hard. If this is the best Cohen’s got right now, they’ve got nothing.
The regulatory environment isnt doing the NFT-based game ownership model any favors.
NFTs and how they only hold enough data to point to a URL aren’t doing the model any favors. NFTs have been a joke since they were initially released. They don’t show ownership of an item, they show a re-direct to a URL where an item you might be able to claim is yours exists.
The people who bought into the idea of “smart contracts” in NFTs got taken for a fucking ride. There’s simply not enough BITS to be able to store such data within an NFT. The best they can do is a URL.
Yeah I dunno man. NFTs at least allow for a softening of the walls in the garden. The potential is there for fun and interesting ideas like interoperability between games and game assets, and 3rd party platforms for buying, selling, and interacting with games and game assets.
At minimum it’s a combined digital proof of purchase and login credentials that you can custody yourself and transfer/sell at will without being forced to do so through the makers’ infrastructure.
People shitting on it seem to default to an oversimplified idea of what they are and can be, and a bad faith superiority on top.
That’s not something I get down with. I like new tech. I like experimentation. And I like seeing where things go rather than assuming I already know.
