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[Spyxos]

Sega executive calls play-to-earn blockchain games ‘boring​

Sega executive calls play-to-earn blockchain games ‘boring’ | VGC

“What’s the point if games are no fun?”…

www.videogameschronicle.com

A Billion-Dollar Crypto Gaming Startup Promised Riches and Delivered Disaster​

https://www.bloomberg.com/news/feat...es-gave-ruin?leadSource=reddit_wall#xj4y7vzkg

Justin Bieber’s Bored Ape NFT was valued at $1.3 million in 2022—now it’s only worth around $60,000​

Justin Bieber's Bored Ape NFT was valued at $1.3 million in 2022—now it's only worth around $60,000

A Bored Ape Yacht Club non-fungible token (NFT) acquired by pop superstar Justin Bieber has lost around 95% of its value over the past year and a half.

www.cnbc.com

Sega Pulls Back From Blockchain Gaming as Crypto Winter Persists​

https://www.bloomberg.com/news/arti...crypto-winter-persists?leadSource=reddit_wall

Meta to wind down NFTs on platforms amid crypto bust​

Meta to wind down NFTs on platforms amid crypto bust

Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the crypto market continues to spiral.

www.reuters.com

 

[winjer]

It's close to dead.
But scammers will try again and again to push them out.
We have to be vigilant to avoid it resurging again.

 

[BennyBlanco]

Feels like they’ve been dead for a year. It was always a really dumb idea.

 

[StereoVsn]

Glad to see it happen.

That said, I don't think it's dead, the hype just died out. The stupid Ape NFTs are still "worth" thousands of $, sometimes $tens of thousands.

It's going to continue to chug a long and grifters will continue to grift.

 

[CGNoire]

It will be Rebranded amd Repackaged over and over again along side Web 3.0 until the younger generation has been dumbed down enough by Tic-Toc to fall for it.

 

[Ammogeddon]

Yep, the investors have moved on to ai.

 

[Kazdane]

I certainly hope it is, luckily, it never looked like the public in general saw any appeal on that idea (personally I found it extremely silly).

 

[squidilix]

Meanwhile în Square Enix....

 

[Guerilla Munch]

brb, buying the dip

 

[Lupin3]

Justin Bieber’s Bored Ape NFT was valued at $1.3 million in 2022—now it’s only worth around $60,000

Valued... out of their asses.

 

[Bo_Hazem]

Was it even alive? It was a scam to money launder some dirty cash between some criminals.

 

[RoboFu]

I understand overall what they were trying to do which was okay but the way they were going at was not okay

What’s okay:
to purchase digital content you own and can sell. Like buying and selling and digital game.

What’s not okay:
Selling a single weapon skin or jpg to one person to artificially inflate value.

 

[Mr Hyde]

Square Enix be like

 

[kvltus lvlzvs]

Sadly, the damage has already been done and Nvidia realized they could artificially inflate their gou prices because consumers are willing to - nay, damn near horny for - getting fleeced.

I actually just cashed out all my crypto. I had a bit of passive income from it - 2 or 4 dollars a day, depending on the market - but it isn't worth pissing off the IRS over.

The thing to remember about crypto is that every dollar you take out, is more or less someone else's dollar. Cryptos exist because people stick money in them. Convince a bunch of normal folk on Twitter to invest in doge, and then you can take out your holdings for massive profits, etc

As long as it's pegged to fiat, the notion that it could create abundance for all is null. Sadly, historically, anyone who decides to buck the fiat banking scheme and use metals gets killed real quickly. Pretty sure Gaddafi was the most recent example.

That being said, all I want is a non shitty gpu but that won't happen because the crypto meme got replaced with the ai meme, which seems to be even worse for consumers.

What will be very interesting to see is what happens when the brics countries begin to use Bitcoin alongside their precious metals backed banking system they are rolling out.

 

[Robb]

Let’s hope so.

 

[poppabk]

I'd say it is more likely heading to where it could actually be useful. Once that $60000 jpeg hits $6 then we might have some useful technology unburdened by rampant speculation and manipulation.

 

[Thick Thighs Save Lives]

I want to say yes but you never know with all the web 3.0 shilling still going around.

 

[Skifi28]

I want to say yes but you never know with all the web 3.0 shilling still going around.

Old news. Web 3.0 has been abandoned for web 4.0 where AI makes dumb games for other AIs to play. No human involvement whatsoever, it's the latest craze.

 

[SportsFan581]

Valued... out of their asses.

Still seems like $60k to much. LOL

 

[MrStauf]

I can't understand why anyone thought this was a good idea..

 

[RoadHazard]

Sadly, the damage has already been done and Nvidia realized they could artificially inflate their gou prices because consumers are willing to - nay, damn near horny for - getting fleeced.

I actually just cashed out all my crypto. I had a bit of passive income from it - 2 or 4 dollars a day, depending on the market - but it isn't worth pissing off the IRS over.

The thing to remember about crypto is that every dollar you take out, is more or less someone else's dollar. Cryptos exist because people stick money in them. Convince a bunch of normal folk on Twitter to invest in doge, and then you can take out your holdings for massive profits, etc

As long as it's pegged to fiat, the notion that it could create abundance for all is null. Sadly, historically, anyone who decides to buck the fiat banking scheme and use metals gets killed real quickly. Pretty sure Gaddafi was the most recent example.

That being said, all I want is a non shitty gpu but that won't happen because the crypto meme got replaced with the ai meme, which seems to be even worse for consumers.

What will be very interesting to see is what happens when the brics countries begin to use Bitcoin alongside their precious metals backed banking system they are rolling out.

This isn't about crypto currencies though, but about NFTs. They are related, but not the same thing.

I've always been very skeptical of both, and would happily see them crash and burn. Just always seemed like an imaginary house of cards that only had a value because people decided it did. I guess that can be said about almost anything - it's worth what people/the market decide it's worth - but in this case there is literally nothing to back it up, it's fully "imaginary".

 

[Sushi_Combo]

Safe to assume it is ded.

 

[tmlDan]

it's not completely dead at this point, there are a ton of people who still believe in it for some reason.

I am sure eventually we will think of an intelligent use of the tech but art is not it

 

[Wildebeest]

It takes the games industry five years to react to trends with current production methods, so expect four more years of games where NFTs are absolutely essential to the design.

 

[akaFullmetal]

It's limping along, as some have said it will come back repackaged and probably take off in 20 years.

 

[baphomet]

It's been dead.

 

[GreatnessRD]

That shit was dead the moment it was created. Can't believe people were buying into that dumbass shit. Ya goofy asses!

 

[Kenneth Haight]

 

[flying_sq]

I'm not a fan of it for art, but would be fantastic for purchasing digital games.

 

[Rayderism]

I've always assumed NFT's was an experiment to assess the gullibility of people.

 

[Sleepwalker]

They're in a bear market but when the markets in general are more risk on the ugly corpse of NFTs will rise from its grave and the cycle will start anew.

 

[Sgt.Asher]

I wonder where the bagholders went? One or two would show up to defend NFTs

 

[M.W.]

Was it ever really alive?

 

[ReBurn]

No. We haven't even seen its final form.

 

[Griffon]

It was fucking stupid.

 

[StueyDuck]

Was it ever really alive

Edit:beaten

 

[funkygunther]

yes and Folding Ideas killed it

 

[joeygreco1985]

NFTs were always a scam

 

[The Stig]

I bloody well hope so!
Me when I get approached by someone trying to get me to consider NFTs:

 

[funkygunther]

cool gif, I'll give you $30,000 if you write on a bit of paper that I own it

 

[Evil Calvin]

Glad to see it happen.

That said, I don't think it's dead, the hype just died out. The stupid Ape NFTs are still "worth" thousands of $, sometimes $tens of thousands.

It's going to continue to chug a long and grifters will continue to grift.

But why? it's just a JPG of a fucking ape.

 

[MrTroubleMaker]

not yet, but hopefully soon

 

[Aenima]

Not yet. But seems more and more ppl are abandoning the idea of NFTs and hopefully is dead soon. Luckly in video games NFT never managed to stuck cuz gamers voiced they disdain for the business model since day 1.

 

[The Stig]

cool gif, I'll give you $30,000 if you write on a bit of paper that I own it

 

[Pantz]

Still seeing adverts for NFT in fighting rings and stuff

 

[Trogdor1123]

Have they ever verified those claims that it was used to launder money?

 

[Innoculis]

I'm not a fan of it for art, but would be fantastic for purchasing digital games.

Exactly my thoughts. Would allow resale of digital games etc…

 

[StereoVsn]

Exactly my thoughts. Would allow resale of digital games etc…

You really don't need NFTs/Blockchain for that.

 

[Innoculis]

Exactly my thoughts. Would allow resale of digital games etc…

I concur…was trying to think of the positive possibilities NFTs could bring haha.

 

[funkygunther]

You really don't need NFTs/Blockchain for that.

yeah if companies wanted you to do that (they don’t) they could facilitate now with a simple marketplace