Meanwhile at Square Enix... SURPRISE MECHANICS (MERCH): www.yongyea.com PATREON: www.patreon.com/yongyea TWITTER: twitter.com/yongyea TOP PATRONS [CIPHER] - Joseph Lavoie - Mick [BIG BOSS] - Coopster - Devon B - Jonathan Ball - Sarano [BOSS] - Charlie Galvin - Gerardo Andrade - Michael Redmond - Peter Vrba - Time Dragonlord [LEGENDARY] - BattleBladeWar - D Kurtti - TacoBell Call911 - Theron Webb

@bryhtflow8306

2 жыл бұрын

.

@Tyberzen

2 жыл бұрын

.

@trooperstallion

2 жыл бұрын

.

@deadcelll

2 жыл бұрын

.

@maus6280

2 жыл бұрын

.

You know something is scummy when EA won't even go near it. They atleast knew this whole nonsense wasn't worth even attempting. Square enix and ubisoft on the other hand...

@hatredhyde

2 жыл бұрын

Theres different between Smart Greedy company and Blind Greedy company

@IsraTheBlack

2 жыл бұрын

And Sega and Konami.

@hayato1886

2 жыл бұрын

Ea is scummy but somewhat smart. They at least realize when something is not profitable

@598019001

2 жыл бұрын

EA has a long history of scamming people, A scammer recognizes Scammers.

@Uncle-Cookoo

2 жыл бұрын

@@hayato1886 You have to give at least a little respect to the fattest flyable vulture. It's still gross to look at, but...

Seeing NFTs collapse a slow and painful death really does put a smile on my face. Hope you're watching Square Enix, this will happen to you if you continue to embrace NFTs.

@KentzHodiono

2 жыл бұрын

Lmao too late. They sold their ips already to Embracer. Now nfts are gonna die and all they can do is cry

@doomzilla3568

2 жыл бұрын

@@KentzHodiono Already knew that. Hopefully Embracer can do something with the classic franchises than what Square did crap on them.

@rileymachelle4088

2 жыл бұрын

They already sold some of their best IPs for handful of quarters and some lint so I'd say they're already hating themselves right now

@akiranatsume3501

2 жыл бұрын

We need a revival of NFTs and crypto so that men can afford to buy a home before turning 30 years of age.

@EJ_Red

2 жыл бұрын

They're probabaly trying to salvage the situation right now. Hell, I wouldn't be surprised if SE is on its hands and knees in front of Embracer begging for those IPs back behind closed doors.

These NFT-pushing millionaires and companies have been calling us all idiots from the start. The truth is most of us aren’t idiots. They just want to guilt trip us into falling for the scam. Once you do, they’ll congratulate you and pat you on the back, for being the idiot they wanted to make out of you.

Don't underestimate how fucking important this is, not only for the gaming landscape but also for the GPU market! Most of these fucking NFTs run on Ethereum blockchain and are directly linked to the fucking mining. If most of the miners go fucking away, we will have a normal GPU market again! And once again, a HUGE punch in the face of this trend has been delivered by Steam. Praise Lord GabeN my friends.

@Call_Me_Sparda

2 жыл бұрын

As a new member of the master race, Never been happier to be a part

@MudkipPog

2 жыл бұрын

Doesn't even matter if NFTs die crypto as a whole will continue to put stress on the computer market

@suicune2001

2 жыл бұрын

@@MudkipPog But they won't have anything to buy. People will hopefully start to realize how worthless it really is.

@suicune2001

2 жыл бұрын

Right! Bring back the GPU's!

@Varil92

2 жыл бұрын

@@suicune2001 exactly, NFTs were an attempt to make crypto appealing so that the first investors could earn millions inflating the market. Removing the NFTs and the “play to earn” games and the metaverse, and mining will start fading away.

NFTs never began. We just had a bunch of rich assholes and scam artists trying (and failing) to force the shit on us.

@USSAnimeNCC-

2 жыл бұрын

Well you always going to shave this problem since we live in a capitalist system always watch out and do fall for their bullshit or bullshit that are made to distracted us

@MundaneThingsBackwards

2 жыл бұрын

@@USSAnimeNCC- 'CaPiTaLIsM MaAaaaaaaAN' Meanwhile socialist countries are either starving or live in dispopian nightmares where greed has only been exacerbated, likely a combination of both as plenty in China live on rats and emaciated dogs. STFU commie and go live in a commune.

@xirochamber5863

2 жыл бұрын

@@USSAnimeNCC- all modern societies rely on basic capitalism. What we should be doing is trying to separate business from state.

@brobocops

2 жыл бұрын

Like Gary Vee

@ricardohoang8452

2 жыл бұрын

@@xirochamber5863 Like those rich assholes and scamming artists wanna separate shits lol

I've never heard a gamer say "man, I wish NFTs were in this game." Not ever.

@WizardosBoz

2 жыл бұрын

Sadly, I have

@tjenadonn6158

2 жыл бұрын

Similarly, I've never heard an artist say "I wish selling my work as an NFT was easier." All of the artists I know want nothing to do with NFTs, and the only people mentioning NFTs in relation to art are non-artist crypto-simps who want to use artists the way beef farmers use cows. Nobody actually wants NFTs to use them. They just want NFTs to get big so they can sell the ones they bought for a profit and get out. They exist solely to be sold from suckers to other suckers: they provide no value as a product outside of being sold. It's like a parody of speculation driven investing: actual money for nothing.

@tumppu1975

2 жыл бұрын

@@WizardosBoz I'd say that person needs to hand in their Gamer Card (tm)

@toshiroyamada2443

2 жыл бұрын

Back in the 90s I never heard a gamer say "ah man, I wish this game had 4k textures and a battle royale mode."

@christiancinnabars1402

2 жыл бұрын

Toshiro Yamada But you heard them say "I wish this game had better graphics and/or had more modes." So get out of here with your false equivalences.

I bet the gaming companies just got SO spoiled by telling customers "look over here... buy this it'll speed up gameplay... buy this you'll look cool in multiplayer... buy this you MIGHT get the character you want to complete your team" that they honestly thought they could do it just one more time. One thing about cons - you have to know when to cash out because if you push the mark too hard, they'll figure out the scam.

@theeldergeek7800

2 жыл бұрын

this is so backwards its scary

I hear it all the time that "we don't understand NFTs", oh believe me, I understand them. I just don't see the value in it. ESPECIALLY since people have incredibly high delusions when it comes to the tech. I'll take your NFT JPEG for instance. What happens when the hosting site of your jpeg goes down? You own a link in a decentralized database to a website hosting your NFT, the Blockchain doesn't hold your image, it holds a link. That centralized website, hosted on some platform, may go down. And if it does... Your link becomes useless. The Blockchain does not hold the data of what you purchased, just a receipt to the link of what you purchased. The problem with NFTs, is that it only works while the game/service is running. And if you think companies will allow NFTs to be transferred to the next game, you obviously haven't paid attention to sports games...

@TheGeekRex

2 жыл бұрын

I'll clear it up for you. The value in NFTs is that it's a very effective way to scam OTHER people out of their money. No matter what the cryptobros are saying, that's ultimately the goal: to get some OTHER sucker to take this worthless jpeg off their hands so they can flee with their money and never look back. They'll tell you as much in rare a moment of honesty or in the heat of the argument. They act like they're regular joes making an honest profit, but that's not the truth. You're dealing with the kind of person who sincerely thinks that if they can TRICK someone into giving them money, that's a fair deal. That if someone is enough of an idiot to buy this crap, they deserve to lose that money, and the seller deserves to rob them. It's in their best interests to specifically not tell the truth because that destroys the facade. It's confusing and opaque because they're trying to scam you, and if you knew the details you'd never fall for it.

@tbotalpha8133

2 жыл бұрын

It's like buying the proof of ownership of the original Mona Lisa, except you don't then get to take it out of the gallery it's housed in. And then the art gallery it's housed in burns down, and the painting is destroyed. And all the art galleries in this analogy are soaked in petrol and lit by candlelight.

@Dreznin

2 жыл бұрын

@@tbotalpha8133 Even then, you're not buying ownership of the Mona Lisa, you're buying the display case it's in. The NFT URL may not be changed, but the host could remove the image originally on the NFT and place an identically named image into the same location and as long as the URL matches, that is now what your NFT points to. So you think you bought ownership of the Mona Lisa, but if someone were to swap out the painting with a copy of goatse, you now own a display or early-2000s internet shitposting.

@WardenOfTerra

2 жыл бұрын

What? NFT's are downloaded to a device that you own. You can hold NFT's on your own hardware. That's the entire point of them.

@Xyler94

2 жыл бұрын

@@WardenOfTerra No, you download the JPEG, but without the Blockchain, you have no proof of ownership and scarcity. The N in NFT stands for Non, and if you can simply dublicate the NFT, it no longer becomes an NFT by very definition.

A classic case of endless supply, but no demand, leading to this massive depreciation. They really should have seen this coming.

@ricardohoang8452

2 жыл бұрын

Ah yes that short-lived scam 😆

@DanielFerreira-ez8qd

2 жыл бұрын

@@akatoshslayer7599 a single NFT might be unique, but considering the fact that they would keep making them for as long as possible means that the supply of monkey NFTs would be never-ending.

@stupendously_silly

2 жыл бұрын

@@DanielFerreira-ez8qd oh no, you explained the joke. You don't explain the joke! You never do that!

@GholaTleilaxu

2 жыл бұрын

@@akatoshslayer7599 And why would we want to pay exorbitant amounts of money for a jpg file?

@Lowraith

2 жыл бұрын

@@stupendously_silly I invoke Poe's Law. WAS Akatosh making a joke...?

NFTs in nutshell: _Evil cannot create, only corrupt._

@jadeparrishh

2 жыл бұрын

That’s humans as wel

@TheNzFox

2 жыл бұрын

I physically cringe when I see that 'quote', it was being spammed on the lord of the rings trailers which is the height of irony because its not even in the books, the closest is; “The Shadow that bred them can only mock, it cannot make: not real new things of its own. I don't think it gave life to the orcs, it only ruined and twisted them, and if they are to live at all, they have to live like other living creatures.”

@Janus-yv8zm

2 жыл бұрын

@@jadeparrishh yeah because humans have never created anything huh

@xcellentcreations3312

2 жыл бұрын

That's why I still have faith in Capcom, Disney, Warner bros, and Troy baker. They're still good people, they just got manipulated by these things

@deadprivacy

2 жыл бұрын

my favourite are the ones who bought the dmaina hurst nfts , they will nevr escape

I was really into NFTs last year, until I realized how easy and quick it was to make them…(5mins maybe) when I started minting my own is when I knew they were doomed, because the market would always be flooded with more NFTs on a daily basis than could be purchased and that’s not even factoring in people reselling ones they had already bought.

@Hauntaku

2 жыл бұрын

Yeah, it's a waste of time among other things. Oversaturation and a lack of general interest + the fact they are destroying the environment = a failed concept

@TheGeneratedNarukami06

2 жыл бұрын

@@Hauntaku Not to mention that the NFT's are scam's. So yeah, they are scam's that finally led to it's collapse.

@theeldergeek7800

2 жыл бұрын

what a terrible piece of logic. I was really into photography, until i realized how easy it was to take a photo, i can do it myself.

When it comes to most things, worth can actually be said: "It is worth something." That being emotional or money worth, that depends. When it comes to NFT:s, "worth" really comes with quote marks.

@TheGeekRex

2 жыл бұрын

When you ask what something is worth and the reply is "What is 'worth', really?" you should walk away immediately.

ANYBODY in any financial position that ever recommended investing in NFTs should be fired instantly. If they're THAT stupid, they can't be trusted with any amount of money.

@drawgam2946

2 жыл бұрын

Sadly a lot of people with financial position care more about the profits of the company instead of the client. like when you let a bank invest your money it can take years and years to make decent profit or any at all.

@Arrakiz666

2 жыл бұрын

Most of them are illusory guru "entrepreneurs" so there's nobody to fire them, they're their own bosses. And why do you think that is? Nobody in their right mind would ever employ Gary Vee, any employer having a 5-minute conversation with the man would instantly understand he's a smoke vendor, and those don't make good employees.

@MathMagician93

2 жыл бұрын

@@drawgam2946 Erm, yes, that would be because sensible investments take their time to pay dividends.

@dragontyron

2 жыл бұрын

Thing is, for investment firms and super rich independent investors, crypto _does_ tend to be a good investment. They have the capital to get in and out with relatively low risk. In fact, they're more often than not the ones engineering the pump-and-dump. It's a train of rich people making each other richer off the backs of fooling the less wealthy into thinking they can get rich too.

@JobiWorld

2 жыл бұрын

If you don't know what your talking about don't comment at all . I own nfts backed by physical assets held by brinks security that have increased in value 100x and still are appreciating in value . You don't think that's a good investment buddy , your clearly not an investor of any sort . You invest in big Macs I can tell .

Watching out of touch billionaires lose money from their own greed and buffoonery never fails to make me smile

@JoeTAC

2 жыл бұрын

Love your username.

@ShadowGhostHD

2 жыл бұрын

Aaauuuuuuuuuuuh

@caiooca5793

2 жыл бұрын

What about middle class who lost their college money?

@EdwardDragon96

2 жыл бұрын

@@caiooca5793 I doubt that any middle class bought jpegs for 2,2 Million $.

@jaakkovahanen

2 жыл бұрын

@@caiooca5793 Make dumb choices, get dumb rewards.

I love how the news article puts decentralized finance in quotations, as it absolutely should be

"Interest in NFTs and Metaverse is falling fast" - Was anyone every interested in the metaverse??? NFTs sure but the metaverse garbage? That said, I would give it say 2-4 years and NFTs will probably be a hot topic again

This is sooooo satisfying. Just yesterday one of my old classmates who is a "millionaire financial life coach" selling "classes" to people to teach them how they too can be "millionaires" posted how she's excited to learn more about NFTs as another "great high-growth investment." The timing is just precious.

@kriskater

2 жыл бұрын

Those people make me sick 🤢

@NaudVanDalen

2 жыл бұрын

The people buying those classes probably end up losing a lot of money while she's earning a lot of money by selling those classes. It wouldn't surprise me if she doesn't even own any NFT or at least not many or expensive ones and just earns money by selling those classes.

@AsteroSloth

2 жыл бұрын

Not really though. They got to just watch from afar with us. I hope they pull through so we can make fun of them :>

@luichinplaystation610

2 жыл бұрын

Pshhh tell her nothing, also you could invest in her downfall you win something more while it happens

@HowToChangeName

2 жыл бұрын

Thats basically opening mortgage just before housing crisis but much worthless

As someone who has found some of his art in Open Sea once and took over two weeks for them to deal with my situation, you have no idea how much joy I have in seeing THIS market crash.

@tommiegfarnsworth3540

2 жыл бұрын

NFT's ?? I'll rather put my money in something profitable like Bitcoin.

@markluton2626

2 жыл бұрын

Successful people don’t become successful overnight. What most people see at a glance-wealth, a great career purpose is the result of hard work and hustle overtime.I pray that anyone that reads this will be successful in life.

@Patrick-oi4gy

2 жыл бұрын

You’re right the importance of multiple streams of income, unfortunately have a job doesn’t mean financial freedom and security.

@Henry_wally524

2 жыл бұрын

Investing in today is priceless because tomorrow isn't promised, trading Bitcoins,gold, silver and crypto secure a better Tomorrow.

@craigdawson29

2 жыл бұрын

Am investing in crypto now.. the dip is a clear sign for new investors to come in..This is absolutely the best time to buy and Invest.

These news deserve a giant, humongous, massive *"TOLD YOU SO"* To all cryptobros out there. At last we have good news

@GarethOfByzantium

2 жыл бұрын

What do cryptocurrencies have to do with it.

@leinadlink

2 жыл бұрын

@@GarethOfByzantium crypto is also going down big time

@wiltheavatar

2 жыл бұрын

@@GarethOfByzantium nft craze allowed some of the big holders of crypto to cash out, cause some people cashed in to buy ntf. Nft and crypto are intrinsically linked now, whether u like it or not

I couldn't imagine being the a head of a gaming company and decided to gamble the entire companies worth on jpegs. Honestly every person who greedily dove on this train deserved what they got. NFTs was just gambling with extra steps all of which were moronic.

@theeldergeek7800

2 жыл бұрын

you are referring to the game system built around the technology, i agree, that current implementation is manily cash grabs. However NFTs WILL make their way into mainstream gaming, just not as their current incarnation

This feels like a fad. Like it went as soon as it arrived. What an absolute lowpoint in gaming. Thank god it was short lived.

@EskChan19

2 жыл бұрын

Eh not really. Fads are supposed to be extremely popular for a short time before dieing of. NFTs were never popular, except by scammers who wanted to make a quick buck with it. No average person ever gave a shit.

@shafta2010

2 жыл бұрын

Finally back to lootboxes an horse armour

@MisterSavage777

2 жыл бұрын

@@EskChan19 that's fair. I guess it was more like a cringe attempt at a fad and all they did was look like idiots.

@TornaitSuperBird

2 жыл бұрын

@@EskChan19 Technically speaking, the fact that NFTs were so widely known somewhat counts as a form of popularity, even if it's mostly negative.

@spritemon98

2 жыл бұрын

It was absolutely a fad

Earlier today I read an article about some frenzy over the weekend of people buying Bored Ape virtual real estate, and paying $6000 in fees to do so. And all their virtual property is already worthless. Its a beautiful day to be an NFT-hater.

@royedwards2366

2 жыл бұрын

I think you meant It's a beautiful day to be a sensible human being.

@quanchu81

2 жыл бұрын

You're correct. over $245,000,000 in sales within 2hours. Some even paid the fees, but failed the transaction and got nothing. Earlier today it was announced those that failed the transaction had their fees refunded. Its worth noting, ETH is known to be terrible with gas fees, but not all network chains have (mining) fees that high - some fees can be

@ShadowTwister28

2 жыл бұрын

I pray to Sky Daddy everyday that Bored Apes goes to bankruptcy, but I would hold your breath. Mark this: Like it or Not, Blockchain (and thus NFTs) and the Metaverse will be your new way of banking, Voting, Identification, Eduation and other basic society functions. Unless 5G manages to Fizzle out, There literally wouldn't have been another reason to Move legislative "Moutnains" to grant permission? The only thing that makes sense about Crypto even being something "everyone knows about" now Is the transition to the Digital Based economy. Where A.I, Robots, Algorithms and Drones replace Most of the working class, These bots will Pay each other. All this by 2030 At the latest. I say the "Party" starts up again for the stocks and Crypto in 2024/5 to hit an inflection point by 2030.

@augustday9483

2 жыл бұрын

I am convinced that the majority of the value moving back and forth is money laundering schemes. The rest is naive bandwagoners who thought they were gonna make it big.

@ricardohoang8452

2 жыл бұрын

@@royedwards2366 It's a beautiful day for not scamming

I liked one lawyer's description of them: "If there's no associated contract, then there's nothing to present in court. If there's nothing to present in court, then they're worthless."

NFTs in the form that they gained their notoriety for were never going to last. The tokens don't contain the actual artwork, just a link to it, and it conveys no rights to the artwork that it links to. Are there use cases for NFTs in gaming? Yes, but not in the forms that these companies have tried to promote. The uses where they'd make sense are going to be in things like security and transaction verifications - things that the customer isn't going to be interacting with and thus don't need to have promoted. The way companies have tried to advertise NFTs in games is pure greed, trying to get on a hype train that didn't even last long enough for them to get even the slightest bit of excitement.

@theeldergeek7800

2 жыл бұрын

THIS, so many times THIS. i wish more gamers would understand the underlying technology is brilliant. It's current implementation is horrible

Thank god, nothing like seeing the gaming industry eating crow for once.

@kritizismmusics9737

2 жыл бұрын

Praise god. The people has spoke with there wallets.

@godlynewbie

2 жыл бұрын

eating crow is a new one for me. funny that these companies pushing for nft garbage are getting screwed

@USSAnimeNCC-

2 жыл бұрын

Add crypto bros and hopefully their favorite celebrity Elon too Also I don't buy the Elon will make Twitter more free it just going to be the same shit or be worst dude has become a politician but one that run a company not a state

@KXZero

2 жыл бұрын

KFC- Kentucky Fried Crow. 🤤

@akiranatsume3501

2 жыл бұрын

Ah yes, the only avenue men had of being able to buy a home before turning 30 is dying, and you're happy about it?

Makes me happy that steam buckled down and banned NFT games on their platform too, we don't want them. We want to play complete games for fuck sakes.

@JohnnyShagbot

2 жыл бұрын

What the hell is an NFT game? I'm clueless as to how these companies were going to try making money with them.

@MTNDEWGANG

2 жыл бұрын

@@JohnnyShagbot Non fungible tokens, basically a digital recipept for a digital item (ex. Photos) and the whole gimmick of it is that someone can own that image on a block chain, and despite other people who can screenshot the image "it's not the same image, because the digital reciept says so". But people are using this "tech" mainly for scams and rug pulls.

@CORV3TT33

2 жыл бұрын

@@JohnnyShagbot Some of them seemed to offer a creature collect/fight thing, using the NFT creatures, but others, im not sure...

@JohnnyShagbot

2 жыл бұрын

@@MTNDEWGANG No I'm aware of what an NFT Is. I don't understand how one makes a fuckin video game out of that nonsense.

@ShadowGhostHD

2 жыл бұрын

@@JohnnyShagbot Selling you ingame items and area Plots. Look AT your precious Real estate you can liv..... Look perfectly.

The fact that this scam is named something that goes against its digital nature - in that it suggests "there can only be one owner" when the basics of it being digital means it can be copied literally infinite times and given to an infinite amount of people - makes me wonder if the inventors of the name had thought about the meaning at all or if they knew it's a complete lie.

@theeldergeek7800

2 жыл бұрын

how so?

@TheREALSimagination

2 жыл бұрын

@@theeldergeek7800 If I understand it correctly, the claim is that buying this "something" makes you the owner, but since it's digital, at least regarding pictures, people can just copy/paste it onto their computer for free and be just as much "owner" of it. The only difference is they didn't pay for it. Non-fungible means you cannot return it to get your money back or negotiate a substitution if you don't want that specific image or digital good, and if the file gets corrupted, too bad, you gotta buy a new one as it won't be replaced as part of the price. I realize most purchases function the way of the second paragraph unless special exceptions are made, so it's mostly the "pay-to-obtain vs. copy/paste-for-free" thing that I think is the bigger selling point that I reckon the inventors and sellers don't want you to think too hard about depending on what the product actually is.

An NFT is nothing more than a receipt saying you've bought something. No idea why people thought these would be a big deal.

I got friends who are into NFTs constantly trying to tell me how much it can help me as an artist. I told them we artists have been doing just fine without it ever since our ancestors figured out how to paint on limestone ten thousand years ago, why do you have the audacity to think that we need the help of something that’s only been there for a few short years and is already dying?

@palynodie5

2 жыл бұрын

What is your art media, and how do you sell?

@EJ_Red

2 жыл бұрын

You got a link to a gallery or something? Would love to check it out

@mastergecko1178

2 жыл бұрын

@@palynodie5 I’m on IG, same username as my KZread account

@ABRAsylum

2 жыл бұрын

I wouldn't be able to have friends that are that stupid lol. You need higher standards.

@GholaTleilaxu

2 жыл бұрын

Your friends are trying to tell you that there is/was? a market of greedy speculators and greedy noobs who buy .jpg files from speculators for $1000, $5000, or $10,000 a pop and try to resell them after a few days for $10 million.

Japanese EA sure made the right choice selling off all those beloved IPs to Embracer.

@EskChan19

2 жыл бұрын

Nah, that was Square Enix. They aren't great, but Konami is the japanese EA.

@Subject_Keter

2 жыл бұрын

Square wasnt doing anything with Legacy of Kane or those games.

@ProjectGameVerse

2 жыл бұрын

@@EskChan19 Konami is that bad? I guess you not wrong there considering what they did to Kojima and their IPs

@RufusM

2 жыл бұрын

@@EskChan19 Konami is in a league of its own. Square is absolutely Japanese EA. The way they classified successful games as failures due to unrealistic predicted sales is incredibly reminiscent of EA gutting Visceral Games after Dead Space 3 didn’t sell like it was a Call of Duty game. The only plus to Square is, when they almost killed IO Interactive, they had the decency to release them and let them retain the Hitman IP while Visceral Games died mid-Star Wars development. And don’t get me started on the amount of mismanaged, rushed, unfinished games Square has released over the past decade.

@freedantheeternal

2 жыл бұрын

@@ProjectGameVerse Dude, Kojima isn't even the tip of the iceberg for Konami. They're on record as demoting ranking members of design teams, like art directors, to janitorial duty as soon as the art of a game is "finished" and leaving new hires without even a computer to work on for weeks and then docking their pay for not getting any work done. Konami is very likely the worst company in the game industry (that we know of).

The asking price for most things NFT was also insanely, unreachably high. They didn't appeal to the common person (especially we just went through a plague and the economy took a hit) with the asking price whatsoever. What a joke.

I like to imagine the final scenes in Return of the jedi, when it shows all the regular everyday folks from all the different planets celebrating the demise of the empire.

Ironic, isn't it, that Square Enix sold their Western Division so they could try and make a move into the NFT apace, oh how i do love when a curve ball like this happens and spits in their face, life is good :)

@xandan1668

2 жыл бұрын

They gave up legacy of kain for this stupidity.

@Yarharsuperpirate

2 жыл бұрын

@@xandan1668 Hopefuly its in better hands now. With a publisher that will actually do something with it

@James-gj8rn

2 жыл бұрын

@@xandan1668 Tell me about it but Square Enix never cared about it anyway so maybe it will be in better hands now

@jogzyg2036

2 жыл бұрын

Shhhhhhh. Don't tell publishers that selling their IPs to studios who will make good games out of them is a bad idea. I would love more publishers to follow square enix's brain-dead decision.

@Ashtari

2 жыл бұрын

To be fair that division hasn’t put out a good game in a few years now.

Someone from somewhere described NFTs best: they're like receipts for groceries you recently purchased, but keep the receipts and leave the groceries behind

@Giratina871

2 жыл бұрын

Josh Strife Hayes?

@toblerone1729

2 жыл бұрын

Someone compared that to owning a marriage certificate but everybody has a go at your spouse while all you can do is watch

@TechMan042

2 жыл бұрын

@@toblerone1729 wow so buying NFTs is like being Jack Murphy

@ACE-si4ng

2 жыл бұрын

But you don’t understand I paid over 100 thousand dollars for this receipt!

@Islacrusez

2 жыл бұрын

It’s not actually that far off. The fundamental reality is that NFTs are receipts and nothing more. They are proof you paid for something, and the something you paid for is the receipt - for the right to say you paid for something.

My hope for the future is that it doesn't stop at NFT's. For this to continue until microtransactions and lootboxes are vivified too. I feel like that's a bit too much to hope for though...

Basically arguments i (B) experienced with NFT defender (A) : A: "Well i have the original.. " B: "So..? " A: "Well i have the original, something that used to be owned by... [Insert random influencer name] Blockchain not lie...nothing likes it.. " B: "Does It gonna improve your health? Does it feed you? Woman will aproach You because of it? You going to put it in your trash house? A: "it's all about exclusivity, this NFT will let you go to a yach party with fellow owner" B: "Will you go to a yach party that cost thousands of dollar just to go there? With what a pajama you use everyday? " A: you.. You.. [Proceeds to slurs]

Square Enix right about now: We have made a poor financial decision.

@spacebarisntworking7530

2 жыл бұрын

Imagine having to be the poor bastard who has to tell the execs.

@KittyKatty999

2 жыл бұрын

Considering how badly Stranger Of Paradise bombed in Japan, they might be in serious trouble as a company now...

@exceedcharge1

2 жыл бұрын

Also we tried to invest in NFTs

@Ferdoe

2 жыл бұрын

@@KittyKatty999 they have 14 lol

@maximillianlylat1589

2 жыл бұрын

Let them suffer

Square Enix selling highly regarded IP's on the cheap & throwing away 300 million into the collapsing NFT market... *I have to laugh!*

@petrolheadentertainment2620

2 жыл бұрын

For the IP's, it's their loss, and Embracer's gain!

@ldrockmusic

2 жыл бұрын

The deal was also to relieve Square Enix of their debt not just their IPs

@waterheart95

2 жыл бұрын

They actually made not that much profit on those ip, despite the big names. Square western studio actually sucked at budgeting and making a profit. Which is very important in the world of business. They also got rid of a lot of debt due this deal.

@bigskypioneer1898

2 жыл бұрын

You know who else will be laughing all the way to the bank? The Embracer Group.

@waterheart95

2 жыл бұрын

@@bigskypioneer1898 They actually have to make profit and manage the studios so another avengers tier failure doesn't happen.

I kept telling people that NFTs suck and that they were trending down in popularity but a lot of people choose not to listen to reason.

Funny how some Formula 1 teams picked up NFT Sponsors for this year´s season and now it´s all going down the drain. You love to see it😂

Historically SE has gotten into trends 3 years after they have already died.

@chillax319

2 жыл бұрын

Progress. Now they cam enjoy the agony before the end.

@Xfushion2

2 жыл бұрын

Reminds me when they tough they could be a movie company instead of a game one and blew over millions in two movies that bombed so hard it bankrupted them. They are still around because at the time Enix was a separate company and merged with them. They better invest those 300 millions into FFXVI, NieR, Dragon Quest or any IP of them worth a damn, because if not is gonna be history repeating itself and there's no new Enix o save them.

@elecman748

2 жыл бұрын

The CEO: It's the fault of the western division

@ricardohoang8452

2 жыл бұрын

@Asvolies Harvem Ah yes $144M will be spent for most shitty game publishings like the same Outriders, Babylon's Fall, the Avengers, Guardians of the Galaxy, etc. Only you goddamn smartass Square Enix fanboy can think of that picture of "fantasies" lol

@vectovai

2 жыл бұрын

@Asvolies Harvem We all want Yoshi.P to be the one in charge

This "fall of the NFTs" is honestly hilarious, people really don't learn how to identify a ponzi scheme

@bsbs6646

2 жыл бұрын

microtransactions are the same thing buying a nft to use in a vidoe game dlc was what they use to call them

@TheGeneratedNarukami06

2 жыл бұрын

@@bsbs6646 Yeah, and bottom line is NFTs and microtransactions sucks, along with greedy game companies. They basically ruined their reputation, especially Square Enix's ones.

@ccdimage

2 жыл бұрын

It's all fud bro, buy the new Tulip bulb nft. Honestly I expect an unironic Tulip nft was already minted.

@DigitalApex

2 жыл бұрын

Just idiots being separated from their money. Tale as old as time. Or at least as old as physical currency.

@MudkipPog

2 жыл бұрын

@@bsbs6646 no they aren't lmao

All I can picture is the hotel scene from dumb and Dumber where the bad guy opens the briefcase to find IOUs instead of money. "That's just as good as money sir. Those are NFTs.."

It's no different from the old tulip bubble of the 1600s. You're only buying it because you want to sell it for more later... but there's no inherent value in there. WIthout the belief that you can sell it to someone else for more later, there is no reason to want an NFT. As soon as the bubble starts to pop, that reason to buy is gone, which removes the demand for and therefore the value of the NFTs.

"Explain NFTs in a sentence or less." "It's a scam." "Scam or be scammed."

@akiranatsume3501

2 жыл бұрын

I got another answer: "Helping men move out of their parents' homes before turning 30"

@Ashtari

2 жыл бұрын

Ponzi scheme for the modern era.

@megasuperiordude

2 жыл бұрын

@@akiranatsume3501 Damn bro, you've been posting this in reply to several people now, have YOU moved out of your parent's house yet? Where's your millions of NFT-bucks bro? It's the same as buying lotto tickets, just because some random guy hit the jackpot and is set for life, doesn't mean you should dump all your money into buying lotto tickets like an idiot.

@KittyKatty999

2 жыл бұрын

@@akiranatsume3501 Ah, I see. So you *DON'T* want to help Women move out of their houses. Nice to know NFT bros are sexist like that. :P

@personman446

2 жыл бұрын

@@akiranatsume3501 I got a better answer: "Helping greedy, exploitative scammers line their pockets by tricking gullible fools into thinking that nfts have value"

NFTs were a great idea... for the opposite reason these companies were hoping for. They have almost single-handedly helped us players discover which corporations actually care about their playerbase/IPs and those that would burn their entire reputation and goodwill for a quick buck. For once, we didn't have to get burned by a purchase to find this information, just let some moronic executives display their true colors in several PR statements. I welcome the fall of both NFTs and every game-related company that invested into them.

@MisterVercetti

2 жыл бұрын

I, for one, love what's happening. Between this and the recent string of high-profile live-service failures, it's looking like AAA gaming is inching closer and closer towards an industry-wide crash that, quite frankly, is long overdue. Let all of the greedy studios and publishers burn, and let the handful of decent AAA studios and the indie devs build snowmen with the ashes and lead us to a new gaming renaissance.

@Fourtytwo4242

2 жыл бұрын

*EA getting sent to the caring table after calling NFTs stupid* "well..um..yeah..this is a first...." Obsidian:"didn't you like, murdered people?" EA: "ye-yeah..um.. I-I am just has confused has you." Waiter: "sir would you like love and support with nice glass of thanks today." EA: "u-um-ye-yes see I- um well- help!!!"

@TheGeekRex

2 жыл бұрын

I think it's less which ones care about their customers, and more the quick buck part. As mentioned, EA hasn't jumped in because as horribly evil as they are, they're not morons. They know their IPs are more valuable in the long (and probably short) term than NFTs. If anything this has been more of a measure of which companies have been secretly being run by unstable idiots all along.

@KobanWanko

2 жыл бұрын

@@TheGeekRex There are definitely more bad news than good at this point, but either way we are seeing the true intentions behind the fools who run these corporations laid bare. The only thing I'm worried about is that I might not have enough popcorn to last this entire dumpster fire of a situation. 😂

@theeldergeek7800

2 жыл бұрын

this is what EA SE and BLizz want you thinking.....welcome back to the cash shop friend, and buy this XP boost while you're here.

Dude running Square Enix be standing in his dimly lit office looking out the window with this news regretting selling all those IP’s.

I knew it, it's a similar scam like that made with coins 30 years ago and "retro games" occurring right now; both derived from the tulip bubble created in Holland some centuries ago. Karl Jobst made a good video about the "retro scam", it's unrelated (apparently), but the system is the same: early investors (generally rich people) make big transactions creating the impression of a profitable market, then common people jump in, the early investors sell their products at higher price and then the bubble explodes.

I just love how as soon as they sold the rights to tomb raider, legacy of Cain and deus ex is irony at its best

Now if only Square Enix can look at this and change their mind about NFT.

@ButFirstHeLitItOnFire

2 жыл бұрын

Or knowing our luck these past few years, they’ll abandon games altogether in favor of NFT’s out of sheer spite for all manner of consumer and common sense.

@nexusprime2487

2 жыл бұрын

They either go bankrupt on this or even more worse than their nft's is going the konami route.

@ButFirstHeLitItOnFire

2 жыл бұрын

@manny022 If Enix goes under, is it legal for them to take their IP’s with them without selling them to ANYONE? Salt the earth around their grave so to speak?

@Yarharsuperpirate

2 жыл бұрын

They won't. They are to blinded by the dollar signs that will never come.

@AngelDustSimp69

2 жыл бұрын

@@nexusprime2487 I guess that's why Square Enix is settings itself up to acquired by a gaming studio there's a good chance it could be Sony.

Anyone who has bought an NFT should not be allowed to vote in whatever country they live in, what dopes.

I recently wrote a journal article called "When the NFT Hype Settles, What Is Left beyond Profile Pictures? A Critical Review on the Impact of Blockchain Technologies in the Art Market"

Square Enix really played themselves this time. I give them the medal of stupidity, the highest reward a company can get

@aahzmandiaz2767

2 жыл бұрын

Imagine selling good game studios, to get more money for the NFT scam. They did really play themselves this time.

@romainrondeau4242

2 жыл бұрын

@@aahzmandiaz2767 seems it's more a recovery from Avengers 200m loss from what we've Seen so far.

@TheMaxCloud

2 жыл бұрын

@@aahzmandiaz2767 they werent using then anyways

@aahzmandiaz2767

2 жыл бұрын

@@TheMaxCloud That is very true. Sadly.

@charlescaulkins8306

2 жыл бұрын

I think the Darwin Award is a higher honor but the prerequisites are a bit different.

Tbh I'm grateful to Square Enix that they sold off all of those studios and IPs. Their greed has managed to do an impressive amount of good for the preservation and restoration of quality in Gaming. All by getting those IPs out of their hands.

I'm buying a cake that says "My Non-Fungable Tokens Got Funged!" so I can paste the meme to the net and then I'm celebrating the fall of this terrible idea with a party... ya'll are invited! roflmfao :D Oh and I'm using that NFT stock drop pick for the backdrop! :)

The nft circle jerk is crumbling. Who would have thought!? It's not like most nfts were just being traded between a few speculators creating a bubble. Right? The nft bros seem to think that artificial scarcity means value, they are ignoring the demand side and ignoring the fact that demand isn't one veriable but at least four (perceived value, perceived necessity, available income, and income confidence). If people don't see the value in something than they will not pay that much for it regardless of how scarce it is. Add to that growing economic insecurity and rising costs and your nfts are worthless.

The fact this came right after Square Enix sold off so many of their Western IPs to invest further in NFTs and the blockchain just makes this even funnier to me 😂 Hope you're proud of yourselves as your empire turns to dust, SE

@TrueDiox

2 жыл бұрын

Actually, it lasted just long enough to free those IPs from the sad, stinking carcass of Square Enix.

@TheGeneratedNarukami06

2 жыл бұрын

@@TrueDiox I would agree with it. What NFT's did to Square Enix was surely ruined it's reputation. Not just Square Enix, but Konami and Atlus also went greedy.

@thomaspurol9322

2 жыл бұрын

Implying Konami had any reputation left

@blinkonceonsunday1325

2 жыл бұрын

I've been a pretty loyal fan of Squaresoft, but I hate monopolies. I would rather see many independent gaming studios instead of a few companies buying up all the studios they can get their hands on. This has been a big problem with Square. I was happy to see them sell off some of their assets, but not because of NFTs. I want these other IPs to have a chance to thrive again outside of SE's shadow.

@WardenOfTerra

2 жыл бұрын

There's nothing funny about that. NFT's could end up becoming massive in Japan, as it fits their digital culture.

"We're going to the moooooon!" *Explodes on the launch pad, dies burning and screaming*

@KittyKatty999

2 жыл бұрын

*Crashes into the moon, ends up slowly suffocating due to lack of oxygen, no supplies, no hope*

@SA-mo3hq

2 жыл бұрын

@@KittyKatty999 *Misses the moon, gets gravity-slingshotted into deep space, slowly both starves to death and dies of radiation poisoning.*

The Bubble had to have burst at some point. What better time than now.

One of my favorite sayings Ive heard about NFTs lately was this: What does NFT stand for? Nothing Fuckin There.

Economics 101: price is determined by perceived value, available supply, and demand for the product. NFTs are fundamentally flawed in terms of this rule because NFTs are practically worthless in terms of physical value, are so numerous to the point of most being just copies of the same thing, and no regular person wants them. It is all like baseball cards: they have value to the people who personally value them (a.k.a. collectors), but are not worth anything elsewhere. At least baseball cards are respected as collector's items, but NFTs are not respected at all outside of their dollar value.

@klulu-kun

2 жыл бұрын

You can make a baseball card out of any material and have any famous person sign it with ink they touched. NFTs are always made from electrons/code and no one can touch it enough to leave a physical impact and even then could be replicated to the pixel.

@leefairweather5772

2 жыл бұрын

Yea, and NFTs are also bad for the environment. Not only are they useless they're actively fucking us over.

@quanchu81

2 жыл бұрын

I agree with your point. Its basically like a social status symbol among a circle of people who care. Like the Fortnite galaxy skin was a thing But also, value can be created based on the utility the NFT can provide. Some projects could send a physical item to represent the NFT or be used as 'proof of membership' to give holders a VIP treatment. sorta like patreons

@tjenadonn6158

2 жыл бұрын

@@quanchu81 Why would we need a super-scammy and environmentally disastrous thing that can be "sort of like Patreon" when we, you know, ALREADY HAVE PATREON? People aren't going to go with the objectively worse way of doing things just because it would hurt the feelings of you and your fellow crypto-simps if they went with the better one. Accept that you bet on the wrong horse and move on. NOBODY WANTS TO BUY YOUR UGLY APE JPEGS.

@johntaylor7029

2 жыл бұрын

It's like prices for art except it's even more subjective and more complicated and even easier to replicate.

The whole NFT thing may have been a huge waste of time and money but at the very least it gave us Saberfart

@SonicSanctuary

2 жыл бұрын

Ha yeah.

@drdean6186

2 жыл бұрын

Ah. A fellow man of culture i see.

@Helixneek

2 жыл бұрын

Truly the biggest gift they have given us

@cortd5273

2 жыл бұрын

Nioce.

@pututunik8748

2 жыл бұрын

is it available on youtube?

I just saw a guy with a license plate that read: NTF GUY I wanted to thank the guy for posting a warning to humanity easily visible to others.

Can't wait to see how those smug snake oil salesmen on Reddit will try to extrapolate why this happening is actually a good thing for the NFT market. And here. We. Go.

@theeldergeek7800

2 жыл бұрын

I'll give it a go: Because even those of us who like and support NFTs are tired of the amount of scammers in the space. We are aware that the opportunity afforded by the space, mixed with the lack of any regulation, makes it very easy to setup and run a scam. That there is a misconception on socials that crypto/nfts is "easy quick money" perpetuated by many who have an interesting in scamming or are invested into the space. It is a highly volatile emerging assest class, and is not a safe investment. lets assume you miraculously find the 10% of projects that is giving it a legitimate go as a business start up. well, like all startups it will likely fail. However, if succesfull you will get a much bigger ROI than through stocks, bonds, or traditional assests. A period like this is good.

NFTs themselves getting stolen? Sounds like they managed to completely miss the mark when they decided to call their Tokens "Non-Fungible"... Should have called them 'Fungible Tokens' instead!

I’m a solo indie game developer and I freelance, outsource and do contracts for other companies every week. You would not believe how many offers I get related to NFTs, blockchain integration stuff and all this other crap. I really hope to see the work offers lean away from that soon because I’ve declined just about every offer that has to do with them if I have to touch anything related to the topics.

@KittyKatty999

2 жыл бұрын

*Salute of respect*

@kolacao8134

2 жыл бұрын

How do you get outsourcing clients?

@AquariusBruh

2 жыл бұрын

Holy shit. If I was a professional artist working in the industry, I might have gone through the same thing.

@Hauntaku

2 жыл бұрын

@@AquariusBruh I've also been sent obnoxious emails and messages. Some people have also followed me just to try to get me to follow them. Those followers had "NFT" in their bios so I blocked them all.

Damn. You definitely convinced me, not to want this in anything. If these companies can get hacked, their NFT supporting games especially..then they painted a target on their own backs! When Square Enix comes out with it's first product...don't sign up right away (especially with your NFT's!) you'll just make whatever they steal from worth so much more! This gives new meaning to "Reap what you sow"!

Nfts were the bank account equivalent of natural selection. Now all my friends who invested in nfts wanna see my house. Likely surfing couches rn.

"NFTs died due to a miraculous new invention: The Screenshot." - Greedy Publisher Investor Actions 2022

@quanchu81

2 жыл бұрын

screenshot another players weapon/skin in a game. Their account owns it, your account doesnt

@tjenadonn6158

2 жыл бұрын

@@quanchu81 Digital marketplaces for in-game skins existed long before NFTs idiot. Ever heard of a little indie hit called TEAM FORTRESS 2?! Thriving for over a decade with zero NFTs and no plans to implement them. I swear to Gaben the people who argue the hardest for NFTs in games are always the ones who know the least about games and what has been happening within them. You're like a doTERRA lady trying to sell essential oils to actual medical professionals with access to actual medicine. We already have something far better than what you're offering, that actually gets better results than what you're offering, and that we've been using for years. Why would we throw that away in favor of your scam of choice that has no demonstrable benefits to anything whatsoever outside of your bank account?

@xelldincht4251

2 жыл бұрын

@@quanchu81 skins in a game and NFT pics are not the same

@quanchu81

2 жыл бұрын

@@xelldincht4251 the NFT is linked to the owners wallet address like a skin is liked to an account. Theres no proof the nft you screenshot belongs to you (listed on blockchain)

@tjenadonn6158

2 жыл бұрын

@@xelldincht4251 And before he compares it to taking a picture of the Mona Lisa and saying it's equivalent to owning the Mona Lisa: I haven't seen a single NFT-original "art" piece that was even close to the level of a Garfield comic strip, much less something like the Mona Lisa. NFTs aren't even good enough art to steal or forge: that's why NFT bros have to steal other people's art to use as their NFTs in order to keep people interested.

Square enix: can we get our ips back? Embracer group: "laughs in money"

Like you said, NFT's are corporations selling people NOTHING. No real benefit exists except to upgrade the quality of the pocket linings that corporate executives can afford. (And to increase payments to power utilities!) The faster that this market ends the better for everyone worldwide.

That sales graph is beautiful. Seems like the "market" crashed over the course of about one day. Absolutely fantastic.

At this point now, anybody who tries to continue with the NFT shit is just gonna make themselves into complete clowns. These game companies like Ubisoft and Square Enix hyped up that NFTs were the future and now it's all crumbling down because in the end it was just another crypto fad doomed to be lost to history.

@haruhisuzumiya6650

2 жыл бұрын

Someone give Sega the memo

@TheScarwulf

2 жыл бұрын

It’s not a fad they just using nfts for the wrong reasons

@bigskypioneer1898

2 жыл бұрын

Sunk Cost fallacy is at play here. Square Enix will probably triple down because they have no choice - they've put too much into it already. Same with Ubisoft.

@OzixiThrill

2 жыл бұрын

@@TheScarwulf What would the RIGHT reasons be for NFTs though? And by that, I want you to give me something that doesn't already have a cheaper, faster or otherwise better system.

@tjenadonn6158

2 жыл бұрын

@@OzixiThrill I've asked that exact question to dozens of crypto-simps and have yet to revive a straight answer. Even other classic speculation bubbles were based in something that at least had a practical use: housing has a practical use because everyone needs a roof over their heads, tulip bulbs have a practical use because tulips themselves are a high demand flower and one of the main agricultural products of the Netherlands, even the original Ponzi scheme dreamt up by Charles Ponzi himself was based in a quirk of the postal service that was basically that era's equivalent of international Forever Stamps. NFTs seem to be a case of the guys pushing them saying "You need them because we say you need them, they're valuable because we say they're valuable, and they're useful because we say they're useful" and expecting us all to follow along and feed the bubble without them actually demonstrating value or showing us any use cases. Just like how really shit movies go straight-to-streaming NFTs skipped the part where they were a legit technology/consumer good and went straight-to-speculators. They tried to play us for fools, and thus they became the first people to lose money by underestimating the intelligence of the general public. NFTs are the answer to the question "What does it take for a product to be too dumb to succeed?"

Yep got out of NFT(ecomi among other NFTs) last year because I saw no value into it. Now it's just sad seeing retail investors still hoping things will turn around(bag holders) and attacking anyone calling it scam, Oh well.

Imagine being an artist who joins a platform where there might be customers and it charges fees and does not promote you.

Reminder: Square Enix sold a bunch of IP properties for this market.

@unimprezzedmclastname4220

2 жыл бұрын

That's like an NFT Bro selling his car to get a worthless monkey JPG, except instead of a loser living in his mom's basement, it's a supposedly professional multinational company.

@KittyKatty999

2 жыл бұрын

Hahahahahahahahahahahahahahahaha!!

@kungfuskull

2 жыл бұрын

Really quite valuable and beloved IPs at that.

This just makes what Square Enix did sound even more dumb than it already was

This is so awesome - Reason: as many videos and articles I’ve consumed regarding NFTs, I still have no clue what NFTs are in a tangible sense. They seem to me to be literally nothing…like an idea that you purchase.

No way! I didn't know bubbles could burst!?

The company formerly known as THQ Nordic got some very powerful IPs at a bargain price. And they love doing re-releases and remasters of IPs they own-- like Darksiders and Amalur. If we see a Legacy of Kain remaster I'll be happy!

@Zhavyne

2 жыл бұрын

ikr, the thought of an updated release of LoK is exciting. I love Darksiders, as well, so when I heard the IP was in the general vicinity of it, I was happy. I was always disgusted that Squeenix had their nasty grip on LoK and the only things they did with it were shoving out a dead MMO and a thankfully-canceled piece of trash called Dead Sun.

@TotallyCluelessGamer

2 жыл бұрын

To me Square Enix selling off primarily their western IPs is nothing but a positive. They'll try NFTs, get burned because the market is already just a festering corpse, not have the sway and money to buy out a bunch of smaller studios and IPs, thus they have to focus on the things that built their empire initially while all of the IPs that were shelved because they lack the market appeal of Tomb Raider, Deus Ex and Final Fantasy finally have a chance to get some breathing room.

"A fool and his money are soon parted." - Thomas Tusser Never has this been shown quite as vividly as with NFTs. Gotta love them scrambling for scraps for their JPEGs!

@Hauntaku

2 жыл бұрын

Not even JPEGs. Just a line of code that says you own a JPEG

@TheGeekRex

2 жыл бұрын

@@Hauntaku I find it hilarious that they say it's the NFT that has the value, but nobody would buy an NFT if it didn't link anywhere. So by extension, it IS the implied "content" of the NFT that is really of value. And since the content is externally hosted, anything "valuable" about NFTs is, in fact, not decentralized. Also the blockchain and its contents are freely visible. You know that NFT that's all of that artist's work in a collage? You can go download the full resolution version right now, straight from the NFT.

3:10 "He bought this jpeg" No, he bought a receipt for a jpeg. He didn't even own it, he just owned the receipt. Seriously, take a look at how copyright laws work. The amount of false promises behind NFTs is astounding.

The problem with NFTs, as I see it, is that from conception to implementation, they are a very stupid idea. So, they probably first need to fix that problem before the whole thing becomes viable.

I would pay to see Square Enix's reactions to this.

@HOTD108_

2 жыл бұрын

And they would happily charge you

@AppleInk

2 жыл бұрын

@@HOTD108_ Exactly, lol

@KittyKatty999

2 жыл бұрын

"Oh DARKNESS WITHIN DARKNESS!! We are in deep DARKNESS now!" -Square Enix, probably

@MihaelGeng

2 жыл бұрын

SE: THIS IS FINE.jpg SE: "OK now fulfill your contract!"

The big problem is that companies want to FORCE these NFTs to be the norm. But they don't seem to understand that if something is unpopular and being forced upon people, it's more likely to be rejected and forgotten. Just like Metaverse.

So good to hear this!!!!!!!!!!!

I will also celebrate by taking a houghmungus Dab. NFT's are another tool to siphon even more money from the poor to the rich. Do well to remember all the celebs and musicians that shilled out this garbage to their fans.

@KittyKatty999

2 жыл бұрын

Can we please get a list going? I know the guy who played the male protagonist of High School Musical was involved in some kind of "Create AI Voices that can replace Human actors" project, which he seemed proud of. Does that count?

@fernandosalazar3366

2 жыл бұрын

@@AlexanderJoneshttps Serj Tankian suprised me but made me realize rich people will never understand.

@Derakkon2

2 жыл бұрын

@@KittyKatty999 Troy Baker backtracked after the backlash though

@USSAnimeNCC-

2 жыл бұрын

Never forget

@akiranatsume3501

2 жыл бұрын

You're actually happy that men can no longer move out of their parents homes before turning 30 anymore?

"BUT THIS TIME IT'S DIFFERENT" Said everyone who invested in a bubble at any point in history.

@Seraphus87

2 жыл бұрын

NFTs, the tulip of the 2020s...

@jogzyg2036

2 жыл бұрын

@@Seraphus87 But my Tulip has value real value unlike your stupid roses, you don't know what you're talking about bro, tulips are the future.

Attaching value to something that really has no value? What could possibly go wrong? Well, as long you sell the it quick before the cliff you're good. Problem is, you can't see the cliff and it whole system is unsustainable.

If you barely care about the “artwork” or product you’re investing huge amounts of money into, then why would you expect anyone to buy it off you for an even higher price?

I loving how Square Enix is regretting their decision to sell their Western studios 😆

The thing I love about games is that so many people can share the same experience, and work together to earn rewards and find Easter eggs. By making everything "non-fungible" in your game, I know the rare gold hammer is not going to drop from the end boss, because someone has already bought it for $100,000.

@Briggsian

2 жыл бұрын

Yeah, nothing would make me not want to play a game more than that kind of bullshit

@basthe90sman97

2 жыл бұрын

If this thing takes place in the gaming industry for real, I'll quit gaming for sure.

@hyperdreamsurfer9141

2 жыл бұрын

@@basthe90sman97 Support Indies that avoid NFTs

@theeldergeek7800

2 жыл бұрын

thats not how it works, you are equating poor game design with non fungibility. the ability to create non fungible tokens for gaming is great step forward. I fully agree it has been implement poorly across the board and it will be prob take years to get it right before they become the norm

@neoqwerty

2 жыл бұрын

@@theeldergeek7800 And here we see an NFT bro in the wild, attempting to lure preys to consume...

Thats the thing, you can only sell something if the market is willing to buy it. Its the market who ultimately decide if your product is a success or a failure.

I'm more amazed that ANYONE thought NFTs would take off. As far as scummy scams go, it's hard to get more blatant than NFT's. I wouldn't have fallen for such a scheme when I was ten years old, let alone now.

Funny that just recently Square Enix decided to sell their IPs to invest in NFTs. Big Brain move

@michaelcasiano9497

2 жыл бұрын

more like smooth brain moves HAH!.....

@cheemslord9917

2 жыл бұрын

i happy because we can get more good game

We all knew this was coming. It was only a matter of time before this trend was going to implode. As a word to all those NFT collectors. Great job Trash Collectors, I hope you are proud of the thousands of dollars that you burned. There were many warning signs before that you pretended were cases of stupid terms like FOMO & FUD that make you look so childish. When you are all done playing make-believe, feel free to join the rest of us in the real world.

@mandela7147

2 жыл бұрын

Honestly you cpuld probably play the market knowing it would collapse. Alot of people become rich quick in the start of all of these bubbles usually grifters

@Harkz0r

2 жыл бұрын

@@mandela7147 Too bad you can't short NFTs eh? But you're probably right. I also see a lot of shitcoins that explode in the first few hours to few days which probably creates a few intensely profitable individuals and a whole host of bagholders. Don't trust myself to get involved in any of those rackets though, and I have far too much self-respect to humour the prospect of shilling something solely for the sake of creating a Ponzi scheme.

@dartz005

2 жыл бұрын

@@mandela7147 That's very true. And a grifters "best friend" is someone who blindly follows any copy and paste Trash Collection scheme. Just look at all the dumpster fires like Earth 2 and its brethren. Projects that have no originality just cannibalize their rivals user base, and die when the "market" collapses.

@KnakuanaRka

2 жыл бұрын

I agree with FUD, but I thought FOMO was mostly used by NFT skeptics talking about what motivates people to get into the market.

@dartz005

2 жыл бұрын

@@KnakuanaRka That is true in the beginning but nowadays it's pretty much a "selling point" that scammers love using on Trash Collectors. Do I even need to mention dumpster fires like the laughably bad Pixelmon that no one knew what they would look like before they "hatched".

"I cant believe my investments in the 'Oops! All Sellers' collectibles market failed! At this rate, I'll have to sell Avon to make ends meet!"

"They stole my invisible trousers right off me!" sobbed the emperor..

For some clarification, NFTs were not meant to be used in conjunction with console and PC gaming, though there were some games that were specifically designed around NFT transactions, and used NFT as currency and for virtual items. NFTs were basically a scam that allowed complete fools to buy and sell images and other virtual digital items for real money on the idea that their space on the blockchain has value; that is the description in a nutshell. It is a scam, pure and simple. NFTs as a whole are collapsing, and is great for gaming as a result, as at least we hopefully no longer have to worry about this nonsense.

@quanchu81

2 жыл бұрын

I was with for the first half.. how is buying/selling digital items different from something like playerauctions (which also comes with risk)

@Hauntaku

2 жыл бұрын

@@quanchu81 NFTs destroy the environment

@CrimsonBlasphemy

2 жыл бұрын

Additional clarification: NOT buying Images. Buying Receipts. And NOT even Intellectual Property rights. And Receipts that often don't carry the LEGALLY ENFORCEABLE contractual obligations. ("Smart Contracts" are not legal contracts). And the URI links defined in the Receipts die at any time.

@HumorousLOL

2 жыл бұрын

@@CrimsonBlasphemy Well you are buying the image, you just have no rights to as the description claims you do. Might as well pay fir a random image on google.

@Dreznin

2 жыл бұрын

@@HumorousLOL You're not buying the image, the token has a URL on it that links the image, but the image itself is not part of the token. If the URL dies, you still own the token, it just points at nothing. That's part of the problem - people think they are buying the image, but the image itself is just a representation.