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Clarste posted:People who like NFTs don't care what they are, they just want them to go up in value so they can sell them. They are also not especially good at judging what will go up in value. Anything they have, from appearance to utility, is purely there to increase the value when they sell (or, more likely, are used as collateral to get loans). No-one wants to actually own them.
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Sep 13, 2022 01:48
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Somfin posted:Anything they have, from appearance to utility, is purely there to increase the value when they sell (or, more likely, are used as collateral to get loans). No-one wants to actually own them. That's not true, some nfts are designed for people to actually own them (because they give access to a ponzi-like income stream fueled by other people buying more nfts or nft derivatives). This is how axie infinity worked for example.
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Sep 13, 2022 05:08
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So NFT trading has fallen 97% since January. Yet they keep pushing this stuff.
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Oct 5, 2022 07:00
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Lammasu posted:So NFT trading has fallen 97% since January. Yet they keep pushing this stuff. But that would mean having to admit they were wrong!
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Oct 5, 2022 07:28
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They're just treating it like the stock market; it's when it hits the bottom that you should buy in, it can only go up from here!
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Oct 5, 2022 10:09
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RPATDO_LAMD posted:That's not true, some nfts are designed for people to actually own them (because they give access to a ponzi-like income stream fueled by other people buying more nfts or nft derivatives). This is how axie infinity worked for example. If axie infinity could have sold its NFTs without an underlying game, it would have done so in a heartbeat. The game was a shallow grindfest and existed exclusively to pump up the value of the NFTs and their associated crypto.
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Oct 5, 2022 19:22
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Lammasu posted:So NFT trading has fallen 97% since January. Yet they keep pushing this stuff. A lot of them almost certainly started their plans to get in on this stuff while it was at its peak. Now that it's fallen so far they have two options: give up, and get no money, or release it anyway, and get some money (even if it isn't enough to make a profit). They'd rather get some money than no money.
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Oct 5, 2022 20:30
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Press F to Buy The Dip
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Oct 5, 2022 20:37
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Metaverse project Decentaland had 38 active users.
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Oct 12, 2022 05:18
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I like the "Vaporverse" term and hope that it sticks.
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Oct 12, 2022 07:41
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https://twitter.com/symbiogenesisPR/status/1588034548591341568
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Nov 3, 2022 22:42
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Why are they still doing this? Gamers didn't want NFTs, only speculators did, and most of them got out when the market collapsed.
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Nov 4, 2022 03:25
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Lammasu posted:Why are they still doing this? Gamers didn't want NFTs, only speculators did, and most of them got out when the market collapsed. Corporate projects take forever to happen, and this probably got started during the hype
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Nov 4, 2022 04:23
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Anticheese posted:Corporate projects take forever to happen, and this probably got started during the hype Can't they just cancel it? I mean Discovery canceled the Batgirl and Scooby Doo movies.
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Nov 4, 2022 04:33
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Is it even a game?
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Nov 4, 2022 04:37
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Lammasu posted:Can't they just cancel it? I mean Discovery canceled the Batgirl and Scooby Doo movies. Its the president of Square Enix's pet project, and they sold off a bunch of popular franchises to fund it. No way is he going to admit he majorly hosed up.
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Nov 4, 2022 04:52
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Lammasu posted:Can't they just cancel it? I mean Discovery canceled the Batgirl and Scooby Doo movies. Sure, but they may have done so much work on it that it makes more financial sense to finish it and reap whatever meagre revenue they can get out of it. Then there’s the sunk cost fallacy, which might cause them to do that even if it makes more financial sense to scrap the project and cut their losses.
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Nov 4, 2022 05:21
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IShallRiseAgain posted:Its the president of Square Enix's pet project, and they sold off a bunch of popular franchises to fund it. No way is he going to admit he majorly hosed up. They did not, and would have done this project even if they didn't sell Eidos
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Nov 4, 2022 06:46
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I imagine whoever sold them on the idea in the first place has convinced them that the backlash from gamers is no different than it was when Oblivion sold Horse Armor
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Nov 4, 2022 07:13
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kirbysuperstar posted:They did not, and would have done this project even if they didn't sell Eidos Tomb Raider and Deus Ex are pretty huge (plus some other notable IPs, but they are a bit niche), licensing them out to developers would give a larger return than selling them at firesale prices. Winding down their overseas offices might make financial sense though. SE still have a ton of games in development. It's hard to say without having more insight into their financials.
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Nov 4, 2022 09:28
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Fruits of the sea posted:Tomb Raider and Deus Ex are pretty huge (plus some other notable IPs, but they are a bit niche), licensing them out to developers would give a larger return than selling them at firesale prices. This might very well be but then they come out with their 2022 annual report and the following statement: quote:“Achieving major growth in the game industry is difficult now for companies that compete primarily in the Japanese market, given its graying demographics. As such, it is critical for our business that we produce hit titles that speak to the global market, which offers greater scale in terms of both customers and sales volumes,” Square Enix added (thanks, NME). https://www.eurogamer.net/square-enix-wants-to-make-global-hit-titles-and-believes-blockchain-will-play-a-key-part-in-future-growth It seems they suddenly realized that number can''t get higher in Japan so they need to sell more in the west. You would think that this is easier with one or two already established studios and franchises. I'm really curious how FF16 is gonna turn out. With the disaster of Babylons Fall and the insistence to stick with NFT projects, the company seems as clueless as back in 2010 when FF14 initially released.
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Nov 4, 2022 10:19
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Stuff like Forspoken, the FF7 remake and Harvestella should have pretty broad appeal, I wouldn't be surprised if they come out with some more crossover titles in 2023. But SE sometimes make extremely weird decisions, so maybe I'm just trying to impose rational decision making on something which really isn't.
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Nov 4, 2022 10:27
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The entire east/west split was bad for both Eidos and Square Enix and getting rid of them was the best for both parties The CEO's love of NFT is separate to that, like the Million Arthur NFT thing they did that probably brought them like ten dollars total
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Nov 4, 2022 10:51
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deep dish peat moss posted:I imagine whoever sold them on the idea in the first place has convinced them that the backlash from gamers is no different than it was when Oblivion sold Horse Armor Did horse armor make lots of money? I thought that bombed as the early scapegoat but later iterations of microtransactions/DLC created our modern gaming hellscape
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Nov 4, 2022 18:53
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ninjewtsu posted:Did horse armor make lots of money? I thought that bombed as the early scapegoat but later iterations of microtransactions/DLC created our modern gaming hellscape Probably not but it was the harbinger of microtransactions in gaming, SE might expect a lot of negative backlash but if they can get in early on what they see as the continuation of the microtransaction trend it could be worth it. We can only hope the wider public continues to reject this garbage.
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Nov 4, 2022 18:56
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The market for NFTs cratered earlier this year so it's looking good for the anti- side.
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Nov 4, 2022 19:08
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I think my fear with this stuff is that somehow someway companies are going to make this happen, it's just another way to nickle and dime consumers and if they can just get people to begrudgingly accept it by building it into a product they already use it oculd just become the norm like microtransactions.
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Nov 4, 2022 19:14
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I think microtransactions had way more of a case for "this might be helpful or beneficial at some point" than NFTs
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Nov 4, 2022 19:18
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Eurogamer: Blockchain technology key to Square Enix's growth, financial results show
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Nov 7, 2022 19:37
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What an awful article. Summary: "huh, sales and revenue are shrinking for everything besides FF14. Now I will list some random blockchain plans squenix has and make no attempt to tie them to the title or to write a conclusion."
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Nov 7, 2022 20:31
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Yeah, uh, there's nothing in that article that supports the leading statement of the headline. "Square is in a sales slump" and "Square is investing heavily into blockchain" does not mean "Blockchain is key to Square's growth".
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Nov 8, 2022 13:03
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Year in Review
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Jan 1, 2023 01:40
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What an utter, disgusting poo poo show this loving poo poo was. God, when I think of how much time was spent on trying to push this uselessness onto games, which added NOTHING to the functionality of a loving game. Idiotic!
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Jan 1, 2023 11:09
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Meanwhile, Square Enix continues to insist that blockchain is a good idea and all the pie-in-the-sky ideas about nft games will happen in 2023. lmao
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Jan 1, 2023 15:40
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I can't help but wonder how much of it is an attempt to save face. Because the alternative is someone saying "yeah, we sold off Tomb Raider and Deus Ex and a bunch of other poo poo for pennies on the dollar so we could plow it into this thing that, haha whoops, is a lovely boondoggle that customers loathe," and I think that's a severe enough admission that you wouldn't get to keep your golden parachute.
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Jan 2, 2023 04:52
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Smart move would be to just stop talking about it, let it quietly die while telling any braindead investor that asks about it that it's 'still in development'. (And then never finish it.) Slowly try to rebuild your brands and get your business back on track. But that requires forward thinking, and most top level executives can't stop fellating their 'quarterly reports' to allow their brains oxygen.
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Jan 2, 2023 05:44
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What game of squares will have their first nft?
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Jan 2, 2023 06:03
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No idea but this makes me super happy they lost Hitman several years ago. Imagine if every item in your inventory was an NFT...
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Jan 2, 2023 06:45
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I said come in! posted:What game of squares will have their first nft? I think the first one was last year, tied to an FF7R figurine. This is not a joke.
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Jan 2, 2023 08:23
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Drakenel posted:Smart move would be to just stop talking about it, let it quietly die while telling any braindead investor that asks about it that it's 'still in development'. (And then never finish it.) Slowly try to rebuild your brands and get your business back on track. Isn't this what Ubisoft is doing? I haven't heard about their NFT stuff in long long while.
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Jan 2, 2023 09:16
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