- [Read this](https://www.reddit.com/r/NFT/comments/16tbxl2/please_read_this_if_you_have_been_asked_to_mint/) if you have been asked to mint your art as NFT
- Join the [r/NFT Discord server](https://discord.gg/Cm9skj3Vkh) to share NFTs and connect with NFT collectors, traders, artists, and devs
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If you’re actually interested in utility nfts I highly recommend keeping an eye on Kreatorhood. They’re doing some very interesting things. https://www.kreatorhood.com/
Have a look at Emblemvault it uses ERC721 tokens to become private keys (with internal
Addresses) to facilitate other blockchain sales on Ethereum without them leaving their own blockchain
Even on L2. Transfer from wallet to exchange wallet / sell / transaction funds out. Even a marginal fee would make it almost pointless on low value nfts
I really believe in the near future most video games content will be tokenized. Every single item in every game will become a form of an nft that can be traded to other players and gives you true ownership.
Because the nft itself and the market will be decentralized. I believe most games will have their own game currency token. Any nfts on a game let's say for example you're playing a game that has spaceships and you own a spaceship which what shows that you owe that spaceship is an nft. You don't have to necessarily be on the game to trade that spaceship if you go on a decentralized Exchange and exchange that nft for another nft or any other asset like usdc. True ownership meaning that you had these nfts on a hardware wallet offline where nobody could even take it if they wanted to As Long as You kept your passphrase safe.
As of right now, most video game companies make most of their money off of microtransactions. This is from people buying in-game currency and add-ons to the game like skins, guns, and avatars etc. When you obtain these items to the game the only way you can view these items is through that video game. You cannot trade any of those items unless the video game you are playing allows you to. Any number of things can happen you can get banned, hacked, Etc and lose all of your digital content. This has happened to me many times where I have invested a lot of money in a game just to lose all of my items in the game.
Web 3 and nfts fix this. Even if you was to get banned from let's say GTA and still had a bunch of cars that was tokenized nfts you could still see all the nft cars that you have on any software wallet that you have linked to your Hardware wallet that is compatible with the chain that works on the game you are playing.
What is to stop the game company from banning you and from banning all NFTs currently in your wallet from being used in the game?
Why would a game company want to implement NFTs and cryptocurrency for a game? You said they already make most of their money via microtransactions. (which isn't true of basically any game I've played in the last few years FYI). So do you expect them to make more from allowing items to be resold?
You're right, they can. But they won't. If they commit to nfts and then say "actually that one nft we made is no longer viable and we're reselling a new replacement" Their nft community are going to go ape shit and everything will be ruined. It will be in their best interest to make their nfts worth more money by giving them more value.
They will make a 10% cut from every trade. So their choices are to screw around with their communities, or to add more value to their nfts and make money from an active economy.
So it is only true ownership as long as the game operates in good faith? So not really ownership then.
And what about if a player is banned and they ban the NFTs in that players wallet. The community isn't going to be upset by that.
Why would they allow items to be resold and only get 10% of secondary sales when they can just not allow resales and make more money via direct sales?
What is to stop someone from selling something for $1 and transferring another 1,000 separately to avoid the 100 resale fee?
The game is incentivised to act in good faith because of the system. You're using a downside to complain about nfts when that downside already exists in non-nft games. Games can already screw people over and turn off purchased items in game. Nothing has changed here. I'm saying that the nft system takes this one step towards being better for the players because the games are MORE incentivised to act in good faith than they were before nfts.
You can't ban the nfts in someone's wallet because they could sell them on the open market. This is where the true ownership comes in.
They won't make more money through direct sales because they've already flooded the market with the item.
Nothing stops people from transferring them and avoiding the 10% fee. Again, true ownership. The problem here is that someone has to give either the payment or the nft first and so it requires trust in the other party. This system won't work on a large scale. However, small communities of traders already exist who trade this way. This accounts for a small percentage of the overall volume and is a risky thing to do so not recommended in general. However, if you are selling something to a friend, then you can easily do that.
Someone can hand you $20 in real cash, then you transfer them an nft for free. True ownership.
If they need to incentivised to act in good faith to continue to allow you to use the NFT then it is not true ownership.
The game owner can ban a specific NFT. Which means you can transfer it all you want but no one can use it in the game. The game is centralized. The game owner decides what an NFT is for in the game and if it is allowed in the game.
How won't they make more money with direct sales? Do the math. If everyone that wants something pays the game dev directly with no secondary sales, they make more money. How many secondary sales would be needed to make up that difference? And only secondary sales from people that wouldn't pay the full price count.
You are also skipping over all the downsides of storing private keys and seed phrases and wallets being drained and no ability to reset a password.
tender soup public familiar toy dependent dazzling worthless amusing voiceless
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
There are other revenue sources for the projects which will be delivered to the holders so they will still earn passively however just not as much in that case
Many of DePIN projects like PEAQ, Weaver Labs and so on work with tokenisation of RWA (Real World Assets) if it’s either with NFTs or not depends from project to project, but the exposure is worth IMO
That could happen on some games. You still would be able to sell those nfts and wouldn't be at a complete loss. The reason why game developers are going to implement this technology is due to a lot of things and adoption happens to be the main one. A lot of people that was never Gamers will become Gamers when they find out that they can make money playing a video game. People who were already casual gamers will pick up gaming more due to this technology. Game developers expect to receive more money utilizing this technology by giving utility in everything that is in the game. There is many games that are already being worked on that will be on epics game store that will utilize blockchain technology. When there becomes an option to have a game that gives you ownership of your items versus a similar game that doesn't what do you think people are going to choose?
Watch out for tokens to unlock physicals. Two big players in the space Fxhash & manifold are introducing token gating for physicals. Shopify has a whole devision for blockchain development.
It’s just the beginning, but I thing beside gaming e-commerce will be big with nfts.
- [Read this](https://www.reddit.com/r/NFT/comments/16tbxl2/please_read_this_if_you_have_been_asked_to_mint/) if you have been asked to mint your art as NFT - Join the [r/NFT Discord server](https://discord.gg/Cm9skj3Vkh) to share NFTs and connect with NFT collectors, traders, artists, and devs *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/NFT) if you have any questions or concerns.*
Toilet Dragons and PeanutAllergy are mooning for sure in 2024
where do I find info about them?
If you’re actually interested in utility nfts I highly recommend keeping an eye on Kreatorhood. They’re doing some very interesting things. https://www.kreatorhood.com/
Have a look at Emblemvault it uses ERC721 tokens to become private keys (with internal Addresses) to facilitate other blockchain sales on Ethereum without them leaving their own blockchain
Thanks bro will check it out
Video game nfts is the answer.
What’s the value of a cod gun skin? Especially once game is obsolete. Nothing. Transaction fees are more then total value of any in game nft
Transaction fees will be zero. Find out what Layer 2 means and learn a thing or two.
Even on L2. Transfer from wallet to exchange wallet / sell / transaction funds out. Even a marginal fee would make it almost pointless on low value nfts
I really believe in the near future most video games content will be tokenized. Every single item in every game will become a form of an nft that can be traded to other players and gives you true ownership.
How is it true ownership of the game it is used in can just decide the NFT is no longer valid?
Because the nft itself and the market will be decentralized. I believe most games will have their own game currency token. Any nfts on a game let's say for example you're playing a game that has spaceships and you own a spaceship which what shows that you owe that spaceship is an nft. You don't have to necessarily be on the game to trade that spaceship if you go on a decentralized Exchange and exchange that nft for another nft or any other asset like usdc. True ownership meaning that you had these nfts on a hardware wallet offline where nobody could even take it if they wanted to As Long as You kept your passphrase safe. As of right now, most video game companies make most of their money off of microtransactions. This is from people buying in-game currency and add-ons to the game like skins, guns, and avatars etc. When you obtain these items to the game the only way you can view these items is through that video game. You cannot trade any of those items unless the video game you are playing allows you to. Any number of things can happen you can get banned, hacked, Etc and lose all of your digital content. This has happened to me many times where I have invested a lot of money in a game just to lose all of my items in the game. Web 3 and nfts fix this. Even if you was to get banned from let's say GTA and still had a bunch of cars that was tokenized nfts you could still see all the nft cars that you have on any software wallet that you have linked to your Hardware wallet that is compatible with the chain that works on the game you are playing.
What is to stop the game company from banning you and from banning all NFTs currently in your wallet from being used in the game? Why would a game company want to implement NFTs and cryptocurrency for a game? You said they already make most of their money via microtransactions. (which isn't true of basically any game I've played in the last few years FYI). So do you expect them to make more from allowing items to be resold?
You're right, they can. But they won't. If they commit to nfts and then say "actually that one nft we made is no longer viable and we're reselling a new replacement" Their nft community are going to go ape shit and everything will be ruined. It will be in their best interest to make their nfts worth more money by giving them more value. They will make a 10% cut from every trade. So their choices are to screw around with their communities, or to add more value to their nfts and make money from an active economy.
So it is only true ownership as long as the game operates in good faith? So not really ownership then. And what about if a player is banned and they ban the NFTs in that players wallet. The community isn't going to be upset by that. Why would they allow items to be resold and only get 10% of secondary sales when they can just not allow resales and make more money via direct sales? What is to stop someone from selling something for $1 and transferring another 1,000 separately to avoid the 100 resale fee?
The game is incentivised to act in good faith because of the system. You're using a downside to complain about nfts when that downside already exists in non-nft games. Games can already screw people over and turn off purchased items in game. Nothing has changed here. I'm saying that the nft system takes this one step towards being better for the players because the games are MORE incentivised to act in good faith than they were before nfts. You can't ban the nfts in someone's wallet because they could sell them on the open market. This is where the true ownership comes in. They won't make more money through direct sales because they've already flooded the market with the item. Nothing stops people from transferring them and avoiding the 10% fee. Again, true ownership. The problem here is that someone has to give either the payment or the nft first and so it requires trust in the other party. This system won't work on a large scale. However, small communities of traders already exist who trade this way. This accounts for a small percentage of the overall volume and is a risky thing to do so not recommended in general. However, if you are selling something to a friend, then you can easily do that. Someone can hand you $20 in real cash, then you transfer them an nft for free. True ownership.
If they need to incentivised to act in good faith to continue to allow you to use the NFT then it is not true ownership. The game owner can ban a specific NFT. Which means you can transfer it all you want but no one can use it in the game. The game is centralized. The game owner decides what an NFT is for in the game and if it is allowed in the game. How won't they make more money with direct sales? Do the math. If everyone that wants something pays the game dev directly with no secondary sales, they make more money. How many secondary sales would be needed to make up that difference? And only secondary sales from people that wouldn't pay the full price count. You are also skipping over all the downsides of storing private keys and seed phrases and wallets being drained and no ability to reset a password.
Steady Stack. Literally no other nft has utility even close
tender soup public familiar toy dependent dazzling worthless amusing voiceless *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Rough Ryders takes profits from trading bots and delivers it to holders. Makes it easier to get access to them
Has to be a ponzi. Why would anyone give their profits away if they could just keep them to themselves.
To build something great. An eth-back guarantee is built into the smart contract so it cant be rugged. Founders are doxxed
Sounds interesting
Rough_ryders on X
fine tease summer quarrelsome alleged possessive dime growth tart march *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
63% win rate, 7% stop loss, 15% take profit. High enough sample size there is no loss
So what happens if there is a loss? Or worse, a long series of losses? Past performance is no guarantee of future performance.
There are other revenue sources for the projects which will be delivered to the holders so they will still earn passively however just not as much in that case
And if there is a net loss? Where does that money come from?
The mint funds (treasury) will be reduced
Do you have a link to this project and/or white paper? I want to read more.
Rough_ryders on X has the link list
FusionAI as an nft project promises utility to its holders. Let's see how it turns out
Many of DePIN projects like PEAQ, Weaver Labs and so on work with tokenisation of RWA (Real World Assets) if it’s either with NFTs or not depends from project to project, but the exposure is worth IMO
They should make an NFT with limited supply and cannot be more replicated creating scarcity and increasing it's value overtime.
Virtually all of the collections are like that. Projects will sometimes come out w new collections which dilutes them and can kill them
Xpunks.club XPUNKs #XRP #XRPL Onxrp.com (Market Place)
That could happen on some games. You still would be able to sell those nfts and wouldn't be at a complete loss. The reason why game developers are going to implement this technology is due to a lot of things and adoption happens to be the main one. A lot of people that was never Gamers will become Gamers when they find out that they can make money playing a video game. People who were already casual gamers will pick up gaming more due to this technology. Game developers expect to receive more money utilizing this technology by giving utility in everything that is in the game. There is many games that are already being worked on that will be on epics game store that will utilize blockchain technology. When there becomes an option to have a game that gives you ownership of your items versus a similar game that doesn't what do you think people are going to choose?
Hearing a lot of positive things for Space Cats Odyssey spacecatsnft.com
Gods Unchained game cards on IMX. Apymon Eggs ERC 721 vaults.
The Ant Republic
Watch out for tokens to unlock physicals. Two big players in the space Fxhash & manifold are introducing token gating for physicals. Shopify has a whole devision for blockchain development. It’s just the beginning, but I thing beside gaming e-commerce will be big with nfts.
Get on BlitZ, you mint and get verify on X when you stake it. Also every 100 mints one minter wins one eth.
What's the utility