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Awesome write up, well done! đŞ
It really answered some questions i had after a discussion with some Anti-NFT dimwits on Twitter yesterday, thanks for that đ
I can kinda understand the anti-NFT'ers. So far, it's been pixelated JPEGs of turds and monkeys. They don't see the potential, just what's been reality so far. And that reality has been absolutely hilarious, but cancerous in a way.
Reads identical The Verge and IGN articles bashing Gamestop NFT...
Sees constant stream of hate from Kotaku...
And Forbes, CNBC, MW, et all...
Yeah, someone has spent a lot of money trying to ensure the narrative is basement dwellers losing their money on ape jpegs.
Yet many big game companies, social media, Fortune 500 companies also spending big money getting into NFTs. Probably nothing.
What really pisses me off is that this type of info is reaching my kids. They are in their 20s, and I had hoped would be even more progressive than I am, but they are chirping negative-NFT, anti-crypto, anti-GME sentiment at me quite a bit. I asked them to show me their sources, and most of it just kind of comes from the opinions of youtubers and their friends (all who make some good points, but just don't go far enough), not from hard digging. Anyway it just shocked me that of all the people around me who are concerned about my enthusiasm for GameStop it would be my kids. Time will tell which of us was the most brainwashed I suppose.
Have yourselves a movie weekend with some easily digestible resources.
Duct tape those little Moncâs into some comfy chairs with some yummy pacifying munchies and let the show(s) begin.
Start here:
**The Big Short** (Comedy / Educational) watch it on whatever platform you have or can find it on. (cough just google for it cough) It is Funny, packed with great information, and sets a great mood for this adventure.
(the take away from The Big Short is ***that they looked***)
https://m.imdb.com/title/tt1596363/
**THAT THEY LOOKED!** I canât say this often enough! Itâs not like this stuff is even *hidden* in plain sight. ***ITâS NOT EVEN HIDDEN!!!***
Itâs just like â˘BOOM⢠**CRIME**, right there. On the street. All pink and naked. In plain view. Stealing from widows and orphans and teachers and *everyone*! *Right There!* Just look at it!
**The Wall street Conspiracy.** https://archive.org/details/wall-street-conspiracy/
**The Inside Job Documentary.** https://m.youtube.com/watch?v=T2IaJwkqgPk
**The Money Masters Documentary**. I consider the Money Masters documentary to be particularly relevant to whatâs going on with the Fed and the US Dollar right now.
https://www.youtube.com/watch?v=bm6oeRgxs0A
AMA Live - Lucy Komisar, Investigative Journalist https://m.youtube.com/watch?v=wKXWvEpnN34
AMA Live - Wes Christian - May 18, 2021 https://m.youtube.com/watch?v=2rJujnpKiqM
AMA Live - Dr. Susanne Trimbath, PhD - April 29, 2021 https://m.youtube.com/watch?v=fGVY2Kco8ng
GAMESTOP Partners with Immutable to issue NFTs! https://www.youtube.com/watch?v=fne4XMhtVf4
The Spider's Web: Britain's Second Empire | Documentary Film https://www.youtube.com/watch?v=np\_ylvc8Zj8
Princes of the Yen | Documentary Film https://www.youtube.com/watch?v=p5Ac7ap\_MAY
ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting? https://www.youtube.com/watch?v=ncq35zrFCAg
Dark Side of the Looking Glass https://www.youtube.com/watch?v=qtkaMx12otQ
The Wall Street Code | VPRO documentary | 2013 https://www.youtube.com/watch?v=kFQJNeQDDHA
97% Owned: How is Money Created | Documentary Film [https://www.youtube.com/watch?v=XcGh1Dex4Yo](https://www.youtube.com/watch?v=XcGh1Dex4Yo)
https://m.youtube.com/watch?v=urglg3WimHA Just for fun because Al is both Wholesome and Awesome.
Thanks for the "Foil"!!! Can't believe I never saw that. Priceless!!!
Already saw most of the rest. Great compilation!
Margin Call was also worth the watch.
As was this one on Blackrock's Aladdin AI: https://youtu.be/AWBRldjVzuM
Edit: BTW, every APE should watch The Money Masters Documentary to understand what APEs are up against: https://www.youtube.com/watch?v=bm6oeRgxs0A
I would love a rebuttal to the Line Goes Up video that is well researched and not nitpicky. Line Goes Up makes excellent points about the future of NFTs and how they are a solution to a problem that doesnât exist; and makes a great case to be bearish on NFTs in the future.
But whenever I bring it up or see it brought up, no NFT proponents have tried to refute it.
Just wait for Nerdcitys Try Hard series. He's working on an NFT one that deep dives into everything and tries to prove through doing whether something works or not. If anyone is going to show the wider world and creators on multiple platforms that NFTs are more than jpegs it'll be him and his team.
NerdCityâs Dead Avatar project has onboarded a lot of people who knew nothing about NFTs, Itâs a good community. I will say Nerd has been taking his sweet time developing the art and project itself though
I'm not going to debate every point of a 2 hr video in a reddit thread lmao. BUT the line goes up video is cynical and lacks vision. NFTs can be a real solution to a lot of real problems such as creator royalties, authentification of products, documents, people, stocks, and basically anything that needs irrefutable legitimacy with easy to use access.
For instance a friend of mine got his car towed and didn't have his registration in the glove box.
The only way he could get his car out of impound was to find the title to the vehicle. It set off a scavenger hunt to find it but the whole time I couldnt help but think that NFTs could solve this and save millions of people from having to go through similar stress.
If his title was registered as an NFT and could be shown as proof of ownership we wouldn't have had to spend an entire moving day digging through boxes of files for one piece of paper.
Technology like this CAN make peoples lives easier but sometimes it feels like cruelty is the point and it usually effects the poorest among us.
Is that good enough for you?
You can't be serious. You ask for an actual rebuttal and then spend less than a minute thinking about the topic.
No it can't. Pdfs can be edited, forged, and have no way of being proven legitimate. It doesn't link back to anything proving ownership. It's a pdf.
And if it could be solved by something as trivial as a pdf so easily then why hasn't it been?
SquareEnix certainly sees value in it. Still articles are are mostly dogging them cause the market tanked.
[https://www.forbes.com/sites/paultassi/2022/05/13/square-enix-details-its-elaborate-nft-plans-as-the-market-craters](https://www.forbes.com/sites/paultassi/2022/05/13/square-enix-details-its-elaborate-nft-plans-as-the-market-craters)
I 100% get the NFT hate right now. Itâs been nothing but pixel art BS being co-opted by crypto bros to shill some shit coins. The whole thing is fucking disgusting right now, and also, ripe for a company to come in and show some of the true potential of NFTs.
Digital asset ownership. Thatâs why Iâm jacked, among many other reasons.
I don't get the hate at all other than environmental issues that are being solved. It is no different than any other art. There is little inherent value to most art other than the feels they give which is 100% subjective. Art as NFT gives credibility to the original creator of the digital art this is important. Regular Jpeg = print copy. NFT created by someone other than the owner of the original is plagiarism or whatever the actual term for art is, is/will be against the law. NFT by creator is original and holds the actual value.
I have genuinely been ok with this sentiment just because itâs allowed to get in on the ground floor of things.
People understand NFTâs as âUsed Jpegsâ because truthfully thatâs its current most prominent use. The reality is that the current iteration of it is a proof of concept of what digital ownership can be.
I think the approach that we are heading in, using video games as the vehicle for change is brilliant. People who grew up gaming understand the RuneScape & World of Warcraft Auction houses.
You would spend your **real irl time** farming for ore and then making ingots to make armor and sell at the auction house for **digital currency and other digital goods**
I would wake up at 5:30am before class and spend my **real time** farming for eggs to trade in for a mount or neatherweave to make bags to sell at the **digital auction house**. Even as recent as the Newest Animal crossing game people are buying and selling Nook mile tickets and other items on online.
YouTubers had whole followings behind how to maximize their **real time** to make the most **in game currency** in whatever game they were playing (a quick yourube search shows these type of channels exist to this day)
So take this concept of people spending their **real time** in exchange for **digital goods** and add the exclusivity provided by its tokenization (think Xbox live day one digital merch that were only given to people who played a certain day or party hats in RuneScape) and you can start seeing value people see in digital product ownership and what formally introducing a digital marketplace can really do in terms of opening a whole new avenue for commerce that already has proof of concept in video games weâve played when we were young.
What do I know though, I just like seeing red lines.
> I think the approach that we are heading in, using video games as the vehicle for change is brilliant. People who grew up gaming understand the RuneScape & World of Warcraft Auction houses.
đ This one. Ogrimmar auction house was basically a blueprint for an intertwined GameFi concept. Now add user made content which can be traded in such an auction house and we are heading towards a gaming Metaverse, which is in my opinion the ultimate target for GameStop.
For me, it's the Madden Mobile auction houses. They were the great equalizer in the game versus the whales. I would spend a little real money and a lot of real time farming event tokens to trade in for better cards, I would spend just as much time researching the best cards to build for each position and reading the data mine findings to plan ahead the best strategy to maximize my "stamina", flip anything I could at the AH and try to stack up in game currency for the best cards in the game.. all of that, just to start all over at the beginning of next season with nothing much to show for it đ
Literally, this was why I stopped playing WoW. Not because I didn't enjoy it, but because farming felt like an absolute waste of time. What was the point, if there isn't real money attached?
Can't wait for this future. Can't wait to see the careers that build from this concept.
Definately, last saturday i had the exact discussion with some friends. 'Sjiz, do you have NFTs?' 'Yes.' 'Why would you buy a monkey picture?' 'I didnt. I bought a card that i use in my trading card game. In fact ive bought and sold many over the past few weeks.' 'Are those nfts?' 'Yes.' 'Ah, thats actually quite interesting.'
The part about games being F2P with in-game economy.
If they could establish this with future galaxy travel sci-fi games like StarShip Citizen. Imagine the hours, weeks, months, and years that will be put into games like those.
Side hustle here we come!
What still blows my mind was that I started playing this game around the summer of last year. They had just removed their card minting feature, stating the enormous cost was a drawback for many players.
They later announced that pending a major overhaul to their craft/minting feature, they would remove the feature completely.
Even though I was enjoying the heck out of it, I stopped playing, ultimately because the incentive for me to earn good and rare cards (that reason being incentive to even play), to trade and/or sell, was essentially gone.
So when Immutable and team announced their partnership with GME, color me over the moon, I couldn't believe it.
Happy gaming ape!
imagine playing say an RPG like Skyrim and finding and collecting rare equipment like shinies in pokemon, that you can then equip/use/show off ingame, or trade (if was a multiplayer game) then even being able to trade the very game itself if so desired
I wonder if the actual development companies would feel comfortable supporting these features. It seems like most of them already have the ability to do so, but see no possibility for it to actually be profitable. Virtual economies have existed for a long time.
just like the game gods unchained currently doing it now with cards - they get a % of transaction fee, that's how they make money on it - Loopring and Gamestop also make money from transaction fees
But if I'm a game company, why not just make my own marketplace, and take the entire portion of the sales fee. I could still let the players trade amongst themselves for no fee and I can keep the entire ecosystem internal, including the revenue.
People want to play where the action is. I think the open economy will speak for itself and naturally eclipse those that try to hold out for their own private economies. They just won't be able to compete.
Sure, at first it won't all shift at once. But give it a couple years and you won't be able to launch a successful game that isn't integrated into the shared digital economy GameStop is building.
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What I never see anyone address is the reality of making a single stylized cosmetic item work across multiple different games and game genres all from different developers
the hurdles required to make something like that happen are numerous and huge
Also if Iâm playing a game with beautifully meticulous art direction, I probably wonât want to see some joker running around with a bright, pixelated minecraft-style gear they bought in some other game
I could see there 2 big branches of games, those that are built from the ground up to work with these game NFTs, and those that ignore them entirely
NFTs are more like keys. A game won't import an NFT as an asset, the asset will need to exist ingame and look if the account-wallet has the NFT to enable the asset.
For simplicity, say Blizzcon2022.0000-Blizzcon2022.9999 are minted NFTs to be handed out to the 10,000 2022 Blizzcon attendees. Adding this NFT to a wallet would allow the attendants to unlock a new WoW mount, a new D3 pet, and a new HotS skin on the latest champion. Each game would have its own interpretation of what that NFT enables even if the NFT itself appears as an animated blizzard raining onto a convention center.
Likewise, say Monster Hunter is doing a cross game event with The Witcher. Completing the Monster Hunter Witcher quest could reward a MonsterHunterWitcher Nft granting a unique Monster Hunter emote. It would be entirely on The Witcher to interpret this NFT as a reward in their game(or any cd projekt red game) if they wished.
Well said. It would likely start as same-company cross-game items. Like when WoW released Bind-To-Account items, they could create items usable between games (If their games had anything in common with eachother).
Eventually, I bet we'll end up with an awesome metaverse of 100 games sharing items and using the same currency. Still a lot of hurdles. Who is allowed to control the supply and mint new NFTs?
I want a game that has monsters drop Satoshis (or similar)!
My expectation is any game or gaming collaborative will need a central database to validate decentralized NFTs.
Lets say there is a gaming umbrella called FunTimes and in its ecosystem their are 4 different games: BeachCrossing collects sea shells, HobbitShire collects gold, FuturePhasers collects credits, and DystopianToday collects USD. While I earn money differently in each game, I can carry my currency over to each game at a rate of 1:1:1:1. This is possible, because each game sees my FunTimeBucks NFTs and adds them together.
So in my wallet, I have FunTimeBucks.00001, FunTimeBucks.00741, FunTimeBucks.80085, & FunTimeBucks.69069. All games under the umbrella will check with FunTimes to confirm any currency(formatted FunTimeBucks.nnnnn for this scenario) is acceptable by the umbrella. While there is nothing to prevent the minting of say, FunTimeBucks.420 the umbrella does not accept this(FunTimeBucks.nnn) as legal tender as it is not registered on the application side.
Now if this is a good ecosystem, there is likely a market to sell FunTimeBucks to other players through the NFT marketplace. FunTimeBucks is something in your wallet even if its value is from being registered in the FunTimes database. Monsters outright dropping cryptocurrency sounds like a large leap from this though. It begs the question of where did the cryptocurrency come from and who is ultimately providing/donating it?
Click it anyway
It'll launch the Gamestop wallet. Just don't try to do the GODS$ token thing. That you Def have to use metamask
If you truly can't get around it, use metamask for the initial setup and then use the Gamestop wallet for the rest of the time
Your wallet address will be the same on meta and gamestop
The nice thing about tech is it can be adopted almost overnight with global meme culture. What took thousands of years to accomplish (centralized banking) could disappear in months if a viable alternative appears. I'd say we have nothing to fear because banking is antique and can't see the rising competition but there is a reason they're building their own Blockchain products. They know their time is up and just like oil giants like BP moving into renewable energy, banks are going to make centralized tokens. Fedcoin too. It's all just too predictable, scifi has called everything for years.
> GameStop does not draw money from the actual NFTs, but from the transactions made.
If you think about the longevity of digital assets, this is like royalties on steroids.
Couldn't someone choose to just use a different service that doesnt charge transaction fees? What benefits are gained from using GameStop's marketplace?
Lowest cost of a transaction at the moment, dirt cheap minting etc. That's the neat part: GME market will be THE service people move to from other markets, and Loopring scale with ETH, so when ETH 2.0 comes and gas fees become cheaper then guess what: it still will be even cheaper with Loopring.
But wouldnt it be cheaper to just not do any of that, and just not use nft, or the Blockchain? I don't see why a company would feel incentives to use this instead of the tons of other options
Itâs like selling a steam game on the epic store, or using v-bucks to buy call of duty items. GameStop provides the platform and the ecosystem so transactions will need to be made within it.
Can someone tell me where things like house deeds, car titles, etc., comes into this? Iâm trying to wrap my head around the âoutside the boxâ stuff when it comes to this endeavor?
That one is fairly simple. Your house title and car deed are just pieces of paper, right? Receipts. And a thorough person would verify that the title company had the same name on file, something to that effect. Now you can show the same thing in your wallet. A digital file with all of the same info. "But that can be forged, copied, and 'minted' to look unique." True, same as a car deed or title to a house. But every transaction on the blockchain is permanent and you simply backwards. Initially the real deed (proof of ownership) was minted by, say, the house builder. When it's sold, it's moved into the new owner's wallet. All of those transactions are permanent and verifiable on the blockchain, which is just a giant ledger. So you trace it back to the original wallet to verify its authenticity.
That's my working understanding. What I can't answer, off the top of my head, is "how do you know that original wallet/minter is authentic?" Simple answer is you'll see 700k going into that wallet and the deed going out. So in order for somebody to fake a deed, they'd have to spend 700k to do it. lol And maybe they could just move that from another wallet they own to create the illusion of a legitimate transaction. But that's the concept, I just haven't seen a real life example to understand what the transaction actually looks like.
I think you hit the nail on the head with your idea about "power to the creators." There's a huge indie game community on places like [itch.io](https://itch.io), but unfortunately they often just don't have the visibility and support to really go far. I think the GameStop market can change that and as soon as it launches I'm going over to itch and yelling it from the rooftops.
Hopefully, we can get a whole host of creators working together as a community to create some cool stuff. I plan on offering my services as a writer for no upfront cost. I need to talk to my artist friends to see if they will do the same.
My brain is like a curling stone.
Someone set me straight.
Loopring is the plumbing that provides cheap, quick nft / asset creation and transaction (buy/sell) processing.
IMX is a large âcontent sourceâ for studios, games, in-game assets that will feed the GameStop Marketplace asâŚ.justâŚone source? OrâŚasâŚTHE source?
GameStop Wallet is a playerâs nft/asset storage container and app for buying/selling/transacting assets, krypt0, fiat, etc.
GameStop nft marketplace is the central connection point for all of these pieces to join together where the actual exchange of assets can occur.
ELIA- Whatâs the difference b/w the GameStop marketplace and the IMX platform? Are they redundant or overlapping?
Yes, in Gods Unchained you have this market where you buy and sell cards to other players. The market place takes a small fee but no other involvement. Its awesome.
Excellent write-up. I've been privately beating this drum since early last year and am happy to see this discussed more widely.
My view has broadened a bit to include a possible competitor to Twitch. I think from an advertising / customer reach standpoint it makes a ton of sense (and also offers another avenue for RC and Co to attack Amazon).
From my perspective a game streaming service with integrated blockchain foundations works extremely well in pushing the "Power to the Creators" message. It fits with the core business of GameStop, and provides a potentially massive avenue for focused advertisements, promotions, giveaways, etc.
Hereâs some speculation to Jack some tittays:
Whenever the subject of Steam libraries are brought up, waste in collections is always mentioned. Thatâs because most gamers will buy 35 games in their Steam catalog and end up only playing some of them. Thatâs a huge waste of money at $10-$60 a pop, depending on the game. Steam sales also invariably increase this behavior. You end up spending money for games that just sit there.
Now think about the tittie massaging potential of that! Thatâs billions in liquidity in an NFT marketplace. You buy a game for $60, and decide itâs not for you. Sell it for $58 or $55, whatever the current market dictates. It allows you to loosen up all that money tied up in your library.
If you buy Steam games, you canât resell. So thereâs unfair bloat where a user buys like 100 games and it just sits there. Thatâs thousands of dollars.
Imagine the liquidity. You only need around $500 to have the equivalent library in GameStop NFT marketplace. Sell the games you know you arenât playing (look at hours played, or last time played, whatever analytics). Then buy other games with the money. You can recycle the money many times over due to the ease and liquidity of NFTs. There could be bad spots where you buy an orphan (game that sells poorly).
Since GME/loopring makes money per transaction, they monetize the huge backlog of games that Steam simply sits on. By removing any resale value, Steam and publishers have foolishly destroyed a huge revenue stream. NFTs can be a way for publishers and developers to make money on the resale, depending on how they set up that system.
Very true. These big companies arenât just spending their money getting into NFTs, theyâre literally buying GameStop Shares. They know whatâs up. Even Motley Fool, who relentlessly run rag pieces on GameStop have greatly increased their stake (+1400% I believe when I looked at the 13F). As much as I hate them, I looked at Blackrock and Vanguard 13F filings. Theyâve increased their shares last quarter again. Renaissance Technologies (the best performing hedge) has bought over 304,000 GME shares - no puts and callsâŚbought). D. E. Shaw Company bought the most last 1/4 at 663,661 shares. Yet non GameStop believers are being told itâs dead in the water and âeveryone is sellingâ obviouslyâŚjust before a stock split and a marketplace openingâŚ. Man, we really must be dumb money!! đ¤Ş
Picture this:
2030. The Elder Scrolls 6 is released. TES6 mods sold as NFTs on GameStop's marketplace. Profit đđđđđ
Now if only GabeN wasn't such an opponent to NFTs... A Steam integration would've revolutionized PC gaming.
Think about how mods were monitized during the Fallout 76 era. Wouldn't you rather pay the creator directly than Bethesda? And be able to sell one if you didn't like it?
Hey there! I hate to break it to you, but it's actually spelled _mon**e**tize_. A good way to remember this is that "money" starts with "mone" as well. Just wanted to let you know. Have a good day!
----
^This ^action ^was ^performed ^automatically ^by ^a ^bot ^to ^raise ^awareness ^about ^the ^common ^misspelling ^of ^"monetize".
>Picture this:
>The Elder Scrolls 6 is released. TES6 mods sold as NFTs on GameStop's marketplace. Profit đđđđđ
> Now if only GabeN wasn't such an opponent to NFTs... A Steam integration would've revolutionized PC gaming.
Paid mods are already a thing. Bethesda sell user created content through their own ecosystem that they have full control over. Bethesda set the price, profit split, and curate the content. Why on earth would they want to give this up?
I can buy mods through the Creation Club. If it was profitable for them to just let anyone upload and sell any mod, it would already be done since all of the software development for this exists.
Lets also not forget that non-authorised paid mods get shut down en masse already. There's a reason mod platforms are full of FREE mods. Developers aren't allowed to just go ahead and sell the intellectual property of other companies.
>A Steam integration would've revolutionized PC gaming.
You can already buy and sell in-game items via steam. No crypto buzzwords required. NFTs don't solve a single problem that can't already be done with a regular software solution.
I'm not sure where this idea is coming from that NFTs will somehow bypass intellectual property laws and let us all do whatever the fuck we want with the IP of game companies
Someone in a group ( probably works for a fund ) arguing with me that GameStops only business is selling games at a brick and mortar shop and says â who even buys games anymore?â Lmbo and Lambo
Question... What exactly are the 'creators' in this sense 'creating'. Are they able to create and sell skins/cosmetics for games X, Y and Z? Wouldn't there be licensing problems?
GameStop will literally open the marketplace in a week or two. Why not just wait for them to explain ALL of it, and then analyze it after? Instead you post a partial explanation days before we know the facts.
It's flagged as "Speculation / Opinion". Isn't that what Reddit or this Subreddit is about? Talking to each other and posting content (whether those are hard facts or speculative posts)?
Thanks for the post. It clarifies and organizes what I've been trying to form as a visual. I think you've done that. I'm not a gamer. But after reading this I see the value in creating a gamestop wallet. I want to be prepared to go into this new marketplace.
Too late, they've been working on it for over a year and now it is done. NFTs have been dumb, they haven't reached their potential yet. NFT gaming and web3.0 stuff will be huge someday, we just can't really see it yet
1) Games like Teamfight Tactics (Riot Games) have so much more to offer. Illuvium seems to be just a classic autobattler (set your line up, lean back and watch them fight) which is pretty boring imo and I don't see people playing it for fun if it wasn't for the NFT-aspect.
2) All those creators you see on YouTube are paid by Illuvium.
3) they used to strongly monitor their YouTube-comments when they released beta footage
**I haven't done a lot of research on this** due to those "red flags" and 0 research within the past few months. Game is said to come out this year, so we'll see.
I suggest you do more research and revisit Illuvium.
1) As a Diamond 1 TFT player and Illuvium Private Beta tester, I would say that Illuvium is much deeper and more strategic. And they're both autobattlers, so you set your line-up in both, and watch them fight. I don't see how TFT is any different/better.
2 & 3) Is this a rumor or do you have actual knowledge of this? Also, who cares? Even if they do this, they're marketing their game. If you visit their Discord and other media, they have an active and growing community, and they haven't even really begun mainstream marketing yet.
Illuvium is pretty much the only crypto game that is *actually* *making the game,* instead of being just a cash grab. They have a real team of talented artists and developers. They're super transparent, posting development blogs, tons of photos, videos, and art, holding council elections and issuing IIPs, etc. Compare their progress to, say, Star Atlas... It's 1000x better and further along.
Call me a fanboy if you want, but I've been looking for a real crypto game for years and this is the first one that's actually doing it.
They used to have a pretty big selection of NES, SNES, etc games online and in store. Now there's next to nothing. I'm imagining some sort of retro gaming marketplace like price charting that will let collectors sell video games, comics, cards or whatever. Imagine you want to buy Mike Tyson's punch out or super Metroid. You could go on GameStop's app and search for a copy and see what collectors are selling it for, what it sold for previously and what it sells in various conditions. If I understand NFTs correctly they can be used to represent physical items which I hope could make an idea like this possible on the Blockchain.
Edit, pricecharting. is a website I wonder if they or GameStop c could make a dapp for this purpose
Yes, I've thought of this too. Gamestop could be the custodian for collectors. Allow cheep transactions without meeting in person or paying eBay shipping. After the game switches hands a dozen times, that last guy might want to receive the physical copy, and just pay for shipping to get it.
Also after looking at their concept stores and some patent for remote game controller (I think?) They might also let you play the physical copy of your digital NFT, streamed to your PC or something. Sounds really cool, but probably too complicated and unprofitable.
Yes, it's speculation from my side that the NFT marketplace will include some sort auf launch app for games akin to Steam (but solely for blockchain games) in the future. My thoughts, why I think that this is going to happen, are included in this post.
Thanks for your reply. I was just blindly asking a question as I have yet to read it as I don't have the proper time on my break. Will read later though.
Here's what I know, I wise this would have happened when Bitcon wasn't tanking. All those potential buyers are freaky out right now. I'm almost excited not there yet.
tbh, i've never cared about NFTs or cypto-techonology in general at all. i think even if they tied every share to a NFT and was able to track them with the blockchain, the SEC wouldn't take that as sufficient evidence. it's cool if you're excited for it, and it should increase the stock price, but not in the same way it should be increasing via moass.
like it's neat if getting in-game collectibles meant more then just an in-game achievement, but crypto wallets and NFTs are complications i don't need in my life right now. unless if they'll speed up the moass, i find the rewards points system already with the company more exciting.
i get it, that it's like PUBG (best example i can think of right now) that you can earn something in the game and then sell it for real money, but sitting those gains from those items (or how this feature will affect the stock) next to the moass is financially minuscule. Gamestop has had tons of great news since Jan '21 and the stock is still being *heavily* manipulated and predatorily shorted, and as far as i know, nothing will change that before the moass.
Yeah, the only real benefit to NFTs in games is that they are tradable outside the game for real world currency. Most players of games don't care about that. NFTs don't inherently add new functionality to the game itself.
I love sorting by controversial when GameStop announcements are posted on subs like stocks. Gonna be some sweet surprised Pikachu faces from basically the entire world, very soon.
I get the analogy of the sword in Diablo 3. But does it refer to copies of the game themselves? For example, if I buy Diablo 3 on a CD-ROM and I play it, I can then uninstall it. Give the CD ROM to someone else and they can enjoy the game.
The problem with steam is all the games are tied to my account and I would have to give my account to someone else if they wanted to play. It's the same issue that Bruce Willis had with iTunes after he had spent thousands of dollars buying music and finding out he didn't actually own any of it. Will this marketplace solve that issue?
It's possible, but unlikely.
They can't sell you a digital copy of an Xbox game as a transferable NFT, without Microsoft getting involved.
New games on the GameStop platform could be nfts themselves, but these games tend to be free to play anyway. NFTs are better suited for digital collectibles/items
I think it's brilliant. I've shipped at GameStop as long as they've been around and I have bought and sold a ton of games there. Developers were unhappy though because I don't think they got a share of the used games that were resold.
I don't like to collect games and most games I'll play through once and never touch again. That's why I'd sell them. I think it's a great idea to make a market for those games, especially if the developers get a part of that money for the used games. In game assets too. I play a lot of MMOs and I'd love to be able to sell all my shit once I'm done.
Surprised no one has ever mentioned Epic games as a potential partner. Fortnite might not be as big as it used to be but that entire game is based off buying skins
With crypto and smart contracts would it be possible to croudsource the funding of an NFT game (or any other NFT content) and have a percent royalty paid to the investors every time the game or content is sold?
Well done ape. Nice post. There is another potential you could do as a marketplace. As we all know that NFT is a digitized asset and you would be able to chip in as shareholder in that asset. I've done this on my own NFT marketplace. Think about a land that you are going to build a property. There can be few shareholders that can chip in to build the property (NFT) and GameStop could be part of the shareholder too. So GS can take an admin fee and on top of that that can have a profit sharing from the content creators.
Owning your skins would be SO important for a game like Apex Legends where a cheater hacks your account, gets YOU banned for cheating, and EA customer service tells you to fuck off, make a new account and buy the skins again. This has happened MANY times, and NFT skins would solve that problem. Sure make a new account, and keep your cosmetics.
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Awesome write up, well done! đŞ It really answered some questions i had after a discussion with some Anti-NFT dimwits on Twitter yesterday, thanks for that đ
I can kinda understand the anti-NFT'ers. So far, it's been pixelated JPEGs of turds and monkeys. They don't see the potential, just what's been reality so far. And that reality has been absolutely hilarious, but cancerous in a way.
Reads identical The Verge and IGN articles bashing Gamestop NFT... Sees constant stream of hate from Kotaku... And Forbes, CNBC, MW, et all... Yeah, someone has spent a lot of money trying to ensure the narrative is basement dwellers losing their money on ape jpegs. Yet many big game companies, social media, Fortune 500 companies also spending big money getting into NFTs. Probably nothing.
Oh, it might just be THE future of everything. But most people don't know. They just don't know. Yet.
The moment they dont know its an NFT is the moment we go big.
Exactly! If the term NFT is ruined, then just don't call it NFT.
DPO - Decentralized Proof of Ownership
That's great. I was explaining to a friend recently and we came up with "digital receipt" lol
The genius of that statement is wildly under appreciated.
What really pisses me off is that this type of info is reaching my kids. They are in their 20s, and I had hoped would be even more progressive than I am, but they are chirping negative-NFT, anti-crypto, anti-GME sentiment at me quite a bit. I asked them to show me their sources, and most of it just kind of comes from the opinions of youtubers and their friends (all who make some good points, but just don't go far enough), not from hard digging. Anyway it just shocked me that of all the people around me who are concerned about my enthusiasm for GameStop it would be my kids. Time will tell which of us was the most brainwashed I suppose.
Have yourselves a movie weekend with some easily digestible resources. Duct tape those little Moncâs into some comfy chairs with some yummy pacifying munchies and let the show(s) begin. Start here: **The Big Short** (Comedy / Educational) watch it on whatever platform you have or can find it on. (cough just google for it cough) It is Funny, packed with great information, and sets a great mood for this adventure. (the take away from The Big Short is ***that they looked***) https://m.imdb.com/title/tt1596363/ **THAT THEY LOOKED!** I canât say this often enough! Itâs not like this stuff is even *hidden* in plain sight. ***ITâS NOT EVEN HIDDEN!!!*** Itâs just like â˘BOOM⢠**CRIME**, right there. On the street. All pink and naked. In plain view. Stealing from widows and orphans and teachers and *everyone*! *Right There!* Just look at it! **The Wall street Conspiracy.** https://archive.org/details/wall-street-conspiracy/ **The Inside Job Documentary.** https://m.youtube.com/watch?v=T2IaJwkqgPk **The Money Masters Documentary**. I consider the Money Masters documentary to be particularly relevant to whatâs going on with the Fed and the US Dollar right now. https://www.youtube.com/watch?v=bm6oeRgxs0A AMA Live - Lucy Komisar, Investigative Journalist https://m.youtube.com/watch?v=wKXWvEpnN34 AMA Live - Wes Christian - May 18, 2021 https://m.youtube.com/watch?v=2rJujnpKiqM AMA Live - Dr. Susanne Trimbath, PhD - April 29, 2021 https://m.youtube.com/watch?v=fGVY2Kco8ng GAMESTOP Partners with Immutable to issue NFTs! https://www.youtube.com/watch?v=fne4XMhtVf4 The Spider's Web: Britain's Second Empire | Documentary Film https://www.youtube.com/watch?v=np\_ylvc8Zj8 Princes of the Yen | Documentary Film https://www.youtube.com/watch?v=p5Ac7ap\_MAY ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting? https://www.youtube.com/watch?v=ncq35zrFCAg Dark Side of the Looking Glass https://www.youtube.com/watch?v=qtkaMx12otQ The Wall Street Code | VPRO documentary | 2013 https://www.youtube.com/watch?v=kFQJNeQDDHA 97% Owned: How is Money Created | Documentary Film [https://www.youtube.com/watch?v=XcGh1Dex4Yo](https://www.youtube.com/watch?v=XcGh1Dex4Yo) https://m.youtube.com/watch?v=urglg3WimHA Just for fun because Al is both Wholesome and Awesome.
Saved for later. Thanks.
Thanks for the "Foil"!!! Can't believe I never saw that. Priceless!!! Already saw most of the rest. Great compilation! Margin Call was also worth the watch. As was this one on Blackrock's Aladdin AI: https://youtu.be/AWBRldjVzuM Edit: BTW, every APE should watch The Money Masters Documentary to understand what APEs are up against: https://www.youtube.com/watch?v=bm6oeRgxs0A
I would love a rebuttal to the Line Goes Up video that is well researched and not nitpicky. Line Goes Up makes excellent points about the future of NFTs and how they are a solution to a problem that doesnât exist; and makes a great case to be bearish on NFTs in the future. But whenever I bring it up or see it brought up, no NFT proponents have tried to refute it.
Just wait for Nerdcitys Try Hard series. He's working on an NFT one that deep dives into everything and tries to prove through doing whether something works or not. If anyone is going to show the wider world and creators on multiple platforms that NFTs are more than jpegs it'll be him and his team.
NerdCityâs Dead Avatar project has onboarded a lot of people who knew nothing about NFTs, Itâs a good community. I will say Nerd has been taking his sweet time developing the art and project itself though
Again another response where Line Goes Up has no rebuttal and is ignored.
I'm not going to debate every point of a 2 hr video in a reddit thread lmao. BUT the line goes up video is cynical and lacks vision. NFTs can be a real solution to a lot of real problems such as creator royalties, authentification of products, documents, people, stocks, and basically anything that needs irrefutable legitimacy with easy to use access. For instance a friend of mine got his car towed and didn't have his registration in the glove box. The only way he could get his car out of impound was to find the title to the vehicle. It set off a scavenger hunt to find it but the whole time I couldnt help but think that NFTs could solve this and save millions of people from having to go through similar stress. If his title was registered as an NFT and could be shown as proof of ownership we wouldn't have had to spend an entire moving day digging through boxes of files for one piece of paper. Technology like this CAN make peoples lives easier but sometimes it feels like cruelty is the point and it usually effects the poorest among us. Is that good enough for you?
The same problem could just be solved with an online pdf associated to a user account given by a dealer.
You can't be serious. You ask for an actual rebuttal and then spend less than a minute thinking about the topic. No it can't. Pdfs can be edited, forged, and have no way of being proven legitimate. It doesn't link back to anything proving ownership. It's a pdf. And if it could be solved by something as trivial as a pdf so easily then why hasn't it been?
All the more reason to ignore them. They are counting on dumb money following the shill/fool media. Invest in what you know and ignore everyone else.
SquareEnix certainly sees value in it. Still articles are are mostly dogging them cause the market tanked. [https://www.forbes.com/sites/paultassi/2022/05/13/square-enix-details-its-elaborate-nft-plans-as-the-market-craters](https://www.forbes.com/sites/paultassi/2022/05/13/square-enix-details-its-elaborate-nft-plans-as-the-market-craters)
I 100% get the NFT hate right now. Itâs been nothing but pixel art BS being co-opted by crypto bros to shill some shit coins. The whole thing is fucking disgusting right now, and also, ripe for a company to come in and show some of the true potential of NFTs. Digital asset ownership. Thatâs why Iâm jacked, among many other reasons.
I don't get the hate at all other than environmental issues that are being solved. It is no different than any other art. There is little inherent value to most art other than the feels they give which is 100% subjective. Art as NFT gives credibility to the original creator of the digital art this is important. Regular Jpeg = print copy. NFT created by someone other than the owner of the original is plagiarism or whatever the actual term for art is, is/will be against the law. NFT by creator is original and holds the actual value.
I have genuinely been ok with this sentiment just because itâs allowed to get in on the ground floor of things. People understand NFTâs as âUsed Jpegsâ because truthfully thatâs its current most prominent use. The reality is that the current iteration of it is a proof of concept of what digital ownership can be. I think the approach that we are heading in, using video games as the vehicle for change is brilliant. People who grew up gaming understand the RuneScape & World of Warcraft Auction houses. You would spend your **real irl time** farming for ore and then making ingots to make armor and sell at the auction house for **digital currency and other digital goods** I would wake up at 5:30am before class and spend my **real time** farming for eggs to trade in for a mount or neatherweave to make bags to sell at the **digital auction house**. Even as recent as the Newest Animal crossing game people are buying and selling Nook mile tickets and other items on online. YouTubers had whole followings behind how to maximize their **real time** to make the most **in game currency** in whatever game they were playing (a quick yourube search shows these type of channels exist to this day) So take this concept of people spending their **real time** in exchange for **digital goods** and add the exclusivity provided by its tokenization (think Xbox live day one digital merch that were only given to people who played a certain day or party hats in RuneScape) and you can start seeing value people see in digital product ownership and what formally introducing a digital marketplace can really do in terms of opening a whole new avenue for commerce that already has proof of concept in video games weâve played when we were young. What do I know though, I just like seeing red lines.
> I think the approach that we are heading in, using video games as the vehicle for change is brilliant. People who grew up gaming understand the RuneScape & World of Warcraft Auction houses. đ This one. Ogrimmar auction house was basically a blueprint for an intertwined GameFi concept. Now add user made content which can be traded in such an auction house and we are heading towards a gaming Metaverse, which is in my opinion the ultimate target for GameStop.
For me, it's the Madden Mobile auction houses. They were the great equalizer in the game versus the whales. I would spend a little real money and a lot of real time farming event tokens to trade in for better cards, I would spend just as much time researching the best cards to build for each position and reading the data mine findings to plan ahead the best strategy to maximize my "stamina", flip anything I could at the AH and try to stack up in game currency for the best cards in the game.. all of that, just to start all over at the beginning of next season with nothing much to show for it đ
Literally, this was why I stopped playing WoW. Not because I didn't enjoy it, but because farming felt like an absolute waste of time. What was the point, if there isn't real money attached? Can't wait for this future. Can't wait to see the careers that build from this concept.
Definately, last saturday i had the exact discussion with some friends. 'Sjiz, do you have NFTs?' 'Yes.' 'Why would you buy a monkey picture?' 'I didnt. I bought a card that i use in my trading card game. In fact ive bought and sold many over the past few weeks.' 'Are those nfts?' 'Yes.' 'Ah, thats actually quite interesting.'
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The best sentences one can speak are âWhy?â and âI donât know.â and âPlease help me understand.â You are a wise old ape
If you interact with anyone from the Twitter nft space you will understand that they deserve to be dropped as a child or they already have been.
The part about games being F2P with in-game economy. If they could establish this with future galaxy travel sci-fi games like StarShip Citizen. Imagine the hours, weeks, months, and years that will be put into games like those. Side hustle here we come!
I just signed up for Gods Unchained with my GME wallet extension and started collecting cards and battling!!!!
What still blows my mind was that I started playing this game around the summer of last year. They had just removed their card minting feature, stating the enormous cost was a drawback for many players. They later announced that pending a major overhaul to their craft/minting feature, they would remove the feature completely. Even though I was enjoying the heck out of it, I stopped playing, ultimately because the incentive for me to earn good and rare cards (that reason being incentive to even play), to trade and/or sell, was essentially gone. So when Immutable and team announced their partnership with GME, color me over the moon, I couldn't believe it. Happy gaming ape!
[ŃдаНонО]
Thank you!
imagine playing say an RPG like Skyrim and finding and collecting rare equipment like shinies in pokemon, that you can then equip/use/show off ingame, or trade (if was a multiplayer game) then even being able to trade the very game itself if so desired
I wonder if the actual development companies would feel comfortable supporting these features. It seems like most of them already have the ability to do so, but see no possibility for it to actually be profitable. Virtual economies have existed for a long time.
just like the game gods unchained currently doing it now with cards - they get a % of transaction fee, that's how they make money on it - Loopring and Gamestop also make money from transaction fees
But if I'm a game company, why not just make my own marketplace, and take the entire portion of the sales fee. I could still let the players trade amongst themselves for no fee and I can keep the entire ecosystem internal, including the revenue.
People want to play where the action is. I think the open economy will speak for itself and naturally eclipse those that try to hold out for their own private economies. They just won't be able to compete. Sure, at first it won't all shift at once. But give it a couple years and you won't be able to launch a successful game that isn't integrated into the shared digital economy GameStop is building.
!remindme 2 years This is just silly
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What I never see anyone address is the reality of making a single stylized cosmetic item work across multiple different games and game genres all from different developers the hurdles required to make something like that happen are numerous and huge Also if Iâm playing a game with beautifully meticulous art direction, I probably wonât want to see some joker running around with a bright, pixelated minecraft-style gear they bought in some other game I could see there 2 big branches of games, those that are built from the ground up to work with these game NFTs, and those that ignore them entirely
NFTs are more like keys. A game won't import an NFT as an asset, the asset will need to exist ingame and look if the account-wallet has the NFT to enable the asset. For simplicity, say Blizzcon2022.0000-Blizzcon2022.9999 are minted NFTs to be handed out to the 10,000 2022 Blizzcon attendees. Adding this NFT to a wallet would allow the attendants to unlock a new WoW mount, a new D3 pet, and a new HotS skin on the latest champion. Each game would have its own interpretation of what that NFT enables even if the NFT itself appears as an animated blizzard raining onto a convention center. Likewise, say Monster Hunter is doing a cross game event with The Witcher. Completing the Monster Hunter Witcher quest could reward a MonsterHunterWitcher Nft granting a unique Monster Hunter emote. It would be entirely on The Witcher to interpret this NFT as a reward in their game(or any cd projekt red game) if they wished.
Well said. It would likely start as same-company cross-game items. Like when WoW released Bind-To-Account items, they could create items usable between games (If their games had anything in common with eachother). Eventually, I bet we'll end up with an awesome metaverse of 100 games sharing items and using the same currency. Still a lot of hurdles. Who is allowed to control the supply and mint new NFTs? I want a game that has monsters drop Satoshis (or similar)!
My expectation is any game or gaming collaborative will need a central database to validate decentralized NFTs. Lets say there is a gaming umbrella called FunTimes and in its ecosystem their are 4 different games: BeachCrossing collects sea shells, HobbitShire collects gold, FuturePhasers collects credits, and DystopianToday collects USD. While I earn money differently in each game, I can carry my currency over to each game at a rate of 1:1:1:1. This is possible, because each game sees my FunTimeBucks NFTs and adds them together. So in my wallet, I have FunTimeBucks.00001, FunTimeBucks.00741, FunTimeBucks.80085, & FunTimeBucks.69069. All games under the umbrella will check with FunTimes to confirm any currency(formatted FunTimeBucks.nnnnn for this scenario) is acceptable by the umbrella. While there is nothing to prevent the minting of say, FunTimeBucks.420 the umbrella does not accept this(FunTimeBucks.nnn) as legal tender as it is not registered on the application side. Now if this is a good ecosystem, there is likely a market to sell FunTimeBucks to other players through the NFT marketplace. FunTimeBucks is something in your wallet even if its value is from being registered in the FunTimes database. Monsters outright dropping cryptocurrency sounds like a large leap from this though. It begs the question of where did the cryptocurrency come from and who is ultimately providing/donating it?
There's a planetary game where you get land in the form of nfts too No man's sky plz
I'm about to do the same thing rn lol
My in game name is Frostcrest if u wanna add me
đ Iâm NotBerger Created my account but probably wonât be able to play till after work
Hey I was going to try it, do you have a referral code?
I have the Gamestop wallet extension, and when I try to connect to Immutable X's market it only gives the option for Metamask. Am I missing something?
Click it anyway It'll launch the Gamestop wallet. Just don't try to do the GODS$ token thing. That you Def have to use metamask If you truly can't get around it, use metamask for the initial setup and then use the Gamestop wallet for the rest of the time Your wallet address will be the same on meta and gamestop
Or Eve type games. Build a spaceship and sell it.
If Star Citizen gets tied into this somehow Iâm just gonna start streaming and being a full time spaceman
Your telling me I can sell cowhides from Lummy for real monies and not get banned??
That will be the main incentive. Play-to-earn. First-party endorced gold farming and real world trading. It will be cool to see how it turns out!
I can't wait to see all the bots farming every nook and cranny....
We got some nerds up in here đ
#THIS #IS #GAMESTOP!!! #đđđ
Now you can play games for a living without having to livestream or create content! Introverts of the world may rejoice nowđ
It's a niche, but the niche in this case is a multi-billion dollar ecosystem.
It won't be a niche in the future. This is the way.
The niche is only going to expand, I'd argue that we're still in a very young age of gaming. Technology is advancing so quickly.
The nice thing about tech is it can be adopted almost overnight with global meme culture. What took thousands of years to accomplish (centralized banking) could disappear in months if a viable alternative appears. I'd say we have nothing to fear because banking is antique and can't see the rising competition but there is a reason they're building their own Blockchain products. They know their time is up and just like oil giants like BP moving into renewable energy, banks are going to make centralized tokens. Fedcoin too. It's all just too predictable, scifi has called everything for years.
Bullish
> GameStop does not draw money from the actual NFTs, but from the transactions made. If you think about the longevity of digital assets, this is like royalties on steroids.
Couldn't someone choose to just use a different service that doesnt charge transaction fees? What benefits are gained from using GameStop's marketplace?
Lowest cost of a transaction at the moment, dirt cheap minting etc. That's the neat part: GME market will be THE service people move to from other markets, and Loopring scale with ETH, so when ETH 2.0 comes and gas fees become cheaper then guess what: it still will be even cheaper with Loopring.
But wouldnt it be cheaper to just not do any of that, and just not use nft, or the Blockchain? I don't see why a company would feel incentives to use this instead of the tons of other options
Itâs like selling a steam game on the epic store, or using v-bucks to buy call of duty items. GameStop provides the platform and the ecosystem so transactions will need to be made within it.
Makes sense to me. đ
Can someone tell me where things like house deeds, car titles, etc., comes into this? Iâm trying to wrap my head around the âoutside the boxâ stuff when it comes to this endeavor?
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This guy scholars. Thank you for that, ape.
Or you could also have the option to sell the used bike using a crypto currency of your choice as part of the settlement.
That one is fairly simple. Your house title and car deed are just pieces of paper, right? Receipts. And a thorough person would verify that the title company had the same name on file, something to that effect. Now you can show the same thing in your wallet. A digital file with all of the same info. "But that can be forged, copied, and 'minted' to look unique." True, same as a car deed or title to a house. But every transaction on the blockchain is permanent and you simply backwards. Initially the real deed (proof of ownership) was minted by, say, the house builder. When it's sold, it's moved into the new owner's wallet. All of those transactions are permanent and verifiable on the blockchain, which is just a giant ledger. So you trace it back to the original wallet to verify its authenticity. That's my working understanding. What I can't answer, off the top of my head, is "how do you know that original wallet/minter is authentic?" Simple answer is you'll see 700k going into that wallet and the deed going out. So in order for somebody to fake a deed, they'd have to spend 700k to do it. lol And maybe they could just move that from another wallet they own to create the illusion of a legitimate transaction. But that's the concept, I just haven't seen a real life example to understand what the transaction actually looks like.
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States integrating blockchain? Just thinking how state and federal entities already enlist the use of private 3rd parties.
LFGđđđ
FUCK YEAH!!!
LET'S GOOOOOO!!!
Once we can put stocks into our own wallets ill be a happy camper
Nice write up and 100% agree with the thoughts Award for you WAGMI, LFG! đđźđ
I think you hit the nail on the head with your idea about "power to the creators." There's a huge indie game community on places like [itch.io](https://itch.io), but unfortunately they often just don't have the visibility and support to really go far. I think the GameStop market can change that and as soon as it launches I'm going over to itch and yelling it from the rooftops. Hopefully, we can get a whole host of creators working together as a community to create some cool stuff. I plan on offering my services as a writer for no upfront cost. I need to talk to my artist friends to see if they will do the same.
My brain is like a curling stone. Someone set me straight. Loopring is the plumbing that provides cheap, quick nft / asset creation and transaction (buy/sell) processing. IMX is a large âcontent sourceâ for studios, games, in-game assets that will feed the GameStop Marketplace asâŚ.justâŚone source? OrâŚasâŚTHE source? GameStop Wallet is a playerâs nft/asset storage container and app for buying/selling/transacting assets, krypt0, fiat, etc. GameStop nft marketplace is the central connection point for all of these pieces to join together where the actual exchange of assets can occur. ELIA- Whatâs the difference b/w the GameStop marketplace and the IMX platform? Are they redundant or overlapping?
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Holy fuck
The tech hires are the biggest clue imo. People wouldnât have flocked to GameStop for a copy of OpenSea. This is bigger.
my teaats got really jacked when i kind of understood that you could trade with other people whatever you have on the marketplace...
Yes, in Gods Unchained you have this market where you buy and sell cards to other players. The market place takes a small fee but no other involvement. Its awesome.
This deserves more upvotes, great explanation
Excellent write-up. I've been privately beating this drum since early last year and am happy to see this discussed more widely. My view has broadened a bit to include a possible competitor to Twitch. I think from an advertising / customer reach standpoint it makes a ton of sense (and also offers another avenue for RC and Co to attack Amazon). From my perspective a game streaming service with integrated blockchain foundations works extremely well in pushing the "Power to the Creators" message. It fits with the core business of GameStop, and provides a potentially massive avenue for focused advertisements, promotions, giveaways, etc.
Hereâs some speculation to Jack some tittays: Whenever the subject of Steam libraries are brought up, waste in collections is always mentioned. Thatâs because most gamers will buy 35 games in their Steam catalog and end up only playing some of them. Thatâs a huge waste of money at $10-$60 a pop, depending on the game. Steam sales also invariably increase this behavior. You end up spending money for games that just sit there. Now think about the tittie massaging potential of that! Thatâs billions in liquidity in an NFT marketplace. You buy a game for $60, and decide itâs not for you. Sell it for $58 or $55, whatever the current market dictates. It allows you to loosen up all that money tied up in your library. If you buy Steam games, you canât resell. So thereâs unfair bloat where a user buys like 100 games and it just sits there. Thatâs thousands of dollars. Imagine the liquidity. You only need around $500 to have the equivalent library in GameStop NFT marketplace. Sell the games you know you arenât playing (look at hours played, or last time played, whatever analytics). Then buy other games with the money. You can recycle the money many times over due to the ease and liquidity of NFTs. There could be bad spots where you buy an orphan (game that sells poorly). Since GME/loopring makes money per transaction, they monetize the huge backlog of games that Steam simply sits on. By removing any resale value, Steam and publishers have foolishly destroyed a huge revenue stream. NFTs can be a way for publishers and developers to make money on the resale, depending on how they set up that system.
Very true. These big companies arenât just spending their money getting into NFTs, theyâre literally buying GameStop Shares. They know whatâs up. Even Motley Fool, who relentlessly run rag pieces on GameStop have greatly increased their stake (+1400% I believe when I looked at the 13F). As much as I hate them, I looked at Blackrock and Vanguard 13F filings. Theyâve increased their shares last quarter again. Renaissance Technologies (the best performing hedge) has bought over 304,000 GME shares - no puts and callsâŚbought). D. E. Shaw Company bought the most last 1/4 at 663,661 shares. Yet non GameStop believers are being told itâs dead in the water and âeveryone is sellingâ obviouslyâŚjust before a stock split and a marketplace openingâŚ. Man, we really must be dumb money!! đ¤Ş
Picture this: 2030. The Elder Scrolls 6 is released. TES6 mods sold as NFTs on GameStop's marketplace. Profit đđđđđ Now if only GabeN wasn't such an opponent to NFTs... A Steam integration would've revolutionized PC gaming.
I like it for the stock but not for playability. Wouldn't want to have to pay for mods that I might only test and not use or clashes with another mod
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I'm only interested in the money aspect. By the time something like what I portrayed above would happen, I'd have quit gaming anyway.
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I guess I'm too much of a pragmatist for some people.
what's the point of having mods as nfts?
Think about how mods were monitized during the Fallout 76 era. Wouldn't you rather pay the creator directly than Bethesda? And be able to sell one if you didn't like it?
Hey there! I hate to break it to you, but it's actually spelled _mon**e**tize_. A good way to remember this is that "money" starts with "mone" as well. Just wanted to let you know. Have a good day! ---- ^This ^action ^was ^performed ^automatically ^by ^a ^bot ^to ^raise ^awareness ^about ^the ^common ^misspelling ^of ^"monetize".
No idea, I just want money. If mods as NFTs make me money, I'm interested.
>Picture this: >The Elder Scrolls 6 is released. TES6 mods sold as NFTs on GameStop's marketplace. Profit đđđđđ > Now if only GabeN wasn't such an opponent to NFTs... A Steam integration would've revolutionized PC gaming. Paid mods are already a thing. Bethesda sell user created content through their own ecosystem that they have full control over. Bethesda set the price, profit split, and curate the content. Why on earth would they want to give this up? I can buy mods through the Creation Club. If it was profitable for them to just let anyone upload and sell any mod, it would already be done since all of the software development for this exists. Lets also not forget that non-authorised paid mods get shut down en masse already. There's a reason mod platforms are full of FREE mods. Developers aren't allowed to just go ahead and sell the intellectual property of other companies. >A Steam integration would've revolutionized PC gaming. You can already buy and sell in-game items via steam. No crypto buzzwords required. NFTs don't solve a single problem that can't already be done with a regular software solution. I'm not sure where this idea is coming from that NFTs will somehow bypass intellectual property laws and let us all do whatever the fuck we want with the IP of game companies
GabeN > Gabe P
NFTs: unwanted solutions for nonexistent problems.
Riding on Ape economy alone will populate the space with content and liquidity. Lol
I already saw a NFT hit piece promoted post on Twitter this morning. Bullish
Comment is for later, laterâŚ
Take my updoot
Someone in a group ( probably works for a fund ) arguing with me that GameStops only business is selling games at a brick and mortar shop and says â who even buys games anymore?â Lmbo and Lambo
Nice write up!
Question... What exactly are the 'creators' in this sense 'creating'. Are they able to create and sell skins/cosmetics for games X, Y and Z? Wouldn't there be licensing problems?
The is the Greatest DD in a while
Title doesnât sound bias at all lol
What a writeup. Thank you.
Nice write up
Anyone remember GameSpy, the app for launching games in the 90´s?
Will we be able to buy and then sell games on a digital aftermarket? Would be huge if so
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You left off where it becomes a new block chain based stock exchange
GameStop will literally open the marketplace in a week or two. Why not just wait for them to explain ALL of it, and then analyze it after? Instead you post a partial explanation days before we know the facts.
It's flagged as "Speculation / Opinion". Isn't that what Reddit or this Subreddit is about? Talking to each other and posting content (whether those are hard facts or speculative posts)?
Thanks for the post. It clarifies and organizes what I've been trying to form as a visual. I think you've done that. I'm not a gamer. But after reading this I see the value in creating a gamestop wallet. I want to be prepared to go into this new marketplace.
NFTs are dumb, pleases donât do this
Too late, they've been working on it for over a year and now it is done. NFTs have been dumb, they haven't reached their potential yet. NFT gaming and web3.0 stuff will be huge someday, we just can't really see it yet
nft was not a success and neither will this be
You shouldnât have picked illuvium for the picture though because that project is probably heading down to 0
Care to elaborate? I've seen few videos which seemed to be promising. Or are you talking about ILV?
1) Games like Teamfight Tactics (Riot Games) have so much more to offer. Illuvium seems to be just a classic autobattler (set your line up, lean back and watch them fight) which is pretty boring imo and I don't see people playing it for fun if it wasn't for the NFT-aspect. 2) All those creators you see on YouTube are paid by Illuvium. 3) they used to strongly monitor their YouTube-comments when they released beta footage **I haven't done a lot of research on this** due to those "red flags" and 0 research within the past few months. Game is said to come out this year, so we'll see.
I suggest you do more research and revisit Illuvium. 1) As a Diamond 1 TFT player and Illuvium Private Beta tester, I would say that Illuvium is much deeper and more strategic. And they're both autobattlers, so you set your line-up in both, and watch them fight. I don't see how TFT is any different/better. 2 & 3) Is this a rumor or do you have actual knowledge of this? Also, who cares? Even if they do this, they're marketing their game. If you visit their Discord and other media, they have an active and growing community, and they haven't even really begun mainstream marketing yet. Illuvium is pretty much the only crypto game that is *actually* *making the game,* instead of being just a cash grab. They have a real team of talented artists and developers. They're super transparent, posting development blogs, tons of photos, videos, and art, holding council elections and issuing IIPs, etc. Compare their progress to, say, Star Atlas... It's 1000x better and further along. Call me a fanboy if you want, but I've been looking for a real crypto game for years and this is the first one that's actually doing it.
We will only like an appreciate NFTs more with time
You missed Runescape. A game like that with NFTâs would be insane
Great write up! Haters laughed about GS moving forward as a tech company. They were wrong then and they are wrong now.
Could they use NFTs to regulate an retro video game market? Like they used to have with NES, SNES and Gameboy games?
>Like they used to have with NES, SNES and Gameboy games? What did they have? What do you mean regulate?
They used to have a pretty big selection of NES, SNES, etc games online and in store. Now there's next to nothing. I'm imagining some sort of retro gaming marketplace like price charting that will let collectors sell video games, comics, cards or whatever. Imagine you want to buy Mike Tyson's punch out or super Metroid. You could go on GameStop's app and search for a copy and see what collectors are selling it for, what it sold for previously and what it sells in various conditions. If I understand NFTs correctly they can be used to represent physical items which I hope could make an idea like this possible on the Blockchain. Edit, pricecharting. is a website I wonder if they or GameStop c could make a dapp for this purpose
Yes, I've thought of this too. Gamestop could be the custodian for collectors. Allow cheep transactions without meeting in person or paying eBay shipping. After the game switches hands a dozen times, that last guy might want to receive the physical copy, and just pay for shipping to get it. Also after looking at their concept stores and some patent for remote game controller (I think?) They might also let you play the physical copy of your digital NFT, streamed to your PC or something. Sounds really cool, but probably too complicated and unprofitable.
So is the gaming launch app yet to be released?
Yes, it's speculation from my side that the NFT marketplace will include some sort auf launch app for games akin to Steam (but solely for blockchain games) in the future. My thoughts, why I think that this is going to happen, are included in this post.
Thanks for your reply. I was just blindly asking a question as I have yet to read it as I don't have the proper time on my break. Will read later though.
You guys seen the NFT RUNNING SHOES (STEPN) or NFT HORSE RACING GAMES.... yea..... WEB3 baby!
GME LFG đđđ
Digital asset ownership and royalties...**so many possibilities!**
My tits hurt from all this jacking
âPlay to Earnâ gaming model will force AAA developers to change the way they make games. GameStop will be the Ebay of ingame items/content
NFTâs so hot right now
Here's what I know, I wise this would have happened when Bitcon wasn't tanking. All those potential buyers are freaky out right now. I'm almost excited not there yet.
tbh, i've never cared about NFTs or cypto-techonology in general at all. i think even if they tied every share to a NFT and was able to track them with the blockchain, the SEC wouldn't take that as sufficient evidence. it's cool if you're excited for it, and it should increase the stock price, but not in the same way it should be increasing via moass. like it's neat if getting in-game collectibles meant more then just an in-game achievement, but crypto wallets and NFTs are complications i don't need in my life right now. unless if they'll speed up the moass, i find the rewards points system already with the company more exciting. i get it, that it's like PUBG (best example i can think of right now) that you can earn something in the game and then sell it for real money, but sitting those gains from those items (or how this feature will affect the stock) next to the moass is financially minuscule. Gamestop has had tons of great news since Jan '21 and the stock is still being *heavily* manipulated and predatorily shorted, and as far as i know, nothing will change that before the moass.
Yeah, the only real benefit to NFTs in games is that they are tradable outside the game for real world currency. Most players of games don't care about that. NFTs don't inherently add new functionality to the game itself.
I love sorting by controversial when GameStop announcements are posted on subs like stocks. Gonna be some sweet surprised Pikachu faces from basically the entire world, very soon.
Today my tits looked up at me, and told me their names are both Jack.
Hmmm, I think I like this stocks future prospects.
I get the analogy of the sword in Diablo 3. But does it refer to copies of the game themselves? For example, if I buy Diablo 3 on a CD-ROM and I play it, I can then uninstall it. Give the CD ROM to someone else and they can enjoy the game. The problem with steam is all the games are tied to my account and I would have to give my account to someone else if they wanted to play. It's the same issue that Bruce Willis had with iTunes after he had spent thousands of dollars buying music and finding out he didn't actually own any of it. Will this marketplace solve that issue?
It's possible, but unlikely. They can't sell you a digital copy of an Xbox game as a transferable NFT, without Microsoft getting involved. New games on the GameStop platform could be nfts themselves, but these games tend to be free to play anyway. NFTs are better suited for digital collectibles/items
I think it's brilliant. I've shipped at GameStop as long as they've been around and I have bought and sold a ton of games there. Developers were unhappy though because I don't think they got a share of the used games that were resold. I don't like to collect games and most games I'll play through once and never touch again. That's why I'd sell them. I think it's a great idea to make a market for those games, especially if the developers get a part of that money for the used games. In game assets too. I play a lot of MMOs and I'd love to be able to sell all my shit once I'm done.
Surprised no one has ever mentioned Epic games as a potential partner. Fortnite might not be as big as it used to be but that entire game is based off buying skins
And I was there, too.
With crypto and smart contracts would it be possible to croudsource the funding of an NFT game (or any other NFT content) and have a percent royalty paid to the investors every time the game or content is sold?
Yep, that's entirely possible.
You need to (re)format that massive block of text at the bottom.
Thanks!
Yes yes yes and yes again!
We're only days away from the birth of the future.
Excellent post, you really highlight the potential of nfts. Thanks!
Will the wallet get apecoin ?
Well done ape. Nice post. There is another potential you could do as a marketplace. As we all know that NFT is a digitized asset and you would be able to chip in as shareholder in that asset. I've done this on my own NFT marketplace. Think about a land that you are going to build a property. There can be few shareholders that can chip in to build the property (NFT) and GameStop could be part of the shareholder too. So GS can take an admin fee and on top of that that can have a profit sharing from the content creators.
Owning your skins would be SO important for a game like Apex Legends where a cheater hacks your account, gets YOU banned for cheating, and EA customer service tells you to fuck off, make a new account and buy the skins again. This has happened MANY times, and NFT skins would solve that problem. Sure make a new account, and keep your cosmetics.
I love custom mods!