It is difficult for the average person to conceive of how useless NFTs are

Re:It is difficult for the average person to conceive of how... by spywaregorilla on Monday January 10, 2022 @10:25AM (#29876239)

> 1. With NFTs games can take a cut of resales. With something like cs:go there was a substantial secondary resale market for things like skins, which valve wasn’t able to capture but with NFTs they could have taken say 10% of each resale.

So what is EA's incentive to join the Valve blockchain where Valve gets 10% of each resale? And if there's no incentive for EA to join, why isn't it just a centralized marketplace rather than a blockchain?

> 2. Because the data is public it’s possible for other games to bootstrap off the data (we have seen this with “airdrops” in the crypto land). Meaning a game which is coming out can give some perk to people who own X in fortnite because they think their game is similar and want to entice people to try their game, especially people who they know like fortnite.

Valve and other companies already have this data, in much greater specificity than "this wallet owns a longsword".

[ Parent | on HN ]

Re:It is difficult for the average person to conceive of how... by judge2020 on Monday January 10, 2022 @10:31AM (#29876329)

> So what is EA's incentive to join the Valve blockchain where Valve gets 10% of each resale?

They already can do this via the [non-nft-based] Steam marketplace where Steam itself takes a 5% fee from every transaction.

[ Parent | on HN ]

Re:It is difficult for the average person to conceive of how... by spywaregorilla on Monday January 10, 2022 @10:40AM (#29876489)

That is entirely the point. Centralized is just obviously better.

[ Parent | on HN ]