News for hackers. Stuff that matters.

A comment on GameStop Ends NFT Marketplace, Is This Beginning of the End?.

Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @02:20PM (#39004901)
As someone who still proudly owns one or two (actually 'useful') NFTs I never heard of s gamestop nft marketplace.
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by BasedInfra on Monday January 15, 2024 @02:22PM (#39004936)
What utility do your NFTs have?
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @02:26PM (#39004982)
I have land on Sandbox game. Which didn't cost a lot when I bought it initially (like $80) and is still worth much more than initially paid while the game is slowly still majoring. Could have sold them for 15k each in the NFT hype but I rather build my imperium in their universe one day :)
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by blairbeckwith on Monday January 15, 2024 @02:27PM (#39004999)
Phew, that was close. I thought I had missed a story about NFTs having actual utility.
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by I_Am_Nous on Monday January 15, 2024 @02:38PM (#39005134)
Seems like the only "utility" is hope - hope that an $80 bet turns into more.
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:11PM (#39005469)
Current market value is at ~$600 and it's a playable game with actual users getting regular updates. It's more or less the maximal value of all NFTs I can remember right now.
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:24PM (#39005601)
It's about as much utility as one of those Wii figures for $40. Why don't we simply appreciate that some NFTs aren't total bullshit but fun tech toys?
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by jrflowers on Monday January 15, 2024 @02:37PM (#39005122)
This is an excellent point. Few people can appreciate the utility of losing tens of thousands US dollars by hodling
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:20PM (#39005565)
I know nothing about actual investing. I am just happy when I buy thing at value A and sell same thing and much higher value B.

The rollercoaster in between is to much stress and usually not worth the ride

[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by jrflowers on Monday January 15, 2024 @04:15PM (#39006198)
This is a good point. “Utility” means “something that makes me happy” and “sell at higher value” means “not selling a thing”
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by foobiekr on Monday January 15, 2024 @03:45PM (#39005857)
The videos I posted at top level are, unintentionally, for you.
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by NicoJuicy on Monday January 15, 2024 @02:26PM (#39004987)
You're image url didn't go offline yet?
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:13PM (#39005488)
People get really pissy about my $160 investment here. No, the land is still there, the game still in active development. People spend $100 on AAA games and $500 on Kickstarter early access bullshit but me owning a bit land in an actually playable game is weird ..
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by PhasmaFelis on Monday January 15, 2024 @03:29PM (#39005660)
> People spend $100 on AAA games and $500 on Kickstarter early access bullshit

If it helps, I also think those people are weird.

[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by herbst on Monday January 15, 2024 @03:31PM (#39005687)
I too think that. But I guess most people spend money on things that are weird for others
[ Parent | on HN ]
Re:GameStop Ends NFT Marketplace, Is This Beginning of the End? by NicoJuicy on Monday January 15, 2024 @07:25PM (#39007879)
Why would I be pissed about your "investment"? I earned * 9 with crypto, when I sold end of 2017. I'm at peace with that ( selling in that periods high) and shifted to stocks.

I'm just pointing out that NFT's, in a lot of cases, just point to an image on a website...

Why are you upset about that?

If you wanted me to be more specific, you didn't give me any details.

Now that you did...

How long did you have that "land" and what's it worth now?

[ Parent | on HN ]