The Future of NFTs in Gaming (Part 1)
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- Опубліковано 7 кві 2022
- Shibetoshi: / billym2k
NFTs are coming to gaming whether you like them or not. Gamers are naturally skeptical and really dislike cryptocurrency & NFT technology in their games. The space filled full of scammers, spammers, and trolls. In today's video I want to briefly explain what a NFT is, talk about their potential upsides, how they intersect with gaming, show off some top NFT games, and a fun interview with the inventor of dogecoin. Part 2 is going to be all the bad stuff and will be coming soon!
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I haven't yet seen a game that allows you to make money playing it that isn't exploiting it's playerbase. Thst little fact alone makes me very suspicious of NFTs in gaming.
First. I am biased. So, you do you. But after I learned about the Bored Ape mint and passed (they were $190 of ETH, I laughed and thought I’d rather keep the ETH) I left the Discord of the guild I belong to because it sucked. Seeing people sell an ape for 60k was bad enough until they went to insane levels.
I know how profile pic NFTs work. It’s like Pokémon. 10,000 Pokémon, algorithm assigns each a trait amongst hundreds of traits. Everyone pays the same to mint. If you are lucky you mint a rare one.
This is the game.
This is the point, why people get obsessed.
So I used the rewards from my exchange debit card and minted a project. It was a BAYC knock off. I got lucky and mine was rarity 256.
I sold it.
At the time the exchange token was trading at .59.
I sold it for 25,000 of this token.
I cashed out half.
You get $7000 what do you do? Bank? It loses value due to inflation.
I exchanged for a stable coin called usdc. I then stake this in 3 month chunks on an exchange for 10% yield.
The other half I left as the exchange token. Why? Because it’s a bet that it will increase in value.
This is fine if it goes to 0.
The exchange token was free.
One day there won’t be a game that is boring or exploitive. Chaingaming is no different then traditional gaming.
I find Candy Crush boring. Many mobile games seem pay to win.
This space will be no different.
But a game like Eve Online can simulate the thrill real life gives you. People pay for this game. But they build vibrant corps and create an economy.
I give my main chaingame 17% chance of developing. A 4 year time frame.
I bought Solana in Feb of 2021. Not crazy money. Think RTX 3080 ti money.
When Solana went crazy I cashed out all profits and just left initial investment.
I gambled on this game. I don’t care if it is just 17% chance.
I can stake my spaceships and earn back my investment in a year. I’ll keep staking even if it takes years or evaporates.
The reason I do this is the insanity of a game that looks like Star Citizen or Elite Dangerous with the intrigue of Eve would be massive. It is not just about making money.
I want to live in that future.
Look at what Axie Infinity did for people in the Philippines. Gamers hate this space so much and never bother to learn.
You tell me it’s bad that someone can earn more playing a mobile Pokémon crypto game then working in a field all day. I think that’s awesome.
So I want to be able to allow a person in a developing country to pilot a cool spaceship in an Unreal Engine 5 game in a few years…fly around and be part of a galactic war or act as a spy.
:::::blockchain is not just dog coins. Think of it as a possible next gen internet. ETH really is the Ethereum Virtual Machine. If you have not heard of that just google.
Few people in a developing country can own a descent gpu. Blockchain has Render….a way for gamers to earn on their idle GPUs and to allow a global chaingame to be played by many more people then could even play Star Citizen right now if it was a free to play game.
I think that’s cool. So I invest in Render.
Nobody made it down here. Fine. For someone possibly reading this in 2023 or 2024?
Render was less then $2.00
Polis was less then $2.00
Solana was back to about $100. Decimated was $.50
And gala wasn’t even .60
This is like looking back and finding those who complained pre mint (like me) that $190 plus gas fees was too much to mint a Bored Ape.
Or it all is 0.
I was you.
My Reddit account is 13 years old. I learned about Bitcoin and laughed at people mining it on their laptops or saying (I’ll just spend $100 and get like 120 Bitcoin…who knows what will happen).
I still was that guy. I still didn’t say…I’ll mint one of these apes, spend $190 and see what happens.
@@JezebelIsHongry literally no one read all of that.
I see where you're coming from but the point of the NFT is for the collectibles and tradable options, not really making money off of it, but on your argument if the business was trying to make money off of an game that allows pays to make money, they would have to have an business model for the company to be able to profit
The token is already in the ledger so the company couldn't take that away from you because it's already built into the system. You are the soul owner of that system
NFTs connotation of being bad is because people were pushing to sell jpegs.
I get the sentiment, but I cannot trust the companies and their push for them.
There are no companies…
I work in power distribution. Had someone from customer service contact me saying a crypto facility wanted to move into part of a warehouse (one that had other businesses in it). They said they’d use 1.5-2.5 MW. For reference, many circuits I work with are 13.2 kV and can have a capacity limit of anywhere from ~10-14 MVA. In this case the circuit has 13.24 MVA capacity.
Because of good efficiency, you can pretty much say 1 MW = 1 MVA. So a smaller crypto facility wanted to use 11-18% of the circuit’s capacity (likely 18%, I doubt they’d be on the low end).
Good thing basically everything is, or will be, proof of stake or at the very least not POW.
An nft does not mean you own that piece of art. You own the receipt that records a transaction where you paid the creator for a digital copy of that art. You have the same rights to that art as what you’d get if you bought a postcard of the Mona Lisa. The only thing that is unique is the token that refers to that art. While the creator retains rights to it, it can be minted again and again.
Isn't that interesting that you commented before you even got 3 minutes in?
@@letsgoiowa he was starting to make incorrect statements about nfts and the blockchain. You can’t make stuff up and call them positives.
@@danmar94 What did he "make up" or make "incorrect statements about nfts and the blockchain"?
@@nosam1998 that you own the art and it’s unique to the block chain. You don’t own the art, you own the token. The art isn’t unique, there can be multiple copies of it, the only thing that is unique is the token. The only thing stopping the piece getting minted over and over again is the morals of the creator.
Wish the Doge Coin creator mentioned that people don't actually own the picture in a more explicit way.
Why would he, lol. As soon as people that understand nearly everyone will leave
As a graduate level computer science student with experience in blockchain programming, NFTs and decentralized contracts are an amazing technology that are being discredited by stupid get rich quick hype and underwhelming “projects” that consist of nothing more than “own this jpeg”.
Yeah man it's pretty frustrating honestly. Almost as frustrating as META aka dogshit wrapped in catshit
isnt it the case that you cant append faulty code, made even more hellish considering that the size limit is so low you have it broken up into many pieces already?
or are you talking about something outside of the context of ETH smart contracts?
@@mfThump theres a limit of 24KB and yeah, once code is out there you can’t change it. It’s not really the technologies fault, we just need more optimized chains.
Thank you for the vid, but Im not going to go along the scam that is NFTs. If gaming goes to NFT based for everything, ill just quit gaming and stick to my older games.
Great thing about the free-ish market there will be a constant demand for a full game(no MTX, NFT, for 50 USD)
@@Masterhitman935 quit now. It is the future of gaming ….
@@phazon100 like the Uber-Libertarian pipdream that is equally laughable as the tankie.
@@Masterhitman935 anarcho capitalism is the future
Never mind nfts, with the way games are nowadays you're better off doing that already
I’ve never hit the dislike button for your vids. In fact, I click on your videos that I have no plan of watching (rare) just to like it in hopes you never stop doing what you do.
Should we roast him for the quasi NFT grift or the reverence for Ready Player One?
he probably hasn't read the book. i thought the movie was passable. never read the book though
What's up with ready player one? I've never read or watched it
First time I see an nft on cod I'm sending a hellstorm missile to one of Bobby "There is no light behind my eyes" Kotick's mansions!
The only future I hope for is one where every game with them bombs
Ubisoft created their nft stuff and put it in ghost recon breakpoint. They just came out and said that they're no longer supporting the game. Sure the servers are still up but what happens when the game completely dies and no one is playing. What happens then. It's just a scam to get more money out of you.
Kind of off the video topic but UA-cam just recommended this one to me and I haven't seen one of your videos in a while. I think because of the time off you had to take, UA-cam stopped showing me your videos for quite some time. It's a shame that youtube's stupid algorithm can make it so that long time subscribers don't see new uploads if you just take even a short break, but I'm glad I got recommended this one. I am enjoying your non-call of duty content since I've been catching up with it! As someone who has fallen off from CoD since the height of warzone it's cool to see my favorite CoD content creator moving on to new types of content. Keep it up man I'm enjoying it.
Been looking forward to this video! Always appreciate your commentaries
It'll be interesting to see if the next video is longer or shorter than this one
14:28 really glad he talked about the main feasible use of an NFT. 17:47 followed closely by one of the most empty headed statements. a 'commission' is something that covers this _pretty well._
NFTs are just a use created by the blockchain. They are a tool. As with any tool they are nor good or bad, just a tool. How we humans choose to use them is the important factor. Bashing NFTs is like bashing the internet, computers, weapons, cars, fire, the wheel or any other major invention humans have done over the years.
I found you on Twitter becuase of your tweet: "Elder Scrolls 2 - Daggerfall's map was almost 162,000 km... think about that for a second.." and I saw a clip of my "Walk Across the Map in Daggerfall" video! So awesome! Thanks!
You should have mentioned the other blockchains like Cardano that already host NFT production in a much more environmentally friendly way.
I think everyone is over estimating how large a role NFTs will actually play long term. The real test will be user adoption and long term profitability. If you have to go on a crusade begging people to use your product. Your product probably shouldn’t exist.
So basically an NFT is something everyone can have but only one person owns it… so basically no point.
yup. you dont own the axtual image.
i would agree on the most part however if a gaming company for example created "ubichain" or their own chain/network and then hosted or distributed the NFT's on these chains they could do whatever they want with the assets so likely wwould boycott anything that resembles this setup.
Idk how many differences there are between the film and book, but Ready Player One was actually adapted from a novel released in 2011. If most of the basics are the same, then it’s even more impressive that the author predicted the digital world back then.
I’m fucking damn near clueless on what NFT’s are besides the basic shit so let’s go 🍿
Enjoyed your take on NFT gaming projects! Learned a lot on what to look for for a good NFT game to invest my time into. Excited to see where the future is going with NFTs in gaming.
Have you ever considered the NFTs from ChainGuardians? It's a play-to-earn game I have tried out. What I think makes this game unique for long-term holders waiting for the bear market to end, is that they can be used as playable characters in an RPG that is getting big updates to the gameplay in the future. Being able to stake these NFTs for CGG (ChainGuardians governance token) and other perks involving their sister projects being added bonuses to holding these NFTs.
Would love to hear your thoughts on this project! ❤
Its a matter of time before humans do what they do best. IE GAME THE SYSTEM!
completely random but I made BANK in WoW by looking up a bunch of illegal stock market manipulation techniques (pump and dumps in particular) and just did that with the WoW auction house. Honestly something similar could be done in the crypto space if it isn't already being done.
@@Lazydino59 LOL thats what crypto is. Pump and dump schemes mostly. There literally wouldn't be so many if that weren't true. It is useful for some things, but hardly so useful that it would be producing so many different variations.
Man, that captain America painting is amazing. Totally encapsulates how us Americans are the world and none equal us.
Ready Player One is one of Spielberg's best? C'mon Driftor, I thought your movie takes were based, it's nowhere close to Indiana Jones, Jaws, Saving Private Ryan, Schindler's List, or Catch Me If You Can
Did I say it was one of the best? I think it was one of his best "predict the future" type movies.
@@Drift0r oh ok
What others are there besides minority report? (Also better than RP1)
NFTs, Kony 2012, snake oil. Every generation has its fads.
17:20 I'm pretty sure that's what's happening with a majority of these NFTs, only it's crypto laundering.
Enjoying the recent commentary videos
I like when NFTs were first getting big and everyone made fun of them like “look I took a screenshot. Now I own it and if you want it you can pay me $200,000.” It’s funny because NFTs really felt that stupid lol now if they were actual items with value within a video game then that COULD be pretty cool. Hopefully if it becomes a thing then it doesn’t get exploited like all good things do.
very informative! thank u
you've seen this in private property sales for decades or more. look at cragislist, far more likely you want a car with a clean title than one with a salvage or worse no title.
I just don’t really understand NFTs in general. I used to collect basketball and baseball cards for example. They have a perceived value that can be traded and/or bought, but it’s a physical and tangible thing that you really do own and is truly unique because another person can’t own it because they physically don’t have it. If NFTs, especially graphic NFTs, could just be copied for nothing, how could it really be owned if it’s not unique? It’s just a fundamental question that hopefully will be addressed in your next video.
You could track its transactional history .
It's literally just a unique token that points to an image, a token that only you can transfer ownership of the token to somebody else, which is what makes you "own" the token. The only reason some people consider it valuable is because it's associated to the image. But anyone else can make a different unique token to points to the same image from what I understand. So NFTs aren't nothing but they're silly in my opinion.
I’d rather watch an Eight Brain Cells video than dislike King Drift0r
Interesting interview, I’m surprised that the co found of doge is easy to find on the inter webs.
So you buy a concert ticket , get scanned , get in the venue , whip out ur phone sell ur ticket to ur friend , they get in ? (potential for abuse)
Wouldn't it not be easily scannable twice? Surely it would lock out of thr system after being used.
Why can’t I just copy someone’s blockchain and say it’s mine
This is not needed in videogames! Just you watch they are adding nft stuff to next cod and battlefield
Honestly this is too surreal for me and I reject it hard because of it. It drains all life from art or anything else it touches. Just let out of this I don't care how much money I can earn while gaming I want to do something without financial interests.
I’m curious to see what GameStop does with their NFT marketplace.
Probably something that prints money because redditors will be a ton of them.
If you like getting money thru scamming people then yes it's a 'good' idea.
Great balanced take…
Play 2 earn is mostly ponzis & cash grabs still. The ones that focus on gameplay, and don't promise the moon are the ones that will last.
GODS Unchained is really good example.
Will literally pay money for the 2nd vid
Yeah I know there is another video about the but nfts in games is purely a scam. You are basically putting access to a nft in the hands of a company with questionable security. I read an article of an nft game getting hacked loosing hundreds of thousands of dollars worth of nfts to hackers. I would say that nfts in general will never be good because the use crypto which is absolutely horrible for the environment.
Jokes on you, I was going to share the video but you pointed towards button that shares and said don't press.
Dislikes aren't real and they can't hurt you driftor
I’m way to early . I’ll be back later
NFTs are super interesting. Scammers however are terrible. People need to learn to separate the two. How gamers and coders could hate PROGRAMMABLE money and programmable ownership is nuts to me.
Well good luck on that UA-cam career Drift0r. There is no good things about NFTs. They are scams.
That was a joke...
For those saying you can just "right click and save image", you're looking at it wrong... If I go to the Louvre Museum and take a picture of the mona lisa and print that picture (It looks identical) then frame it and hang it on the wall. That identical replica is NOT the original, therefore even though it's a perfect replica that doesn't mean it's worth the same amount of money. It's the same concept. An original image is NOT the same as a copy. The blockchain defines who the current owner. It's the same as who own's a piece of art at a given time.
IN SHORT... There's only 1 original. Sure there can be copies but just because I go and buy an exact replica of something doesn't mean it's the same/worth as much as the original
I reeeeeeeaaaaaally hope you ain't one of those weirdos shilling this scammy shit
This comment has no place in this comments section. Did you even read the title???
Play Elden Ring Brad.
Sometimes I disagree with you ... this time I dont.
Lol I love your non-standard intos. Always a shock
Nothing in this video describes any real benefit to NFTs existing. The promotion of them here smells like a grift and gives me the ick. Funny that CSGO lotto was mentioned as that was a total scam irrespective of how much fun anyone may have had and anyone involved with it should be ashamed of themselves. I'm kinda suspicious that hanging around people like TMartin may be having a detrimental effect. There is an element of level of selling here (obviously because someone is already in the etherum pyramid) that makes me want to vomit. This could be the thing that puts me off this channel completely. Sad times
Definitely a cool concept.
Hopefully they don’t cost an arm and a leg though.
I'm not the most knowledgeable in this stuff but it seems like it's the Blockchain which is a good resource rather than NFTs themselves
Drift waiting till the ass end of the interview to say he has invested in Ethereum and therefore had a stake in NFTs taking off is something I believe the principled drift0r of yesteryear would have crucified someone over doing. Not making your conflict of interest readily known from the get go is shameful and I had thought you were a more ethical man than this drift0r.
You have really put me on a pedestal. I invested my money into a lot of different things. Some of it is in crypto but not NFTs.
@@Drift0r That was not really his point though. The fact that you invited in the Creator of the worst shitcoin in existence that's genuinely going nowhere, probably pissed people off more than say, their views on NFTs. It's a strange video specifically because, I can hardly believe someone with half a braincell, let alone someone as smart as you could ever think NFTs are anything more than a scam that's a dead end. I say this as someone with thousands into crypto at this point, and with plans to get thousands more into it...Crypto is the future. NFTs are not.
oh hell no
👎To late, already hit the DISLIKE 🤣
Luna to the moon guys!
I imagine your video will trigger a ton of people who won't watch, think, or understand--they're just mad because they think crypto = bitcoin and "people are mining all muh bitcoins on my gamin' cards!" That's where most of the butthurt comes from, really.
SAFEMOON! 🚀
This channel is dead
Unsubbing
You fell off