Nah, it already fell lol.
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Honestly I think we'll see them in future SE mobile games before they'll even be entertained as an idea here. At least I hope so. I hate so much that these NFTs have become a thing....
I've read quite a few of the anti NFT posts and they all boil down to the following arguments:
1. NFT'S are bad because they will be used to monetize the game in greedy ways.
A) A company that is greedy and doesn't care about it's users will always find a way to work them over. Don't blame the technology for bad business practices. NFT's are just digital containers. I get the lack of trust in game companies but once again this has nothing to do with the tech. You can make the slippery slope argument here but that just makes you come across as a technophobe.
2. NFT's are bad because they have no value or are a scam
A) one of the worst arguments. An NFT is just a digital container. It can be used to contain any digital item. From art to identity documents. The value of an NFT depends if there is a market. This is true for any goods that exists in a market. Something having a market and being subject to supply and demand does not make it a scam, just a tradeable good like everything else.
3. NFT's are bad because people think they will get rich quick
A) This has nothing to do with NFT's. People think they can make it rich by selling any good that has a market. This has nothing to do with the underlying technology. People have free will to think what they want.
4. NFTs' will never work because SE won't release the copyright
A) If SE was interested in doing NFT's they would sit down with their lawyers and amend the EULA. NFT's would be done with their permission. Nobody has to release any copyright.
5. NFT's are bad because you don't own anything, the company does.
A) This is dependent on the blockchain used to create the NFT. If that NFT exists on chain and not a centralized SE server then you would have ownership once purchased. What's nuts about this argument is that people have no problem sinking $100's into mogstation that is centrally controlled. Suddenly ownership matters when it comes to NFT's. lol.
6. NFT's are bad because they are bad for the environment
A) Just no, does anybody really believe this?
Yes, because just like literally everything utilizing the blockchain it is fundamentally unsustainable.
You can try and dismiss the fact with a wave of your hand a a casual "does anybody really believe this," but that doesn't really address or disprove any aspect of the argument.
If you have data indicating NFTs don't guzzle unconscionable amounts of energy please for the love of God share it and end my nightmares.
@Mysticp
You forgot they add nothing of value to the gaming experience. All suggested implementations(at least the realistic ones) can already be achieved without any blockchain technology.
And you might have brushed this off as a bad argument but history has shown that loot boxes and other gacha/microtransaction mechanics those can easily overtake the game experience by compromising the game developers intent in order to make more money via scummy means.
Also can we please stop saying that the NFT contains any actual data like artwork/videos/or game assets? NFTs are just the token that include the metadata recoreded on the blockchain. Anything it might point to or reference is stored somewhere else.
What? Creating NFT's on the blockchain has zero environmental impact. Are you confusing minting NFT's with Crypto mining? They are not the same thing. Also, you say this while being able to play FFXIV on either PC or console which did an have environmental impact in their creation. Fake activism needs to stop.
I can see the skepticism in the possible use case scenarios for NFT's. However, until we try any guess of what is realistic or not is just a guess, nobody knows. Can it be exploited? Of course it can but once again, company practices have nothing to do with the underlying tech.
In order to interact edit "blocks" on the blockchain (say, by buying/selling an NFT) the blockchain still asks computers to solve a series of intense puzzles that, while the computer chugs and struggles with them, take intense amounts of energy to solve.
Crypto currency might take more energy, but anything that uses the block chain must engage with this terribly wasteful process. One that has had its puzzle difficulty scale with improvements in computing power in order to keep the system secure, which in turn keeps the system from ever being sustainable.
Okay let's roll this up differently then.
With how much negativity is floating around NFTs especially in the gaming space why would any company openly introduce their plans to adopt the technology for future games. If the technology is so great and open mindblowing possibilities why are the developers and game designers are being left in the dark before these announcements are made?
Example in this case: Ubisoft.
Those announcements are not made for "gamers". They're made for possible investors and shareholders and anyone who hopes to make some money through NFTs.
Every time when pressed on what benefit the technology behind NFTs will bring to games the people in charge use buzz words like: metaverse web 3.0 and blockchain as if that would mean anything to the average gamer.
Heck look alone in this thread. A lot of people don't even know what NFTs are. And we can assume that people on this forum are more informed than your usual casual gamer who just buys a game in the store and doesn't engage with the community.
Those people will be the most lost and preyed upon because all the marketing material that is out there doesn't spell out the whole truth and in cases again like Ubisoft is unlisted from youtube while the implementation is still accessible.
Additionally the nft bro crowd keeps spearheading the arguments of "owning something from the game you love and how you can resell it for even more money than you bought it"
And that is what most people see on social media. There is nothing effectively being done to show any other avenues besides a get rich scheme.
Everything about this trend screams shady.
This is incorrect. Referencing items on the blockchain does not require you to solve blocks. You are confusing mining with NFT creation. There are also on chain NFT's and off chain NFT's. Additionally, not every NFT is done on a proof of work chain. I'm sorry but none of this is correct and your GPU has had far more environmental impact than any NFT ever will.
Doesn't matter how noble the NFT rollout seems, it's going to result in people getting screwed over financially. (Some by others and some by publisher)
Problem with NFT (Just like Ubisoft saw) was you can't PROVE any sort of benefit for the actual cost and the hidden transactions show money going back to a centralized source (i.e. Publisher)
To me... it's just another monetization scheme. I have no interest and will not contribute, but I'll also leave publishers for crap like this being shoved down our throats. (i.e. You don't have to buy, but it sure makes game play a lot easier if you do buy)
I can buy a Mount in the story without needing an NFT today. Now if I could buy that mount via NFT and use it in ANY GAME then we might have something. Take my whale mount to WOW, New World, SWTOR or Elderscrolls online. That is likely NOT going to happen, but that would be worthy of NFT hype. Until then it's a waste and I'll just buy the mount (if I really like it) for single game and SE can benefit financially from that approach.
I agree with a lot of what you wrote here. Gaming companies are not our friends. However, let's be real here : This battle was lost when gamers accepted microtransactions. Most people do not understand NFT's. What's worse is that because gaming companies want to roll them out they are viewing NFT's in a negative light. Will we see actual innovation through NFT's or will it be reduced as cash grabs by greedy companies? Nobody knows, but that doesn't mean the tech is bad. Each company should be given a chance and if they abuse the trust of the fans then show them defiance with your wallet. If a company is trustworthy then they will take the time to explain NFT's and it's benefits. I can see from this thread that the level of mistrust in the space is high.
I would like to see a future where creative gamers could make a living designing outfits in games or finding hard to find items. However, we need the tech to do this to be out there first.
That's interesting and almost a relief.
It's possible I'm misunderstanding how NFTs create their carbon footprint, but they are most definitely doing so.
Everything I've read on the matter agrees they are an ecological nightmare.
Again, if you have contrary data please share it with me.
No worries, to be honest it is all very complicated and depends on the chain. Most NFT's are on ETH which is proof of work at the moment but transitioning to proof of stake later this year. This will significantly reduce the very small impact nft's have even further. I believe the Verge did an article on this not too far back.
The only The Verge article I could find on the subject (NFTs ecological impact) was this one, which is from last March and focuses on NFTs in marketplaces where people buy them with Etherium:
THE CLIMATE CONTROVERSY SWIRLING AROUND NFTS
https://www.theverge.com/2021/3/15/2...climate-change
Is there a more recent article you were thinking of? Have there been updates? Because this one is def pretty damning.
Quote:
But for now, there are still greenhouse gas emissions associated with his NFTs. It costs about $5,000 to offset the emissions from one of his collections, he says.
Quote:
Take “Space Cat,” an NFT that’s basically a GIF of a cat in a rocket heading to the Moon. Space Cat’s carbon footprint is equivalent to an EU resident’s electricity usage for two months, according to the website cryptoart.wtf.
Quote:
The process is incredibly energy inefficient on purpose. The idea is that using up inordinate amounts of electricity — and probably paying a lot for it — makes it less profitable for someone to muck up the ledger.
Is NFT bad for the enviroment ?Yes
Long answer: NFT is a token that means it is a 2 part product - first the Blockchain (a code calculated by a PC) and a token. What you buy is the Blockchain and you are allowed to use the token in some manner (depends on the contract and the terms of byuing) that is attached to it. The token is in most cases not the problem but the Blockchain is a code calculated by a PC and this cost power. Done. Stop pretending a pc dont use electricity or works because you pray hard enough.
Is NFT a scam ? Short answer : Yes,most of it.
Long answer: NFT is just the selling of a unique Code with a token and this code has the value that the seller tags on it and what the people are willing to pay. That means if i decide to make a video of my privat parts and add a Blockchain to that it is a NFT.
Whats the worth of t ? I will skip the answer to that for obvious reasons.
Regarding the token YOU DONT OWN THE COPYRIGHT OF IT. Done. I am not sure what do you think you are buying here but you get digital code with a token. If somebody decides i print that damn token and pin it on a wall you cant do anything about it because you paid for the code with a token not the copyrights of the token.
The problem is the worth or value is not defiened by any logical means or reasoning. Its like paying for a bottle of water 100 € just because you believe it will make you stronger. Its about believe and the hope of people and thats the same reason why gambling got regulated so hard in most countrys. You make people believe and give them hope of money, they doing something great, they are creating something, having success etc. and use that to make a profit. Thats at best shady and at worst.... i will skip the rest of the sentence, please use your imagination.
Letting peolpe creating together ... we have that or had in some cases .. modding but the big company's cant monetize this to hell and back so this is the next thing to make money of nothing. Minimal effort, maximum success.
And the argument " Its for the artist" to that i give you a proper response here - We want recognition, respect and earn what we deserve. And not a scam projekt for rich Companys and/or Invesmentfonds that will use Artist as bait to get more money out of people.
As a final sentence i want to quote somebody here: "Tell me... for whom do you fight?"
Keep reading, was all BS in the end. Site was calculating wrongly.:
average NFT has a carbon footprint somewhat lower than Space Cat’s but still equivalent to more than a month’s worth of electricity for a person living in the EU. Those numbers were shocking to some people. But then Akten saw that the website had been used to wrongly attribute an NFT marketplace’s emissions to a single NFT.
agreed we do enough to hurt the environment without nfts making it worse
Look when it's about scaming people. Sell them something that worth 0 in pretence they can find a new moron to sell it to for more is a scam. It's a classic pyramid schemes. Organizers of such find them self in jail in lots of countrys. So there not going to be any form of debating if it's ok to do crime.
From turning people into players, then players into payers, to Playpayers into shareholders (if you are millionnaire), and the ones that can't afford enough nft's to have a say, just turned into Koren grind-like sweatshop workers.
Edit :
The conversation about environment problem of crypto is cute, because there is so much worse industries out there that exists in the mainstream field that uses like 1000X more energy than to mine any of this, people thinking it's okay that amazon, google, and many other online services just put hundred of server farms not only on land but also underwater, in the ocean (yes they do) using filters and the water to cool their server farms, while heating the ocean's water in the process, ironic ! Crypto's highest "mining" force is also located mostly in China and India crypto farms powered by cheap electricity provided by the state, and in a huge part, from coal farms !
The west is delusional about "them" being the problem here, because in front of China that still uses a lot of dirty energy, we are probably the biggest guilt trip suckers that buys solar panels and use renewable energy the most every year, and with the cost of gpu's ever increasing and the wages here not following through inflation these past 10 years, every gamer being complaining about not being able to afford the mid to slightly above higher range GPU's ( rtx 3060's and 3070's and rx 6600 to 6700 are beginning to be completely out of the usual range of prices too this past 2 years, i don't know if you noticed the usual youtubers crying about gpu prices increasing drastically since Maxwell then Pascal's launched. )
The only people able to buy racks of 4 to 5 gpu's that now cost from 1000 $ in 2017 to 2000+ $ in 2020 for mining, are absolutely not your average person. (even buying 1 of these overpriced gpu's is becoming a challenge for anyone's wallet)
It's like the whole "Personal carbon footprint" where consumers are bashed over the head for ruining the earth. The whole concept was coined by a very clever oil company to take the heat off them and move it to the end user. Some puppet has seen something minor about the power they use for this, yet fail to see that there is a much bigger picture.
But back on topic, if they add this crap to the game then I will cancel.
Strangely governments over the world do not think like you.nif you sell a phone (let's say) then it's a product that have set value. You can then sell for how much people willing to buy. When you sell nft , same as selling air, it's a scam. It got no factions or value. You can pretend all day long it do that's how scamers work. All I hope is you and scamers like you see a jail sell for a long time where they get abused.
Funny how a company with so much history of being stuck in the past is welcoming this scam. The letter is disgusting, and made me lose so much respect for Square Enix, a company that has so many games about not being greedy. Besides, you don't even need NFTs to implement game systems with the same purpose.
Im pretty sure us as a people decide what is valuable.. not a bunch of scammers trying to peddle nonsense... but thanks. Also.. no one is buying it... You wouldn't be sitting here defending it THIS hard.. if you didnt have some kind of money in the game. Hilarious. "Its just a storage thing hyuk hyiuk!" Yeah.. no.. no one is stupid friend. Go peddle your wares elsewhere. This game doesnt need this trash.
You think people would get the hint after this crap failed with Ubisoft.
Still not understanding NFT's You have an image file with 50 million copies floating around the internet and people's devices, but you put one copy of it into a blockchain, and it's suddenly worth $50 million?
As retarded as it sounds yes. But it can be any digital item. This some how make you the legal owner of it,even if it's not a legal thing in it self. What more it do not make you the copyright owner.so legally at any point the copyright owner can't demand any money made from the nft be transferred to him and be in the legal right.
Usually people use a separate wallet to purchase it from themselves at a high price point, in order to make it appear as if the thing has any value. And then try to hype it up massively in an attempt to generate interest and get someone to pay more so they're not the last one left holding the worthless item, since; whoever holds it last is the person who loses the most.
People trading them back and forth with each other is largely where the extremely high price points come from. Plenty of people who don't do that, don't sell much of anything.
Going to also add: due to the decentralized, unregulated nature of any Crypto security, if a wallet becomes compromised there is 0 legal recourse. You just lose.
Ok, so where are the correct calculations?
Akten is far from the only person who's tried to analyze this and came away with a Grim result.
He may be wrong, but other have still pegged his wrong answer as not too far off.
For example
Sauce:Quote:
Digiconomist estimates a single Ethereum transaction’s carbon footprint at 33.4kg CO2, while artist and programmer Memo Akten estimates that an average transaction specifically for NFTs has a carbon footprint of about 48kg CO2.
What Are NFTs, And What is Their Environmental Impact?
https://earth.org/nfts-environmental-impact/
Pointing out that one person was mistaken doesn't unravel everyone's claims that NFTs are not environmentally safe.
Even biased crypto positive spaces like BeingCrypto outline a non-negligible impact, even when you observe just the NFTs impact separate from crypto.
NFTs and the Environment — Projects Are Taking Sustainability Seriously
https://beincrypto.com/nfts-and-the-...ity-seriously/
Quote:
Data Analyst Erin Davis outlines the CO2 emissions of NFTs for Quartz.
In the report, NFTs are compared to standard printed art and gas cars. On average, a piece of printed art results in around 2.5 kg of extra CO2 emissions. This is about the same as a gas-powered car creates every five miles. Meanwhile, the CO2 emissions from minting and auctioning off an NFT can be up to 100 times higher.
However, according to the report, it is the mining process that is the big offender. An estimation puts one NFT’s lifetime CO2 emissions are the same as a car traveling more than 500 miles.
Mining costs have gotten so bad that estimates put the power required to mine one bitcoin is equivalent to the electricity used by the average U.S. home in 50 days. That leaves the average cost of mining a bitcoin around $200.
While NFTs are “minted,” not “mined,” the process is the same.
let me suspend my brain for a second.
nfts are actually 1) worth money 2) not a scam 3) not setting the planet on fire
lets assume all these are true
what value would nfts add to the game that couldnt be accomplised with the mogstation or mods?
does a limited run of cosmetics outweigh the lifetime sales of unlimited run cosmetics in terms of profit for games that have longer lifetimes? would the dev time in making such cosmetics be wasteful?
and will adding nfts literally make everyone wish we had a /spit emote like wow had? in other words, would they upset social cohesion in a game that relys on co-operation rather than competition?