Keep NFT out of FF14

[Mysticp]

So for relative comparison Bitcoin is worth 45k and has a volume of 43B and the second highest is Ethereum at 3.8k with a volume of 9.9B. Volume and price per share matters since what you are buying when you buy a NFT is the coin itself. So yes, price per share matters a great deal when the only thing inflating the value of the NFT or crypto currency is the real world value of the Dollar/Yen/Rubel/Pound/pick your currency. Also using Decentraland and Sandbox both have poor YTD. with an average loss of value at about 50%.


Performance of a stock is directly tied to its price per share. The more shares in circulation that aren't being purchased are sitting in asset allocation to the company that released them. Shares don't just float around in limbo.

This is 100% incorrect. Price increase per share is what is important not price per share. In crypto, shares can be unlocked over time with the age of a project. You cannot buy all the shares in Decentraland or Sandbox as marketcap is circulating supply not total supply x price. If the share of sometime starts of at $.0010 and goes up to $2.24 that increase is huge and the share holder are extremely happy. Nobody cares that the price is only $2.24. As a holder your don't care what the price of something is you care about how much your holdings increase. Your other assertion that they are performing poorly is also incorrect.

Decentraland's increase in the last year is : 4058.5%
Sandbox's increase in the last year is : 15328.8%

I have no problem debating this with you but we should stick to known facts and truths and not make things up. You mention you are getting angry so it is perhaps best to step back in that case. Emotions have no place in proper debate.

[Olinara]

I've been puzzling over this for a while. What would they tie to it? Cosmetics (most won't care)? Mounts or similar (I don't care)? Glamour (MAYBE...I'd have to see it...)?

Housing? Yeah, that might work...

I want a house, but I'm not going to sit and camp one. But y'all, my house would be FABULOUS. But I don't have time. So I'm waiting until the system makes it easier to get one.

So yeah, I'm thinking they'd use to to lock housing.

I'm not on board.

[van_arn]

What’s all this panic about? I don’t see a universe in which content is gated behind limited tokens. Besides, we already have limited glamour and minions, so even if this is an extension of that it’s what we already have.

Am I odd because I won’t pay some scalper $100 for a pizza emote?

[Haruka_R]

Square is intending bring NFT to 14 and other games.

SE CEO made a press release supporting NFT's. Gamers watched a reaction video by Asmongold where he Boomered out and thought NFT's would somehow ruin the game. It's all very silly. No mention of even putting NFTs into FF14 was even made.

Ugh... lol. I tried to learn what NFT's are and I gave up. I cannot be bothered with this. Whatever it is, I'm sure it won't affect my game, were it to be implemented.

[Exosapien]

Ugh... lol. I tried to learn what NFT's are and I gave up. I cannot be bothered with this. Whatever it is, I'm sure it won't affect my game, were it to be implemented.

Remember this post in 10 years. If the planet isn't ashes, of course.

[Listrella]

I don't get what the big deal is, you don't like NFT, don't use them, end of story.

[Lihtleita]

What’s all this panic about? I don’t see a universe in which content is gated behind limited tokens.

i didnt see a future where devs would sell dlc before it was even developed, but season passes are a common thing
"everyone is overeating about the horse armor" they said, "its an optional purchase" they said....

[dapperfaffer]

This is 100% incorrect. Price increase per share is what is important not price per share. In crypto, shares can be unlocked over time with the age of a project. You cannot buy all the shares in Decentraland or Sandbox as marketcap is circulating supply not total supply x price. If the share of sometime starts of at $.0010 and goes up to $2.24 that increase is huge and the share holder are extremely happy. Nobody cares that the price is only $2.24. As a holder your don't care what the price of something is you care about how much your holdings increase. Your other assertion that they are performing poorly is also incorrect.

Decentraland's increase in the last year is : 4058.5%
Sandbox's increase in the last year is : 15328.8%

I have no problem debating this with you but we should stick to known facts and truths and not make things up. You mention you are getting angry so it is perhaps best to step back in that case. Emotions have no place in proper debate.

Market cap in crypto is the amount value of all coins mined.
It has nothing to do with circulating supply or total supply. Circulating supply is the approximate number of coins in circulation and total supply is the known number of coins. Both are reflective of the price of the stock.
Sandbox has a Max supply and total supply of 3B coins with only 919M in circulation .
Bitcoin on the other hand has a Max supply of 21B coins with 18M in circulation and total supply of 18M.
Which of those is worth 45K a coin again?

The value of the NFT is reflective of the amount of people invested into it. The only way a NFT is valuable is if people buy into it to support the NFT. Its not going to magically change because over time it grew from 7ths of a cent to 7.90$ over a year then split by half over the next 6 months. Long term investment =/= the scam of short term pump and dumps. So no, there is nothing to discuss at this point other than a pointless conversation about how you think crypto isn't trash and a scam.
You either consistently invest into the NFT that SE could potentially release to ensure its value, or you watch as it gets devalued over time. And I just have to add, a SE NFT won't be backed by SE financially. Its all user buy in.

[Rhais]

i didnt see a future where devs would sell dlc before it was even developed, but season passes are a common thing
"everyone is overeating about the horse armor" they said, "its an optional purchase" they said....

Yeah, it didn't take long before you started seeing things like fighting games released with half the roster sold as "optional purchases".

[Mysticp]

Market cap in crypto is the amount value of all coins mined.
It has nothing to do with circulating supply or total supply. Circulating supply is the approximate number of coins in circulation and total supply is the known number of coins. Both are reflective of the price of the stock.
Sandbox has a Max supply and total supply of 3B coins with only 919M in circulation .
Bitcoin on the other hand has a Max supply of 21B coins with 18M in circulation and total supply of 18M.
Which of those is worth 45K a coin again?

The value of the NFT is reflective of the amount of people invested into it. The only way a NFT is valuable is if people buy into it to support the NFT. Its not going to magically change because over time it grew from 7ths of a cent to 7.90$ over a year then split by half over the next 6 months. Long term investment =/= the scam of short term pump and dumps. So no, there is nothing to discuss at this point other than a pointless conversation about how you think crypto isn't trash and a scam.
You either consistently invest into the NFT that SE could potentially release to ensure its value, or you watch as it gets devalued over time. And I just have to add, a SE NFT won't be backed by SE financially. Its all user buy in.

Once again this is incorrect. Marketcap is Circulating supply x current price. Marketcap does not include total supply. This aspect is factual and not debatable. If you want to verify this for yourself please go to coingecko or coinmarketcap and hover over the the marketcap of any crypto and this will be shown as the calculation.

To further prove this:
Bitcoin for example has a price of 46,910
marketcap of $887,468,007,750
Circulating supply of 18,918,525
So do the math: 46,910 x 18,918,525 = 887,468,007,750

Now that I have proven that part wrong can we move on?

Now as for NFT's. You are correct in that for it to have value people have to assign value to it. That is no different from any other product. Things do not go up magically. They go up with an increase in demand. If demand goes down then price will follow so your point about you need to invest in it is accurate. However, once again this is true for any product that has a market. You have in no way shown that anything is a scam. NFT's are just digital containers that can be sold as goods. No more no less.