The First SE NFT.

[DPZ2]

so buy an action figure and instead of a ffxiv emote as the digital bonus you get a worthless digital stamp linking to a picture anyone can just go see anyways?

wonder if they'll realize no one is buying it for the NFT part?

Considering the cost is $30 less expensive if you skip the 'NFT part', I think they'll know immediately ...

For those who think they hate blockchain technologies ... they're no longer connected directly to generating digital coins, so massive 'mining' farms are not required. The technologies are more about corporate governance and less about speculative gambling that <insert least favorite digital coin> is going to keep increasing in price forever.

For video games, this might become 'limited time' purchase of cards you can use in a game -- and an entirely separate headache about pay-to-play. I know at least one online company that sells music has been touting it as a method to actually get money into the hands of artists through direct sale of music using non-fungible tokens (NFTs).

The ones you hear about, poorly designed images with little or no speculative value once the creator has sold them all have started crashing big time, as has the speculative market for digital currency. There is a glut of used high-end GPUs on the market now that it costs more to 'mine' digital coins than they're worth.

The Easy Money, plus Fear Of Missing Out (FOMO), is gone from a market where people realize that they're about 12 years too late to be at the top of that particular pyramid.

Still, there are always those who seem to enjoy gambling their money/life savings ...

[Kusanagi7]

Tifa or Aerith will be next just u wait.

[Thaciscokidd]

snip

First of all. Thanks for the awesome name. Evert time I see it I hear Reyn say Now it's Reyn time and You will know our name starts to play.

On topic: Yoshi P might have some sway. Or the store would be worse than it currently is. Unlike what people think XIV isn't as big of a money maker as people think. MMO's maintenance tends to eat at profits and if you look at any of the earnings reports DQX and XIV combined brings in a fraction of what there mobile department does.

I do agree the some of the other post though. Any moderate dip in subscribers or if enough peoples fanaticism for certain brands leads them to buy the NFT's to a level that the bad press is an acceptable loss might be enough for them. Matsuda isn't a fool. He's at a position where profits determine how he is seen by the shareholders.

[Lunalepsy]

Oh no, NFTs!

[ArchlordPie]

So it's basically a digital receipt that sais u have purchased the right from said company to sell company items to other players instead of them going to the cash shop to purchase it they can purchase it from you because you purchased the right to sell it to them from said company?

Am I understanding it correctly? sorry for the repeated questions, I comprehend things alot slower then normal people do.

It's only a receipt. That's it. That's all an NFT is.

If Squeenix (or anyone else) wanted cash shop purchases to be resellable to other players, they can already do that without involving NFTs. As of a while ago, you have already been fully capable of buying, say, rare dyes (Jet Black, etc.) through the cash shop and putting them on the marketboard for other players to buy for gil.

100% of the things that cryptobros are claiming "u need nfts for this" or "blockchain technology can make this happen" are things that are entirely possible to implement without any NFT involvement whatsoever.

[Momo_Kozuki]

Such disappointment


Is not their intention.

[Raoabolic]

100% of the things that cryptobros are claiming "u need nfts for this" or "blockchain technology can make this happen" are things that are entirely possible to implement without any NFT involvement whatsoever.

Did someone say Blockchain?

[RobynDaBank]

It's only a receipt. That's it. That's all an NFT is.

If Squeenix (or anyone else) wanted cash shop purchases to be resellable to other players, they can already do that without involving NFTs. As of a while ago, you have already been fully capable of buying, say, rare dyes (Jet Black, etc.) through the cash shop and putting them on the marketboard for other players to buy for gil.

100% of the things that cryptobros are claiming "u need nfts for this" or "blockchain technology can make this happen" are things that are entirely possible to implement without any NFT involvement whatsoever.

I don't think you can put the Dyes from the Store on the Market Board as they aren't general purpose. Same with those you can get from using Gold Chocobo Feathers. So....

[DPZ2]

As of a while ago, you have already been fully capable of buying, say, rare dyes (Jet Black, etc.) through the cash shop and putting them on the marketboard for other players to buy for gil.

There are three ways to obtain the 'rare' dyes at this point.

(1) Purchase them from the Mog store. These are Untradeable, so you will not be able to sell them on the Marketboard.
(2) Purchase them using Silver Feathers you get as part of the Friend campaign. Again, these are Untradeable.
(3) Obtain them from your retainers. They're sometimes (rarely) in the Venture Containers that show up. These are the ones you see on the Marketboard, as they are fully Tradeable.

The age of "crypto" as the Next Best Thing is indeed coming to a close. Corporations, however, have started to find that blockchain technologies do have a place in corporate governance, so those aren't going away any time soon.

I expect Square Enix's venture into "NFTs" is going to be limited to "here's this neat thing you got in our game X that you can actually utilize in game Y" because they wrote both games.

I note that Roblox has had a relatively robust trade in 'skins' and other items without ever using the "NFT" acronym (although the underlying technology might indeed be blockchain, or some other verification technology). A fascinating view of the speculative market this has engendered can be found here: https://www.youtube.com/watch?v=vTMF6xEiAaY (start at 19:40 for Collectibles/28:41 for Black Market)

[Catwho]

*does a little dance and jig*

♪ NFTS are a scam! you don't own anything real! Crypto currency is a stupid investment! ♪♫