Keep NFT out of FF14

[dapperfaffer]

Quite a few sell "land" on NFT. That's single use ownership.

I am sure some of the housing primals would adore FFXIV housing to be NFT based, the free trade and RMT for tokens would make them a mint.

Decentraland and Sandbox are marketplaces/storefronts/whatever you want to call them, and the entire premise behind them is stupid. Which to the point Decentraland has a volume of 333M$ but are only worth 3.32$ and Sandbox has a volume of 726M$ and is only worth 5.90$.

SE has plans for NFT's that much is clear. NFT are just digital containers. They can contain, art, documents, etc. If Sony made every item in the Mogstore an NFT how would your gameplay be negatively impacted? It wouldn't. You would just see someone running around in an outfit like you do today. NFT's stay on the blockchain not SE's severs. They cannot be taken from you once purchased. SE, if they wanted to could enable interactivity with other games using NFT's or allow users to create items for sale with their approval.

All you would see is people running around with different outfits. There is an association amongst gamers that NFT's are somehow inherently bad or greedy. They are simply digital containers. What most people are doing is putting the fear that they will be exploited on NFT's instead of with the company's business practices. An untrustworthy shady company will always be just that. NFT's have nothing to do with it.

Digital containers where the only value of the currency is digital, with no tangible reflection to the actual money you use to buy food, shelter or heat except for what you spend to buy the consistently devalued currency.

[Mysticp]

Decentraland and Sandbox are marketplaces/storefronts/whatever you want to call them, and the entire premise behind them is stupid. Which to the point Decentraland has a volume of 333M$ but are only worth 3.32$ and Sandbox has a volume of 726M$ and is only worth 5.90$.


Digital containers where the only value of the currency is digital, with no tangible reflection to the actual money you use to buy food, shelter or heat except for what you spend to buy the consistently devalued currency.

On Decentraland and Sandbox: Marketcap is just circulating supply x price. Something having a low price per share does not mean it's bad. Performance is not measured by price per share but in increase in price per share.

On the response to my comment: NFT's don't have to have a value but if a market exists they will. The value doesn't have to be in digital currency, you could use regular money if you wanted to purchase them as well. Things with no tangible reflection to food/shelter/heat are commonly referred to as 'Wants' lots of people spend money of things that they 'Want and don't 'Need'.

[dapperfaffer]

On Decentraland and Sandbox: Marketcap is just circulating supply x price. Something having a low price per share does not mean it's bad. Performance is not measured by price per share but in increase in price per share.

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%.

On the response to my comment: NFT's don't have to have a value but if a market exists they will. The value doesn't have to be in digital currency, you could use regular money if you wanted to purchase them as well. Things with no tangible reflection to food/shelter/heat are commonly referred to as 'Wants' lots of people spend money of things that they 'Want and don't 'Need'.

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.

NFTs have a value. Its the amount of real actual tangible money invested into the NFT that generates the NFT asset. To simplify its the real world dollars invested that create the value of the NFT. Thats why you have to buy into them and have them purchased by others in order for them to have value, and thats why they have per share price and volume.
Because they need to have a value, otherwise they are worthless, and that value needs to be in digital currency since its already being back by currency as its asset and ​having the option to spend money normally as you can now against something like an NFT would massively devalue the NFT in its market place.

But to clarify, food/shelter/heat were examples of things tangible assets get you. Not the intangible asset of an NFT that could be used to purchase something in game.
Or as the CEO of SE stated it "players who want to have fun" and "players who want to contribute".

Either way I'm done with this because I'm just getting angry reading you go in nonsensical rhythms to justify what is a Ponzi scheme. Best of luck to you trying to convert your NFTs into tangible finances.

[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.

[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.

[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.

[dapperfaffer]

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.

Marketcap means nothing, its the total value of all the circulating coins and thats it. If you can't understand why having a high total supply, and in the case of Sandbox almost 2B differential of coins available to whats in circulation supply, and how that devalues an NFT I can't help you and I'm not explaining it to you.