Informative tidbit video

[MistyMew]

Link to 'Some Ordinary Gamers" video regarding SE and NFTs as of Jan 1 2023

https://www.youtube.com/watch?v=SGGfWkUOiRo

[LianaThorne]

Watched this last night, pretty depressing imo. I've never threatened to leave 14 before but if NFTs make its way into the game or potentially any FF related titles...yeah might not be so comfy dumping my money on them anymore.

[RobynDaBank]

Didn't know Muta made a video about SQEX, thanks for the post.

[Hanayumi]

Watched this last night, pretty depressing imo. I've never threatened to leave 14 before but if NFTs make its way into the game or potentially any FF related titles...yeah might not be so comfy dumping my money on them anymore.

Pretty sure Yoshi P already mentioned nfts arent touching FFXIV in game, could possibly see dumb things like merchandise "like the ff7 cloud statue" but think about as far as itll come to FFXIV. Seems like SE has some other bizarre projects in mind... Also another thing to keep in mind, crypto and nfts are still weirdly propular in Japan, though even thats starting fade off now...

[LianaThorne]

Pretty sure Yoshi P already mentioned nfts arent touching FFXIV in game, could possibly see dumb things like merchandise "like the ff7 cloud statue" but think about as far as itll come to FFXIV. Seems like SE has some other bizarre projects in mind... Also another thing to keep in mind, crypto and nfts are still weirdly propular in Japan, though even thats starting fade off now...

Might not ultimately be up to him whether or not they do.

[CGX]

Pretty sure Yoshi P already mentioned nfts arent touching FFXIV in game

Really really really hope they stick by this.

[Raoabolic]

Don't worry, i'm sure any NFTs will be optional. ;^)

[Deveryn]

yay. more fear mongering

[Skivvy]

Can I get an ELI5 on this? Why are people in a panic over NFTs in XIV? Is it the thought of potentially exclusive things being sold? (already done). Selling digital goods? (already done).

[R041]

Can I get an ELI5 on this? Why are people in a panic over NFTs in XIV? Is it the thought of potentially exclusive things being sold? (already done). Selling digital goods? (already done).

Square Enix Newsletter: https://www.hd.square-enix.com/eng/n...esident_3.html

In terms of new business domains, we named three focus investment fields under our medium-term business plan. Among those, we are most focused on blockchain entertainment, to which we have devoted aggressive investment and business development efforts. Looking externally, I think it is fair to say that blockchain gained significant recognition as a field in 2022, as evidenced by “Web 3.0” becoming a firmly established buzzword among businesspeople. However, the year also saw volatility in the cryptocurrency and NFT (non-fungible token) markets that tracked the dramatic shifts in the macroeconomy described above. The latter half of the year in particular produced a somber string of news stories with blockchain connections, including the scandalous bankruptcy filing of FTX in November.

The problem is Crypto/NFT/Blockchain is built around FOMO cash grabs. Everyone now wants to build their own walled garden economic ecosystem. Which means the Live Services (XIV) they work on, become susceptible and strangled into this ecosystem. It's so FOMO that SE got FOMO that everyone else is making money. Nobody does crypto for the good of it.

Barely any of the items on the XIV Cash Shop are even Account-Wide and the game is designed to encourage boosts/skips, with repeat purchases like dyes, clothing, songs. What makes you think they won't ramp this up to a questionable degree.

In the right hands, this can be OK because it's a technology that allows trade and ownership. But we're talking about a corporation built around media that reuses resources to squeeze value out of all of their IPs. I wouldn't have a lot of faith in their ability to keep their hands to themselves, and it can easily cascade into some nasty FOMO services. Hell, look at what they did to their FF - Trading Card Game. It's just copy pastes of existing games, re-sold on cardboard. (I stopped buying them when I noticed they were just reusing old shit for everything)

You all praise that XIV is SE's cash cow, that means it's the most susceptible. Imagine if XIV's Marketplace started using Crysta, and every trade was processed with a % loss (as it currently does), that would effectively make the Marketplace and it's assets an NFT ecosystem. This means that every trade being made will generate value back to them for items that are effectively worthless.

XIV housing is also already built around FOMO - What makes us think they won't push NFT/Crysta to that?

Have you heard of the critically acclaimed MMORPG Final Fantasy XIV? With an expanded free trial which you can play through the entirety of A Realm Reborn and the award winning Heavensward expansion up to level 60 for free with no restrictions on playtime.