News Ubisoft’s In-game NFTS Have Made Just $400

[Admin]

Ubisoft's in-game NFTs are grabbing Ubisoft’s In-game NFTS Have Made Just $400s for the wrong reasons, with just $400 worth sold in a fortnight.

Ubisoft’s In-game NFTS Have Made Just $400 : Read more

 

[-Fran-]

Hm... Sounds like they made $400 over what they should have made...

Regards.

 

[Endymio]

It might be too early to dismiss the Ubisoft Quartz / Digits /NFT experiment. ...

This may well qualify as the understatement of the year, given these NFTs have only been available for a few days, and apparently only available in just one of Ubi's games, and that a version in beta. I understand their plan is to extend these across much of the Ubi line of games.

 

[korekan]

can we bring the NFT to other platform?
if not isn't its already there with "lootboxes" thing?

 

[jkflipflop98]

NFT's could have a cool factor to them, but the big companies only want to figure out the best way to monetize them so it doesn't matter.

 

[Endymio]

NFT's could have a cool factor to them, but the big companies only want to figure out the best way to monetize them ...

Ah, but that's the beauty of the free market. The best way to monetize anything is to provide a product that satisfies customers, at a price they're willing to pay.

 

[bigdragon]

I don't understand how Ubisoft's NFT implementation is fundamentally different from Steam's market for in-game items -- something that's been around for a decade or longer. Publishers and developers can already monetize their games and create markets without supporting GPU-hoarding, market-distorting, environment-damaging, crypto stuff. Even Blizzard's ill-fated, real money auction house accomplished the same item monetization without supporting crypto.

 

[Endymio]

I don't understand how Ubisoft's NFT implementation is fundamentally different from Steam's market for in-game items...Publishers and developers can already monetize their games and create markets without supporting GPU-hoarding, market-distorting, environment-damaging, crypto stuff.

A whole host of misconceptions here. Besides the misrepresentations about mining-based crypto, Ubisoft is running on the Tezos blockchain, which is proof-of-stake based, and thus doesn't require mining. Still further, the point of an NFT is to allow transactions to occur without the approval and existence of a central authority, such as that required by Steam's implementation.

 

[DataMeister]

Seems like the classic example of a company wanting to create something valuable by artificial scarcity and the customer deciding they aren't interested.

 

[Mpablo87]

Interesting experiment!!! Why not??!!