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Peter Molyneux's NFT game Legacy has already sold $50m of "land"
M1chl
Currently Gif and Meme Champion
The Winner of his "game" didn't get anything, yes. He could pull the plug any minute...
Rivet
Member
Retards, criminals and retarded criminals.
Oddvintagechap
Member
NFT’s is pyramid scheme+
Peter at his finest.
Peter at his finest.
purvispisgah
Member
Neal Stephenson's Snow Crash should probably become required reading in schools. What an incredibly prescient piece of fiction.
Putonahappyface
Member
Putonahappyface
Member
What utter nonsense my mind is blown. Whoever buys into this reap what you sow.
M1chl
Currently Gif and Meme Champion
It's like stocks, if you undestand those you will. Except you can tank it way more easily and run away with the bag. Also you can look at NFTs here, if you so desire:
OpenSea, the largest NFT marketplace
GarlicPrawn
Neo Member
Molyneuxs' "success" will most lickely flame the greed of more publishers I'm afraid. With all that sweet crytobro money up for grabs its bit hard to imagine more utter shite games reaching market. This could lead to more resources being focused to farming said bro's, potentially stunting development of original and fun games.
I'm hopefull though that legislation geared towards NFTs might lessen the damage.
Gameplaylover
Member
I'm not surprised, it's the cyberspace way for rich people to say fuck you losers. Everybody can afford a fancy skin, but only rich people can buy some stuff for tenthousands or hundreds of thousands.
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Fare thee well
Neophyte
Soon ?
TLZ
Banned
What utter nonsense my mind is blown. Whoever buys into this reap what you sow.
Thank you. Now I finally understand.
chromhound
Member
Those Gas fees...
I'm surprised Star Citizen is not selling land and ships as NFTs...
I'm surprised Star Citizen is not selling land and ships as NFTs...
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ZoukGalaxy
Member
...please stay in line and keep your calm, every idiots shall be served and enslaved.
StreetsofBeige
Gold Member
I dont know how much costs it takes to make these digital plots of land, but I have a feeling this business model is at least 99% profit margin.
Give Molyneux credit. He knows how to hype up anything he makes.
Give Molyneux credit. He knows how to hype up anything he makes.
StreetsofBeige
Gold Member
They do. What's the PC game that has been around for 20 years? You could buy homes and land too. I forget what it's called. I dont think it's Second Life, but thats the only name to comes to mind. But maybe it is that game.
Skim through these beauty links.
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M1chl
Currently Gif and Meme Champion
It's just crazy that people keep eating it
Fare thee well
Neophyte
I sometimes wonder if these facts/headlines are faked/distorted to further push the fomo madness. If it looks like 'many' are buying into something then some actually will. It's still a con scenario, but one in which I'm slightly less ashamed of my species.
BouncyFrag
Member
Can I plant an acorn on my humble plot of virtual land?
Probably what peter Molyneux is promising the buyers, this is such peak molyneux
Bulletbrain
Member
I wouldn't say NFTs are like stocks. Stocks in short gives you part ownership of a business which generate profits over a long period of time by selling products or services. The better the revenue generating potential, the better the profitability, and the lower the risk makes the business worth more, and hence the stocks also worth more.
NFTs are more akin to collectables. There is no inherent "value" (it can't generate revenues or profits), but it's price is determined by people, maybe based on scarcity, but most of the time based on nothing at all.
How is this worse than buying DLC that has zero potential value return?
With NFT's you can irrefutably own unique items and locations in games.
Scarcity creates value even if it is artificial, it's the business model of basically all collectibles and genuine limited editions. If the game is successful these guys could see massive returns.
With NFT's you can irrefutably own unique items and locations in games.
Scarcity creates value even if it is artificial, it's the business model of basically all collectibles and genuine limited editions. If the game is successful these guys could see massive returns.
Alebrije
Member
Just imagine you can not save near a boss battle because all the land around the path is owned by someone so the only way to save or put a camp on those lands are by paying a fee to the owner...
Maybe it sound exagerated but that could be NFTs inthe future..
Its crap and saddly some people will buy NFTs ....
Maybe it sound exagerated but that could be NFTs inthe future..
Its crap and saddly some people will buy NFTs ....
Bulletbrain
Member
One problem with gaming NFTs is the same as DLC. We already saw how developers created their games to funnel people towards buying DLC. Abusing fomo, making gameplay grindy etc. NFTs will again create that problem.
GusFacsimile
Member
Could NFTs be used for money laundering? That might explain some of this insanity.
Fare thee well
Neophyte
Yep, and you can't even offload your account for half its value if you backed that game. Believe me, I've tried.
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Schnozberry
Member
Molyneux has always been on the forefront of digital grifting. He's the modern day P.T. Barnum.
nikolino840
Member
If microsoft hadn't shut down lionhead s. it would be an xbox game
MastaKiiLA
Member
I have to look into the tokenomics, but metaverse games are going to suffer a lot of pump and dump schemes. Someone like Peter can traffic off his name, and raise millions of dollars easily, without an actual finished product. Given his development track record, some people are probably going to be waiting a while to see ROI. But this is the future of game development. Why bleed funds building something you don't know will sell, when you can crowdsource funding via ICO or NFT auction, and fund development before you really begin in earnest.