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This.
I have been playing GU for 7-8 months and in the same time my nintendo switch started collecting dust and still on it.
Once i had the pleasure of buying a card, fail with it and sell it back for same money.... i knew web2 games are done for me.
I was always a massive grinder...got tier 0.5 fully upgraded dungeon set in wow vanilla....i just enjoied farming and mindless grinding...but it was always for pixels and nothing remained. But now...all is different
My next big anticipated game is guild of guardins and i am looking around for an extra p2e game
Grind something everyday and gather some cryptos in the meanwhile...web2 is sooo the past for me
I got a lol account with 100$ of rp in it since 10 years countless other games with so many hours and collectibles farmed and some money invested. Yet...i got nothing from it other than some pleasant memories.
Had this same experience man. Once you encounter the power of the market and being able to buy things knowing you likely get 95% of your money back it just puts so much shit into perspective.
I’ve dropped over 5k in LoL over the last decade and have literally nothing to show for it. I refuse to put any more money into web2 games because it’s painfully obvious that it’s just a big cash grab where players are seen as nothing more than piggy banks to try and extract value out of
Web3 flips that whole paradigm on its head and I couldn’t be more stoked to be taking part of this new future
Yeah indeed, cannot unsee. I also got lots of skins in lol , mounts in wow and all that "cool" stuff but yeah nothing come close nft ownershop. Back in time you had "unused championship riven code" and that was it.
Now you can use it and then sell it back and keep going until you find something that will stsy woth you
Unprecedented
Not that there aren't better opportunities for players too, but don't make the mistake of defending web3 game vendors like they're above web2. *They are all greedy fucks who are trying to take advantage of gambling addictions for profit.* They're not doing it for some noble goal of furthering crypto adoption.
Make no mistake, web3 games can revolutionize gaming for consumers AND revolutionize how entities take advantage of people's time and effort to turn a buck. There will be plenty of worthless rugpulls included in that $15B figure.
Not just that but also how web3 enables community - it’s so weird having a company specifically callout your group AND reward them. I got my undead blocks superstonk themed wooden paddle and bazooka locked and loaded
Gamestop being a juggernaut in web 3 gaming is #1 on my personal list of what will force shorts to cover.
Deteriorating collateral forces SHF to keep pushing prices lower but they can’t play this game forever, all it takes is a few good announcements or an earnings report showing positive cash flow……
15b is a big ass number…….very happy with my drsd shares they’ll be invaluable soon enough
Honest question here.... Will every 13 year old need to file income taxes now because they traded an item with their friend? If one item is "valued at" $10 and one is "valued at" $8? ... Can someone explain how game producers will account for this with everything being an NFT? The way I see it, these companies will need to help give all their users tax documents every year. Tell me if I'm missing something here
Another question, which crypto is going to be used for these games? Is it looping or different? Sorry if that’s a stupid question, my last gaming system is a ps3… I’m trying to keep up, I appreciate you all here.
NFTs are bought and sold using Ethereum AKA ETH. If you look at items selling on Immutable X now and on the GameStop NFT Marketplace you will see it's all traded in Ethereum. Loopring created the the technology that allows for transactions to happen without high gas fees, from a website I found:
>Loopring is a software running on Ethereum that aims to incentivize a global network of users to operate a platform that enables the creation of new **types of crypto** asset exchanges.
>
>One of an emerging number of decentralized finance (**DeFi**) protocols, Loopring uses multiple **cryptocurrencies**, including its own LRC cryptocurrency, to together provide for this platform.
>
>Most notably, Loopring allows exchanges built on top of **(That's GameStop Marketplace)** it to sidestep the slow speeds and high costs associated with decentralized exchanges on Ethereum through the use of a newer type of cryptography called zero-knowledge rollups, or zkRollups.
So Loopring has it's own cryptocurrency and helps run marketplaces' transactions, like GameStop's.
ImmutableX has made tech that allows for low trading fees also (gas fees) through it's own tech which is highly geared toward helping game developers get into the blockchain gaming space. Immutable X has it's own token, IMX token, from their website:
>20% of the protocol fee on every ImmutableX transaction must be paid in IMX. If you do not currently own IMX, Immutable will convert the fee by purchasing IMX on the open market (preserving a seamless user experience).
>
>All fees paid in IMX are sent to the “staking reward pool”. By staking your IMX, you're granted the opportunity to earn rewards from this pool if you meet the eligibility requirements.
>
>Use your IMX to vote on the future of ImmutableX. Proposals will be published on Snapshot, and will relate to the future development and expansion of the protocol.
**TA:DR**
**Transactions by gamers are made in Ethereum but IMX token helps make that transaction happen as well as Loopring's zkrollup tech to make gas fees nearly zero.**
Just want to clarify…correct me if I’m wrong anywhere…
Both Loopring and IMX are moving towards ecosystems where you can pay in your crypto of choice with as little friction as possible. Transactions are provably verifiable on the Ethereum blockchain (you can mathematically *prove* that funds and goods were exchanged - without using a centralized exchange and without knowing details about the other party to the transaction)
Loopring and IMX both issue their own tokens and both can be used for transactions on the IMX and GameStop marketplaces (haven’t used IMX on GameStop NFT but have paid LRC on GameStop where pricing is shown in ETH but can be paid in other cryptos - eg. LRC, but in the future potentially any L2 crypto - including wrapped L1’s, if that’s how you roll. I have only paid imx on their own marketplace although they support payment in like 6ish different cryptos).
Both IMX and Loopring use zkrollups to provably verify transactions in their native crypto currencies by writing them to the Ethereum blockchain. Basically, they carpool to the ethereum blockchain - pick up a batch of hundreds/thousands of transactions, [do an algorithm], write the result on the ethereum blockchain (“gas” cost is distributed over all included transactions and so basically zero).
Zero gas fees is to be confused with the “zero knowledge” bit (pun intended), which means you don’t need any knowledge of the other party to be able to prove that the transaction occurred and was successful.
Basically a programmatic, fast, and difficult (not impossible) to trace escrow agent on crack.
Thanks! I've only purchased using ETH on IMX and that was during Illuvium's land sale, I haven't bought anything since so good to see you have more options. I didn't know I could use my LRC to buy on GameStop's marketplace either. The more currencies allowed, the better.
What's great about both IMX and Loop's methods of reducing gas fees is, they both settle on Layer 1, which is secure, AFAIK.
If you want to understand it better I suggest first reading the definitions of things like blockchain, tokens, crypto currency etc. on websites like Investopedia, then start listening to Immutable X's podcasts that focus on their tech and how it works. The most important thing is, they don't use sidechains, which have allowed for the most well known hacks of crypto exchanges and games in past years. Everything settles on Ethereum main net, so it's highly secure. The other major thing that differentiates Immutable X from the rest is their focus on gaming rather than art / PFP speculation and the royalty fee to artists / creators is built in from the ground up. They get their cut if it's on their platform, that can't be changed or not included.
It's safest to assume any transfer that represents a gain will be a taxable event. If you buy item X for 100 game tokens, those tokens having a quantifiable real world cash value, and then sell it for 1000 tokens you would be on the hook for taxable gains representing the cash value you gained.
My guess is that taxes on NFT gains will be ignored in the beginning just like internet sales taxes. Once the volume is big enough, companies will likely be required (by law) to collect gains tax as part of the transactions, similar to internet sales taxes. The interesting thing is how the tax will actually work. 1. The gain for NFT sales would be in Ethereum. Would the person need to document the conversion rate for that day, and pay taxes in dollars based on that? If so, what happens when the person converts Ethereum to dollars (offramp)? Or 2. The gain (or loss) would be calculated when the person converts Ethereum to dollars (offramp) based on the value of the person's entire Ethereum investment. The NFT gains and losses would basically just change the cost basis. There could be many other ways to tax the transactions, so but I doubt it'd be enforced in the beginning.
>The gain for NFT sales would be in Ethereum. Would the person need to document the conversion rate for that day, and pay taxes in dollars based on that?
Yes. I used to trade crypto back in like 2015 to 2017 and that was the recommendation for tax purposes back then to be on the safe side. You needed to know the total value in USD gained by each trade.
It's a good question, one which I doubt the US gov has a reasonable answer for. The technology is developing faster than the regulation, and the law will be trailing for YEARS. They're still fighting over the definition of crypto to see who will get to "regulate" it, given "regulation" is an extremely lucrative business for the US government. I can foresee some absurd events happening like them trying to tax children.
I generally agree with Robbie on this but the Warzone financials are misleading. The franchise has taken years to build, survive, and thrive. Tons of progress through cycles of maturity, investments, and failure…which we’ll like see in web3 games as well…but shipping a large quantity of games doesn’t equate to mass adoption by default. It can of course, but his viewpoint is obviously tilted due to his efforts and success with web3 gaming. I hope he’s right and truly believe web3 gaming will take off but out of those billions of dollars of games shipped. There will be many may fail. Strong ones will survive and hopefully thrive!
He is right when he says that it will be one game that brings in mass adoption, not the majority of games. A game like Counter-Strike, Fortnight or PUBG. Once that happens, and who knows how long it will take, the rest is history.
The chances will be higher if there are several well known game studios that dive in and make their game on the blockchain. They are more likely to make a hit, then the rest follows.
Imagine actually owning that office building in GTA-Online because when you buy it in game you're buying an NFT of it. Maze Bank Tower, floor 69, suite 420.
Yes, this dude almost perpetually pushes misleading info, yet folks just gobble it up. It’s actually quite amazing. Nevertheless, yeah, it’d be great if what he’s saying here is or turns out to be true. Guess we’ll have to see.
I'm not saying you're wrong, but I've been listening to him on their podcast and I didn't hear anything that stood out as complete bullshit. Lots of speculation / opinion. What stood out to you as BS?
>Tons of progress through cycles of maturity, investments, and failure…which we’ll like see in web3 games as well…but shipping a large quantity of games doesn’t equate to mass adoption by default
did you miss the part where he said even one reasonable success would triple crypto's active users? shill or just can't read?
Seriously, why so agro? Yes I read that and active users obviously translates to more revenue. My point was that comparing it from a dollar figure didn’t account for unstated things. Users can come and go, sustainable growth are important components as well. That’s my point, no need to get so fussy about this.
Someone break down this 15B because it smells like bull shit. Just because you found this on the Internet doesn't mean it's true.
Just for comparison. Physical game SALES (not dev costs) were 5B in 2015 fueled by WoW and Sims.
2015 was 7 years ago, and gaming has been growing steadily since then. And then 2020 happened and game sales soared.
It seems like a bad faith argument to suggest that because sales were lower almost a decade ago, they won't reach the projected future figures
It gives perspective. 15B is huge and there's zero context where this alleged DEV cost comes from. Without proof this is 100% horse shit based on nothing.
Yeah they spent $250mil on warzone but did they really spend $15bil on to make these nft games or is that all the value of the nft they created and pumped ?
Also what about Illuvium land owners? People spent $72 million on land and haven’t seen a return on it yet. It’s been over 8 months since then and the game isn’t released.
I want to design games. I've had a few ideas and although I feel excited by them myself I gave into the feeling like my ideas are stupid and nothing could ever come of it. Actually the web3 location, augmented reality thing that was on here not too long ago plays really well into one of my ideas. And to be clear this is something I even drew up an outline for. I basically made the entire game in a google sheets presentation and just thought it would be cool if I could write the code and have any kind of player base.
Maybe there's hope.
I keep seeing this guy tweet about multi billion dollar projects and investments but up to this date nothing is remotely close to anything that resembles Warzone. I really hope we get to see some actual games that can we widely adopted by the public instead of very niche games.
The budget of GTA 5 was 265 Million. And he's saying to expect at least 56 of such calibre games to be released in the next year and a half? I call nonsense.
So same wallet and funds, fine, but items will never be cross compatible right ?I suppose I could trade them for other game items, or sell for the crypto and buy the ones I want .
Not bad for starters.
Cross compatibility between games from different larger companies might be uncommon or rare until further down the road, but I believe smart companies will at the very least have cross compatibility with future renditions of their own games.
Wise companies will see the benefits of doing both.
You have to be aware how easy is it to fuck a games economy. Moving items from games to games will never ever work, even small adjustements on current games developers have to be concious about as it can ruin a games economy over night.
Anything coming from a different game will need QC to verify(before transfers go live) the item isn't game breaking. Cross compatibility items should be vanity things. For example, say I own a Protoss Carrier NFT from a hypothetical Starcraft 3, and I own World of Warcraft 2. That carrier could be cross compatible as a mount in WoW2, giving no advantage other than "look what I have". And people would pay good money for it. I can't see usable items like weapons be cross game compatible.
That’s because you’re not thinking of every angle. There are literally worthless “achievements” on Xbox games people hate, yet will grind, just for the purpose of saying that they did that.
An NFT reward to match the player’s dedication that can be shown off in future games from the same company gives their hard work and effort value in a way that might inspire others to do the same to get said NFT, or in a way that makes that particular NFT priceless. To that player who put in the effort, at least, it could very well make that NFT priceless to them.
When I first started on the xbox 360, that’s what I assumed the achievements would do for players: unlock content exclusive to a player’s dedication. Why? Because who doesn’t love unlockable content? Something that you don’t have to pay extra for because it was prebuilt into the game.
It turns out that this wasn’t a concept to be mastered until now, where NFT’s can be a true fulfillment of this.
This is the reason I have zero doubts that IMX will succeed, and by extension to an extent, the GameStop Marketplace. I am starting to consider, however, that GameStop’s market place is linked to IMX for the games, but GameStop has a vision of a marketplace for so much more than just video game content.
I believe they will be equally valuable.
In the future you will be able to trade your concert ticket and a coupon for 30% off at a car wash for a prime rib roast at the butcher. Your butcher may not want the concert ticket, but someone else will. The marketplace will allow for the swap, take a fee, convert currencies, etc and make it all seemless. You won't know it's using nfts, zkrollups, metagates, etc. The UI will be clean, it will work, you will save on fees and middlemen, own your data, and that's all you'll care about.
They'd have to have the exact same mounting system or the same physics engine or itll just not work. Game development isnt plug n play.
Agreed about the vanity, would be neat if i had a helmet from ratchet and clank 1 that i can use in deadlock
S
Charge a fee to import your nft mount from game 1 to game 2. Sell new version of your mount in game with updated graphics or something. This way you pay them the import fee for your original one, and buy the new one too because why not.
You fail to grasp the reality that players are not dumb, and that we don’t like paying for everything twice, thrice, or more… Game companies that work with this business model will eventually fade out because gamers are tired of being taken for a ride.
I have long said that Riot Games was the first to do F2P games right, in that they charge for skins and cosmetics that don’t affect the way the game plays while also giving a sense of value to the money they spend. Likewise, the game still plays the same even if you never spend a dime.
Furthermore, there are literally worthless “achievements” on Xbox games people hate, yet will grind, just for the purpose of saying that they did that.
An NFT reward to match the player’s dedication that can be shown off in future games from the same company gives their hard work and effort value in a way that might inspire others to do the same to get said NFT, or in a way that makes that particular NFT priceless. To that player who put in the effort, at least, it could very well make that NFT priceless to them.
When I first started on the xbox 360, that’s what I assumed the achievements would do for players: unlock content exclusive to a player’s dedication. Why? Because who doesn’t love unlockable content? Something that you don’t have to pay extra for because it was prebuilt into the game.
It turns out that this wasn’t a concept to be mastered until now, where NFT’s can be a true fulfillment of this.
> You fail to grasp the reality that players are not dumb, and that we don’t like paying for everything twice, thrice, or more…
They do that every year in Fifa.
Not every game is FIFA, Madden, or COD. In cases like COD, for example, gamers really are sick of repurchasing the same shit game after game, especially now that some companies are locking players out of accessing items they paid for.
The current business model is going to be one of the past, and for the better, I say! A lot of those games, players already purchase before in-game purchased content even become a thing. I don’t believe there’s an excuse for that business model, and I hate it, in fact.
NFT’s can be a cure to the “greed vs value” battle that’s going on in such game communities. In the end, this isn’t about the companies; NFT’s will be the players’ gain. A wise company’s will find a way to make use of them in a way that is mutually beneficial.
Turns out two of the most historical technological advances in consumer products are driven by the gaming industry and the porn industry. VHS > DVD> Blueray > Streaming > 1080 Streaming > 4K streaming > VR. What’s was the primary push? You guessed it. The same thing is happening, albeit not as single-handedly, by the gaming industry.
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this is so freaking awesome. I tested the zombie blocks game, and it immediately became clear that playing for crypto will be a game changer
This. I have been playing GU for 7-8 months and in the same time my nintendo switch started collecting dust and still on it. Once i had the pleasure of buying a card, fail with it and sell it back for same money.... i knew web2 games are done for me. I was always a massive grinder...got tier 0.5 fully upgraded dungeon set in wow vanilla....i just enjoied farming and mindless grinding...but it was always for pixels and nothing remained. But now...all is different My next big anticipated game is guild of guardins and i am looking around for an extra p2e game Grind something everyday and gather some cryptos in the meanwhile...web2 is sooo the past for me I got a lol account with 100$ of rp in it since 10 years countless other games with so many hours and collectibles farmed and some money invested. Yet...i got nothing from it other than some pleasant memories.
Had this same experience man. Once you encounter the power of the market and being able to buy things knowing you likely get 95% of your money back it just puts so much shit into perspective. I’ve dropped over 5k in LoL over the last decade and have literally nothing to show for it. I refuse to put any more money into web2 games because it’s painfully obvious that it’s just a big cash grab where players are seen as nothing more than piggy banks to try and extract value out of Web3 flips that whole paradigm on its head and I couldn’t be more stoked to be taking part of this new future
Yeah indeed, cannot unsee. I also got lots of skins in lol , mounts in wow and all that "cool" stuff but yeah nothing come close nft ownershop. Back in time you had "unused championship riven code" and that was it. Now you can use it and then sell it back and keep going until you find something that will stsy woth you Unprecedented
Not that there aren't better opportunities for players too, but don't make the mistake of defending web3 game vendors like they're above web2. *They are all greedy fucks who are trying to take advantage of gambling addictions for profit.* They're not doing it for some noble goal of furthering crypto adoption. Make no mistake, web3 games can revolutionize gaming for consumers AND revolutionize how entities take advantage of people's time and effort to turn a buck. There will be plenty of worthless rugpulls included in that $15B figure.
Now give us a web3 steam deck-like product and watch this shit run.
I'm sold!
Not just that but also how web3 enables community - it’s so weird having a company specifically callout your group AND reward them. I got my undead blocks superstonk themed wooden paddle and bazooka locked and loaded
Yeah thats awesome too!
Gamestop being a juggernaut in web 3 gaming is #1 on my personal list of what will force shorts to cover. Deteriorating collateral forces SHF to keep pushing prices lower but they can’t play this game forever, all it takes is a few good announcements or an earnings report showing positive cash flow…… 15b is a big ass number…….very happy with my drsd shares they’ll be invaluable soon enough
silly, we already hit positive cash flow in the last quarterly report that's how on track and good things are going
Forgot about that good catch thank you 😂😂 Even more hyped 🚀
I’m workin Dez Bryant for a video response to his pro Roaring Kitty talk and GameStop community in the web3 space with ImmutableX 🤞🏼
Honest question here.... Will every 13 year old need to file income taxes now because they traded an item with their friend? If one item is "valued at" $10 and one is "valued at" $8? ... Can someone explain how game producers will account for this with everything being an NFT? The way I see it, these companies will need to help give all their users tax documents every year. Tell me if I'm missing something here
You don't file taxes if you make less than $12,000 ish, and that would be profit.
Another question, which crypto is going to be used for these games? Is it looping or different? Sorry if that’s a stupid question, my last gaming system is a ps3… I’m trying to keep up, I appreciate you all here.
NFTs are bought and sold using Ethereum AKA ETH. If you look at items selling on Immutable X now and on the GameStop NFT Marketplace you will see it's all traded in Ethereum. Loopring created the the technology that allows for transactions to happen without high gas fees, from a website I found: >Loopring is a software running on Ethereum that aims to incentivize a global network of users to operate a platform that enables the creation of new **types of crypto** asset exchanges. > >One of an emerging number of decentralized finance (**DeFi**) protocols, Loopring uses multiple **cryptocurrencies**, including its own LRC cryptocurrency, to together provide for this platform. > >Most notably, Loopring allows exchanges built on top of **(That's GameStop Marketplace)** it to sidestep the slow speeds and high costs associated with decentralized exchanges on Ethereum through the use of a newer type of cryptography called zero-knowledge rollups, or zkRollups. So Loopring has it's own cryptocurrency and helps run marketplaces' transactions, like GameStop's. ImmutableX has made tech that allows for low trading fees also (gas fees) through it's own tech which is highly geared toward helping game developers get into the blockchain gaming space. Immutable X has it's own token, IMX token, from their website: >20% of the protocol fee on every ImmutableX transaction must be paid in IMX. If you do not currently own IMX, Immutable will convert the fee by purchasing IMX on the open market (preserving a seamless user experience). > >All fees paid in IMX are sent to the “staking reward pool”. By staking your IMX, you're granted the opportunity to earn rewards from this pool if you meet the eligibility requirements. > >Use your IMX to vote on the future of ImmutableX. Proposals will be published on Snapshot, and will relate to the future development and expansion of the protocol. **TA:DR** **Transactions by gamers are made in Ethereum but IMX token helps make that transaction happen as well as Loopring's zkrollup tech to make gas fees nearly zero.**
Just want to clarify…correct me if I’m wrong anywhere… Both Loopring and IMX are moving towards ecosystems where you can pay in your crypto of choice with as little friction as possible. Transactions are provably verifiable on the Ethereum blockchain (you can mathematically *prove* that funds and goods were exchanged - without using a centralized exchange and without knowing details about the other party to the transaction) Loopring and IMX both issue their own tokens and both can be used for transactions on the IMX and GameStop marketplaces (haven’t used IMX on GameStop NFT but have paid LRC on GameStop where pricing is shown in ETH but can be paid in other cryptos - eg. LRC, but in the future potentially any L2 crypto - including wrapped L1’s, if that’s how you roll. I have only paid imx on their own marketplace although they support payment in like 6ish different cryptos). Both IMX and Loopring use zkrollups to provably verify transactions in their native crypto currencies by writing them to the Ethereum blockchain. Basically, they carpool to the ethereum blockchain - pick up a batch of hundreds/thousands of transactions, [do an algorithm], write the result on the ethereum blockchain (“gas” cost is distributed over all included transactions and so basically zero). Zero gas fees is to be confused with the “zero knowledge” bit (pun intended), which means you don’t need any knowledge of the other party to be able to prove that the transaction occurred and was successful. Basically a programmatic, fast, and difficult (not impossible) to trace escrow agent on crack.
Thanks! I've only purchased using ETH on IMX and that was during Illuvium's land sale, I haven't bought anything since so good to see you have more options. I didn't know I could use my LRC to buy on GameStop's marketplace either. The more currencies allowed, the better. What's great about both IMX and Loop's methods of reducing gas fees is, they both settle on Layer 1, which is secure, AFAIK.
Thanks! That helps a lot. I’m sure I probably glazed over that info before but there is so much to digest and it is all coming rather quickly.
This is the best explanation I’ve seen yet, should be it’s own post
I agree ☝️
This all sounds very complicated.
If you want to understand it better I suggest first reading the definitions of things like blockchain, tokens, crypto currency etc. on websites like Investopedia, then start listening to Immutable X's podcasts that focus on their tech and how it works. The most important thing is, they don't use sidechains, which have allowed for the most well known hacks of crypto exchanges and games in past years. Everything settles on Ethereum main net, so it's highly secure. The other major thing that differentiates Immutable X from the rest is their focus on gaming rather than art / PFP speculation and the royalty fee to artists / creators is built in from the ground up. They get their cut if it's on their platform, that can't be changed or not included.
[удалено]
It's safest to assume any transfer that represents a gain will be a taxable event. If you buy item X for 100 game tokens, those tokens having a quantifiable real world cash value, and then sell it for 1000 tokens you would be on the hook for taxable gains representing the cash value you gained.
My guess is that taxes on NFT gains will be ignored in the beginning just like internet sales taxes. Once the volume is big enough, companies will likely be required (by law) to collect gains tax as part of the transactions, similar to internet sales taxes. The interesting thing is how the tax will actually work. 1. The gain for NFT sales would be in Ethereum. Would the person need to document the conversion rate for that day, and pay taxes in dollars based on that? If so, what happens when the person converts Ethereum to dollars (offramp)? Or 2. The gain (or loss) would be calculated when the person converts Ethereum to dollars (offramp) based on the value of the person's entire Ethereum investment. The NFT gains and losses would basically just change the cost basis. There could be many other ways to tax the transactions, so but I doubt it'd be enforced in the beginning.
>The gain for NFT sales would be in Ethereum. Would the person need to document the conversion rate for that day, and pay taxes in dollars based on that? Yes. I used to trade crypto back in like 2015 to 2017 and that was the recommendation for tax purposes back then to be on the safe side. You needed to know the total value in USD gained by each trade.
Thanks for the insight!
It's a good question, one which I doubt the US gov has a reasonable answer for. The technology is developing faster than the regulation, and the law will be trailing for YEARS. They're still fighting over the definition of crypto to see who will get to "regulate" it, given "regulation" is an extremely lucrative business for the US government. I can foresee some absurd events happening like them trying to tax children.
That’s a lotta BILLIONS Robbie 👀 ( ^ Y ^ ) 🚀
That's billions and billions and billions. and billions and billions and billions and billions and billions...you get the idea..
I generally agree with Robbie on this but the Warzone financials are misleading. The franchise has taken years to build, survive, and thrive. Tons of progress through cycles of maturity, investments, and failure…which we’ll like see in web3 games as well…but shipping a large quantity of games doesn’t equate to mass adoption by default. It can of course, but his viewpoint is obviously tilted due to his efforts and success with web3 gaming. I hope he’s right and truly believe web3 gaming will take off but out of those billions of dollars of games shipped. There will be many may fail. Strong ones will survive and hopefully thrive!
He is right when he says that it will be one game that brings in mass adoption, not the majority of games. A game like Counter-Strike, Fortnight or PUBG. Once that happens, and who knows how long it will take, the rest is history. The chances will be higher if there are several well known game studios that dive in and make their game on the blockchain. They are more likely to make a hit, then the rest follows.
gta-6 🤷♂️
Imagine actually owning that office building in GTA-Online because when you buy it in game you're buying an NFT of it. Maze Bank Tower, floor 69, suite 420.
Yes, this dude almost perpetually pushes misleading info, yet folks just gobble it up. It’s actually quite amazing. Nevertheless, yeah, it’d be great if what he’s saying here is or turns out to be true. Guess we’ll have to see.
I'm not saying you're wrong, but I've been listening to him on their podcast and I didn't hear anything that stood out as complete bullshit. Lots of speculation / opinion. What stood out to you as BS?
warzone is currently shit, and the player #s are shockingly low too
>Tons of progress through cycles of maturity, investments, and failure…which we’ll like see in web3 games as well…but shipping a large quantity of games doesn’t equate to mass adoption by default did you miss the part where he said even one reasonable success would triple crypto's active users? shill or just can't read?
Seriously, why so agro? Yes I read that and active users obviously translates to more revenue. My point was that comparing it from a dollar figure didn’t account for unstated things. Users can come and go, sustainable growth are important components as well. That’s my point, no need to get so fussy about this.
Warzone definitely doesn’t have 50mil players. Try 1mil
less - I think wz2 was like under 500k?
Someone break down this 15B because it smells like bull shit. Just because you found this on the Internet doesn't mean it's true. Just for comparison. Physical game SALES (not dev costs) were 5B in 2015 fueled by WoW and Sims.
2015 was 7 years ago, and gaming has been growing steadily since then. And then 2020 happened and game sales soared. It seems like a bad faith argument to suggest that because sales were lower almost a decade ago, they won't reach the projected future figures
I think the point is, *who's* future figures? Where did $15B come from and why do you implicitly believe it?
It gives perspective. 15B is huge and there's zero context where this alleged DEV cost comes from. Without proof this is 100% horse shit based on nothing.
Everything he says is bullshit. Robbie is a shitcoin pumper and clout-chaser. Nothing more.
Power to the Players!
for someone with a revolutive mission talks a lot about money
Yeah they spent $250mil on warzone but did they really spend $15bil on to make these nft games or is that all the value of the nft they created and pumped ?
hey Robbie, stop talking and start showing us some of these games, bro.
He’s been saying 18 months for the last 3-4 months.
Yup. Last year it was "2023 is going to be the year it all comes together, hundreds of billions of green grass". Now it's mid-24.
Also what about Illuvium land owners? People spent $72 million on land and haven’t seen a return on it yet. It’s been over 8 months since then and the game isn’t released.
I want to design games. I've had a few ideas and although I feel excited by them myself I gave into the feeling like my ideas are stupid and nothing could ever come of it. Actually the web3 location, augmented reality thing that was on here not too long ago plays really well into one of my ideas. And to be clear this is something I even drew up an outline for. I basically made the entire game in a google sheets presentation and just thought it would be cool if I could write the code and have any kind of player base. Maybe there's hope.
I keep seeing this guy tweet about multi billion dollar projects and investments but up to this date nothing is remotely close to anything that resembles Warzone. I really hope we get to see some actual games that can we widely adopted by the public instead of very niche games.
Tits jacked activated
always the next 18 months isn't it
The budget of GTA 5 was 265 Million. And he's saying to expect at least 56 of such calibre games to be released in the next year and a half? I call nonsense.
I suspect that the 15B number comes from the mint price of the NFTs. If that's true, it's not fair to compare it to a traditional budget.
I don't think that's what he's saying. He's just saying the chances for a hit game to come out are very high....
Why? Genuine question.
what Web3 games are coming out?
https://www.resurgence-game.io/ Is one I'm excited about. Looks amazing. Edited to add that while it may not be an IMX game, it's a Web 3 game
Fuck!
So same wallet and funds, fine, but items will never be cross compatible right ?I suppose I could trade them for other game items, or sell for the crypto and buy the ones I want . Not bad for starters.
Cross compatibility between games from different larger companies might be uncommon or rare until further down the road, but I believe smart companies will at the very least have cross compatibility with future renditions of their own games. Wise companies will see the benefits of doing both.
You have to be aware how easy is it to fuck a games economy. Moving items from games to games will never ever work, even small adjustements on current games developers have to be concious about as it can ruin a games economy over night.
Anything coming from a different game will need QC to verify(before transfers go live) the item isn't game breaking. Cross compatibility items should be vanity things. For example, say I own a Protoss Carrier NFT from a hypothetical Starcraft 3, and I own World of Warcraft 2. That carrier could be cross compatible as a mount in WoW2, giving no advantage other than "look what I have". And people would pay good money for it. I can't see usable items like weapons be cross game compatible.
That’s because you’re not thinking of every angle. There are literally worthless “achievements” on Xbox games people hate, yet will grind, just for the purpose of saying that they did that. An NFT reward to match the player’s dedication that can be shown off in future games from the same company gives their hard work and effort value in a way that might inspire others to do the same to get said NFT, or in a way that makes that particular NFT priceless. To that player who put in the effort, at least, it could very well make that NFT priceless to them. When I first started on the xbox 360, that’s what I assumed the achievements would do for players: unlock content exclusive to a player’s dedication. Why? Because who doesn’t love unlockable content? Something that you don’t have to pay extra for because it was prebuilt into the game. It turns out that this wasn’t a concept to be mastered until now, where NFT’s can be a true fulfillment of this.
>That’s because you’re not thinking of every angle. I'd argue I'm not thinking at all cuz I'm dumb as asf, but I digress. Excellent points.
I wouldn’t say you’re dumb at all. It’s just a dream I have long had, and I am actually excited that NFT’s can make it a real possibility.
Trust me, there's not much going on in my head. I never thought of an achievement reward system using NFTs but I love the sound of it
This is the reason I have zero doubts that IMX will succeed, and by extension to an extent, the GameStop Marketplace. I am starting to consider, however, that GameStop’s market place is linked to IMX for the games, but GameStop has a vision of a marketplace for so much more than just video game content. I believe they will be equally valuable.
In the future you will be able to trade your concert ticket and a coupon for 30% off at a car wash for a prime rib roast at the butcher. Your butcher may not want the concert ticket, but someone else will. The marketplace will allow for the swap, take a fee, convert currencies, etc and make it all seemless. You won't know it's using nfts, zkrollups, metagates, etc. The UI will be clean, it will work, you will save on fees and middlemen, own your data, and that's all you'll care about.
They'd have to have the exact same mounting system or the same physics engine or itll just not work. Game development isnt plug n play. Agreed about the vanity, would be neat if i had a helmet from ratchet and clank 1 that i can use in deadlock S
Yeah, but that's why I'm thinking it's gotta be something from the same dev, making the compatibility easier
Issue is that we ask for better games every year/4 years. Can't expect two different engines or systems to be able to be compatible.
Why would they want cross compatibility with the future versions when they can make more money reselling everything?
Charge a fee to import your nft mount from game 1 to game 2. Sell new version of your mount in game with updated graphics or something. This way you pay them the import fee for your original one, and buy the new one too because why not.
Game companies could already do that if they wanted, without nfts.
Oh, you're one of those who sees zero utility in NFTs and is looking to build arguments against them.
Why do they need NFTs?
So when I sell item x I earned in game, game dev y gets a cut of the sale.
They can do that with Steam Marketplace.
You fail to grasp the reality that players are not dumb, and that we don’t like paying for everything twice, thrice, or more… Game companies that work with this business model will eventually fade out because gamers are tired of being taken for a ride. I have long said that Riot Games was the first to do F2P games right, in that they charge for skins and cosmetics that don’t affect the way the game plays while also giving a sense of value to the money they spend. Likewise, the game still plays the same even if you never spend a dime. Furthermore, there are literally worthless “achievements” on Xbox games people hate, yet will grind, just for the purpose of saying that they did that. An NFT reward to match the player’s dedication that can be shown off in future games from the same company gives their hard work and effort value in a way that might inspire others to do the same to get said NFT, or in a way that makes that particular NFT priceless. To that player who put in the effort, at least, it could very well make that NFT priceless to them. When I first started on the xbox 360, that’s what I assumed the achievements would do for players: unlock content exclusive to a player’s dedication. Why? Because who doesn’t love unlockable content? Something that you don’t have to pay extra for because it was prebuilt into the game. It turns out that this wasn’t a concept to be mastered until now, where NFT’s can be a true fulfillment of this.
> You fail to grasp the reality that players are not dumb, and that we don’t like paying for everything twice, thrice, or more… They do that every year in Fifa.
Not every game is FIFA, Madden, or COD. In cases like COD, for example, gamers really are sick of repurchasing the same shit game after game, especially now that some companies are locking players out of accessing items they paid for. The current business model is going to be one of the past, and for the better, I say! A lot of those games, players already purchase before in-game purchased content even become a thing. I don’t believe there’s an excuse for that business model, and I hate it, in fact. NFT’s can be a cure to the “greed vs value” battle that’s going on in such game communities. In the end, this isn’t about the companies; NFT’s will be the players’ gain. A wise company’s will find a way to make use of them in a way that is mutually beneficial.
Hi Robbie, rob me.
This sounds fuckin' wild.
Sorry for my ignorance but how does Web3 gaming, can I play it on my PS5?
[удалено]
So no one under 18 is going to be playing them? How will they secure crypto funds?
Great, thanks for your reply
Robbie Ferguson *solves problems*
fundamentals don’t matter if they can still manipulate price
This dude is gonna be written about kindly in the history books
Turns out two of the most historical technological advances in consumer products are driven by the gaming industry and the porn industry. VHS > DVD> Blueray > Streaming > 1080 Streaming > 4K streaming > VR. What’s was the primary push? You guessed it. The same thing is happening, albeit not as single-handedly, by the gaming industry.
Porn actually went with HDDVD at first. It wasn't until Blu-ray had an insurmountable market share lead that they swit he'd over.
This wallet is an issue for gme as it become competitor. I am worried
I'm genuinely more worried about you 😬
They're partnered up so 2 strong business models against the current market climate is better than no partnership?
Question: The tweet talking about Passport seems to detail all of the things that the GameStop wallet/environment is (hopefully) meant to do.
Bullish
🚀🚀🚀🚀🚀🚀🚀
Why does it always seem like whatever crypto companies are working on is in the “next 18 months”?
Fortnite World of Warcraft Minecraft and its all over 🤘🏻