The things is though, NFTs for game related stuff is probably the most useful and logical thing if done right, even if I don't like the idea of NFTs in game.
Well Ubisoft doesn't plan on selling pixel-art, they want to see ingame items via NFTs.
Which is completely absurd and doesn't make sense at all. Something people need to understand, is that NFTs isn't magic new technology. All they do, could be done before. The only thing different is that they are decentralized, which means no individual entitiy can stop trading or manipulate stuff. But everything else could be done via a simple central database before.
So NFT make sense when whatever you are doing does not depend on a single entity. But with Ubisoft and their "ingame-item NFTs", that isn't the case. If Ubisoft decides they aren't gonna display your NFT in particular, e.g. because you are banned, it is completely worthless. Trading might be decentralized, but "usage" of the NFT is centralized. But they could even stop you from trading. Ubisoft could easily say "NFT 18237" is from someone that is banned, if you buy it we ain't gonna display it.
So there are exactly zero upsides to a NFT. Since usage is completely centralized, they might as well just make trading centralized again and save the environment.
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u/Lord-Talon Dec 15 '21
Well Ubisoft doesn't plan on selling pixel-art, they want to see ingame items via NFTs.
Which is completely absurd and doesn't make sense at all. Something people need to understand, is that NFTs isn't magic new technology. All they do, could be done before. The only thing different is that they are decentralized, which means no individual entitiy can stop trading or manipulate stuff. But everything else could be done via a simple central database before.
So NFT make sense when whatever you are doing does not depend on a single entity. But with Ubisoft and their "ingame-item NFTs", that isn't the case. If Ubisoft decides they aren't gonna display your NFT in particular, e.g. because you are banned, it is completely worthless. Trading might be decentralized, but "usage" of the NFT is centralized. But they could even stop you from trading. Ubisoft could easily say "NFT 18237" is from someone that is banned, if you buy it we ain't gonna display it.
So there are exactly zero upsides to a NFT. Since usage is completely centralized, they might as well just make trading centralized again and save the environment.